Financial Daily from THE HINDU group of publications
Saturday, January 12, 2002
Markets (Jan. 11)
BL 250983.62 (-10.64)
BSE Sensex3362.88 (-19.08)
S&P CNX Nifty1088.55 (-9.65)
Dollar (Buy/Sell)48.36/48.49
Gold Std (10gm)4750 (+20)

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EDITORIAL


Cotton conundrum
QUITE UNDERSTANDABLY, THE Centre's recent decision to double the import duty on cotton to 10 per cent ad valorem has led to loud protests by the textiles industry which, already reeling under adverse market conditions and large-scale ... More

AUTOMOBILES


Does higher output mean better farm incomes?
WITH the industry caught in a pronounced slowdown and the services sector boom showing signs of fizzling out, both the Government as well as corporates are looking at the farm sector to put the economy back on the revival mode. The optimism is ... More

ECONOMY


Banks' asset portfolios -- Macro-distortions over last decade
THE previous article examined the course of the ratios of investment in government securities and bank credit to GNP over three decades. This article looks at the three components of the asset portfolios of banks — cash, investments and ... More

Reform or perish
THE other day, a newspaper headline screamed: `Reform fast, or else perish.' The subject matter is not new; in fact, it has been on the public stage ever since Dr Manmohan Singh introduced reforms (as we know them today) into official economic ... More

TAXATION


Food for debate
T. C. A. Ramanujam on the suggestions of the Chief Commissioners of I-T to streamline block assessment procedures More

Benefit for business expansion
ACCORDING to Section 36 (1)(iii), any interest paid on the capital borrowed for business/profession is eligible for deduction. Explanation 8 to Section 43(1) says that where any interest is paid in connection with the acquisition of an asset ... More

Muruga, Muruga
ONE can't drag gods to courts but that may not hold good for devasthanams. A recent case before the Madras High Court was that of Sri Palani Dhandayuthabani Devasthanam, where the dispute was whether the renting of accommodation for ... More


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Top Stories
Markets hit by war fears; Sensex sinks, recovers


Mobile subscribers touch 5.48 m

After Bt cotton, it's GM mustard -- Proagro begins large-scale trials of hybrid variety

Industrial growth slumps to 0.9 per cent in Nov

90% excise duty on petrol, 24% on diesel -- Prices for consumers cut marginally

In Depth
Inside Kashmir
Guide to derivatives
US-64


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