The Hindu Business Line : Saturday, June 07, 2003

A bottled proposal
THE RETAIL LIQUOR trade can heave a sigh of relief that the taxman's scrutiny would be at least another three months away. This follows the Government deferring the implementation of a law requiring the wholesale distributors of ... More

POLITICS

Charade at the top
ONCE more the nation is being presented with the spectacle of the top leaders of the BJP and the NDA Government engaging in shadow-boxing, which, to put it mildly, is not doing the people any good at all. The shenanigans involving the BJP ... More

POWER

Will it be an electrifying act?
Enacting a new law alone is not going to change the ground reality in the power sector. Clearing the accumulated reform backlog and wiping out the SEBs' staggering losses will call for some hard and politically unpalatable decisions, says S. D. Na ik. More

TAXATION

Cheats, kickbacks and the exchequer
T. C. A. Ramanujam discusses a case on the taxability of tainted money More

SERVICE TAX
Setting store by services
Mohan R. Lavi sizes up the service tax regime More

BEYOND BORDERS
Evasion vs avoidance
THE professional services firm KPMG LLP (UK) has called a fresh debate over the issue of tax avoidance by business. It follows recent claims by the Inland Revenue and Customs and excise that some large companies are increasingly using illegal ... More

ECONOMICS

You could turn pinker when economy turns turtle
WHEN economy takes a beating, incomes fall, margins get squeezed, parties are fewer and pink slips float around. However, "mortality decreases when economy temporarily deteriorates". This is the theme of a working paper from the National ... More

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