The Hindu Business Line : Monday, December 30, 2002

Kelkar sticks to his guns
THE KELKAR COMMITTEE on tax reform has, in its final report, quite expectedly stuck to the broad thrust of recommendations made by it in its consultation paper. Thus, it has reiterated its original view that the plethora of incentives and ... More

ECONOMY

Vision 2020 — The power of mobility
The answer to problems of starvation, destitution and unemployment, especially rural, may lie in making people more mobile, says P. V. Indiresan, and suggests organising an extensive and affordable system of cycle-hire. This unorthodox method may not work miracles, but is still worth trying because it promises well, and costs little. More

Gulf War II: Economic consequences for India
With the US' aggressive posture vis-à-vis Iraq, there is real and growing danger of a conflagration that could have serious economic and political consequences for India, the US and the world. India, in particular, will be hit hard as crude pr ices will go through the roof, making the essential imports exorbitant. One can only hope, therefore, that the New Year will see positive developments on the Iraq-US relationship. More

POLITICS

Ending inspector raj?
AT the Platinum Jubilee celebrations of the Federation of Indian Chambers of Commerce and Industry, the Prime Minister, Mr Atal Bihari Vajpayee, directed a broadside at the long-persisting stranglehold of systems, procedures, rules and ... More

TAXATION

Kelkar panel explains logic of its proposals
THE Consultation Paper of the Task Force on Direct Taxes was made available on the Web site of the Ministry of Finance and Company Affairs, inviting comments and suggestions of all concerned. A panel has attempted to distill the major themes ... More

REGULATORY BODIES & RULINGS

Listing authority high on agenda
A SEBI-sponsored committee had recommended the setting up of the Central Listing Authority, now high on the agenda of SEBI and the Finance Ministry, to bring about some uniformity in scrutinising listing applications and to take a look at the listing agreements periodically. The idea was to stop those fly-by-night operators who could list on one of the smaller stock exchanges after being rejected for listing at a bigger bourse. Hapless retail investors tooka hit due to the inconsistent applicati on of the listing rules during the last decade. More

ECONOMIC OFFENCES

Reforming corrupt practices on Wall Street
IN an interview on a television channel about two weeks ago, Mr Jack Welch, the former CEO of GE was asked for his reactions to the scandals in corporate America. Mr Welch replied that we should not judge the corporate world based on the ... More

LETTERS

Rebate for savings

Educate public on VAT

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