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Saturday, April 25, 2009
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OPINION

FOREIGN RELATIONS: Obama’s friendly handshake with Latin America
The US President, Mr Barack Obama’s foreign policy has broken with the past and seeks to open dialogue even with countries opposed to the US such as Iran, Cuba and now Venezuela. This has won him widespread praise abroad, but brickbats ...

TAXATION: Taxing expat income in India
Towards the mid-1990s, as India opened itself up to foreign investment, there was an influx of foreign nationals into India. These foreign nationals (“expatriates”), who typically came to India on temporary assignments of three to ...

INCOME TAX: Immunity for agent of non-resident
Remember the Vodafone case? One Non-Resident Company parted with its controlling interest in an Indian company in favour of another non-resident company for a huge consideration. The question arose whether there is liability in India for ...

TAXATION: Unchecked tax gains from trash
Section 80JJA confers a five-year tax holiday on the entire profit earned from the business of collecting and processing or treating bio-degradable waste for generating power or producing bio-fertilisers, bio-pesticides or other biological ...

ACCOUNTANCY: Number game at Satyam
“Arise, Awake and stop not till thy goal is reached” is one of the many inspirational sayings of Swami Vivekananda. The management at the Institute of Chartered Accountants of India (ICAI) appears to be following this in letter ...

EDITORIAL: Printing money
The current economic crisis has had strange effects on governments around the world trying to cope with its terrible impact.Policies long discredited are being dusted off the shelves; nationalisation is back along with higher taxes on top slabs ...

BOOKS: Tariff troubles
In a chapter titled ‘Regulatory challenges in electricity markets in India,’ Devendra G. Kodwani observes that delivering competition in retail (low voltage supply to domestic and other consumers) requires major developments in ...

LETTERS: Capacity creation
Apropos the article “Is the worst really over?” (Business Line, April 24), the present economic crisis is arising out of uncertainty over the future course of the economy and not due to the liquidity problem as ...

LETTERS: Rating the agencies
The RBI’s move to review and monitor credit rating agencies in India is in the right direction. The key trigger to the global financial crisis is the rating agencies’ careless attitude which went to the extent of rating ...


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




Comments & Letters to the Editor to: bleditor@thehindu.co.in
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Markets (April 24)
Nifty (at close)3480.75(+57.05)
US Dollar (Buy/Sell)49.80/81
Brent crude (a bbl) Rs2,468
Gold (a gram) Rs1,364
Silver (a kg) Rs22,175


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