The Hindu Business Line : Saturday, November 02, 2002

SEBI well-armed
THE GOVERNMENT'S MOVE to strengthen the regulatory powers of the Securities and Exchange Board of India (SEBI) is welcome and long overdue. The lack of search and seizure powers has been an impediment in cracking down on capital market offences ... More

ECONOMY

Two errors in the fiscal domain
Successive Budgets over the last few years have overestimated the effects of the reforms, with the estimates, year on year, being above the actuals. As a result, fiscal deficits are soaring, inequalities rising, and governments borrowing more and mor e. Conservatism in financial estimation is best for the country, for we would then be making realistic forecasts. It is better to be pleasantly surprised than bullishly disappointed, says P. R. Brahmananda. More

PETROLEUM

Economics is key to policy on fuel blends
A policy on blending of fuels to meet emission standards should not only factor in the relative technical merits but should balance all considerations, including the relative economics, to maximise the benefits to the nation. More

TAXATION

Cessation provision
Mohan R. Lavi on an apex court judgment interpreting Section 41(1) of the I-T Act on the taxability of liabilities that cease More

The doubt remains
R. Anand says the question of allowability of provision for doubtful debt continues to be a much-debated issue More

Undivided succession
T. C. A. Ramanujam on how, through succession, HUFs can continue to survive More

CREDIT POLICY

The mumbo-jumbo from Mint Street
THE mid-term review by the RBI Governor, Dr Bimal Jalan, of the Credit Policy does not make an ideal bedtime read. It is too full of percentages and projections, of assumptions and observations. But it has become all too common for some to ... More

ALTERNATIVE MEDICINES

Holidays for mind and body

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