Financial Daily from THE HINDU group of publications
Tuesday, November 19, 2002
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Financial Daily from THE HINDU group of publications Tuesday, November 19, 2002 |
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OPINION EDITORIAL Nedungadi lessons LOOKED AT ANYHOW, the RBI had no alternative but to get Punjab National Bank (PNB) to operate Nedungadi Bank, that had been run down by a pack of Mumbai-based brokers. A moratorium followed by a takeover of Nedungadi Bank had to happen to halt a ... More ECONOMY Japan: Down but not out ON the face of it, the Japanese economy looks deflated. If we go by economic indicators, such as mounting bankruptcies, rampant unemployment, falling prices and eroding corporate profit, it might even appear to be in shambles. But the long ... More FOREIGN TRADE Regional focus to step up trade Greater regional integration has been proposed as a panacea for improving the trade prospects of India and other countries in South Asia. It is believed that regionalism should play a lead role among the countries, and the concept of Sapta and Safta should complement each other. India's trade policy must further the cause of regional co-operation towards development of its external sector. More TAXATION 
In defence of KelkarBy placing greater disposable income in the hands of the taxpayer, the Kelkar proposals have put him in the driver's seat on his savings and investment decisions. And the options today, are much wider with capital market reforms in debt and equity ma rkets. Any reform that puts the taxpayer back in charge, points out Asha Ram Sihag, cannot be dubbed anti-middle class. More INCOME TAX Kelkar report — More woes for salaried, aged The Kelkar report's summary suggestion on scrapping standard deduction ignores the fact that salaried employees are the most tax-compliant; tax realisation from them is prompt and total, with the least cost. Other proposals hit the already-suffering senior citizens. The pressing need of the day, however — broad-basing the taxpayer population — is an aspect the report is strangely silent about. More LETTERS Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Depth Gender Justice Simple Economics Small Investor Looking back Nov. 10-Nov. 16 Do we really need a water regulator? What ails cooperative banks? Glimmer of peace in Sri Lanka River water disputes — Wanted, a body to keep the flow Kelkar report: Flawed `n' faulty |
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