The Hindu Business Line : Friday, January 24, 2003

VAT, a dilemma
THE CENTRE'S DECISION to retain the Additional Excise Duty (AED) on textiles, sugar and tobacco even after the introduction of a regime of value added sales tax by the States is certain to pose a policy dilemma for the States. On the one hand, it ... More

CEMENT

Graim and L&T shareholders — One man's meat is another's poison
IN MID-2002, L&T announced that its cement business (16 million tonnes in terms of volume, contributing approximately 30 per cent of last year's turnover) would be de-merged into a separate entity. The company invested more than Rs 4,500 crore ... More

ECONOMY

India's problem is... Too little, not too much, globalisation
India has too little foreign trade and investment vis-à-vis its potential because it lacks the necessary physical and social infrastructure. If agricultural production were guided by international prices, it should have produced (and e xported) much more fruits, vegetables and flowers rather than foodgrains, which are rotting in FCI godowns, says Alok Ray. More

Fiscal 2020
THE President, Mr A. P. J. Abdul Kalam, created waves by his book India 2020. The former Director of the Indian Institute of Technology, Chennai, Mr P.V. Indiresan, is coming out with a series of articles in Business Line under the ... More

POLITICS

Thermobaric bombs and hellfires
I WATCHED the last Gulf War from a safe distance — on television. That was when the Chicken Noodle Network became the powerful CNN. They had their cameras all over Baghdad and we watched Scud missiles whizzing past windows, taking the ... More

GOVT BONDS

Retail trading in bonds — Why it does not make economic sense
Retail trading in government bonds does not serve much economic purpose. Introducing zero-coupon bonds instead will lead to faster development of the bond market. More

INTERVIEW

`Competition in rating agencies is counter-productive' — Mr P. K. Choudhury, Managing Director, ICRA
The free play of market forces in this era of globalisation ushers in competition. Consumers welcome it, as it means quality products or services at a price cheaper than before. But does this hold true for all industries and services? No, ... More

LETTERS

Uniform civil code

Insurance sector

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