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Saturday, April 18, 2009
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OPINION

FINANCIAL MARKETS: And now, ‘Ayurvedic Economics’
After the financial crisis hit the West and the Rest like a tsunami in the third quarter of last year, the German online magazine Spiegel International of November 12, 2008 published the views of five Nobel prize winning economists ...

TAXATION: Employment question in SEZs
The economic downturn has made business decision-making extremely fragile. Decisions taken today must have the vision to sustain. Plans or actions that could be taken earlier now require precise justification based on sustenance. Often times, ...

TAXATION: Double whammy for infrastructure
India is one of the fastest growing economies in the world. Despite the global financial crisis impacting most emerging market economies, India has been able to attain 7.1 per cent GDP growth in the current year making it the second ...

EDITORIAL: Ground issues
The delays in ArcelorMittal’s steel projects in Orissa and Jharkhand appear understandable in the context of the global financial crisis. Yet, a closer look would reveal some worrying issues that may ensure that come the revival, projects ...

TAXATION: Expenditure as income
There is some artificiality about the way ‘income’ is defined and taxed under the Indian tax law. Capital sums, lottery winnings and even unexplained expenditure are treated as income. Sections 68 to 69D of the Income-Tax Act, 1961 ...

TAXATION: TDS credit rules redefined
Amendments in the procedure to deduct and deposit taxes seem to be the order of the day. The Central Board of Direct Taxes (CBDT) has sought to introduce a series of changes through three recent notifications. It is a well ...

TAXATION: Books that aren’t ‘books’
Section 80QQB of the Income-Tax Act, 1961 (I-T Act) allows as a deduction from an individual resident’s gross total income (GTI) any income earned by him as an author either by way of lumpsum or royalty ...

LETTERS: Satyam takeover
Vis-À-vis “Tech Mahindra bags Satyam” (Business Line, April 14), it is heartening to note that 100 days of agony undergone by various stakeholders is over with completion of the bidding ...

LETTERS: Not physics
Economics is certainly not physics, as explained in “Why Economics is not Physics” (Business Line, April 15). However, economics is to the social sciences what physics is to the natural sciences. The level ...


Columnists: C Gopinath Harish Bijoor G Chandrashekhar S Murlidharan Sharad Joshi Mohan Murti S Balakrishnan Bharat Savur B S Raghavan Ganesh Challa Bhanoji Rao Swati T Banusekar Ramanujam Sridhar Ranabir Ray Choudhury Rasheeda Bhagat P.V. Indiresan P Devarajan S Muralidhar R K Raghavan B Venkatesh S Venkitaramanan




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Markets (April 17)
Nifty (at close)3384.40(+14.90)
US Dollar (Buy/Sell)49.87/88
Brent crude (a bbl) Rs2,574
Gold (a gram) Rs1,314
Silver (a kg) Rs21,185


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