Financial Daily from THE HINDU group of publications
Saturday, July 19, 2003
Markets (July 18)
BL 2501293.42 (-15.05)
BSE Sensex3647.58 (-21.33)
S&P CNX Nifty1140 (-12)
US Dollar (Buy/Sell)46.22 (46.34)
Gold Std (10 gm)5270 (-10)

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OPINION

EDITORIAL


RBI wakes up
AFTER DISMISSING THE telltale pugmarks of arbitrage by foreign debt funds on Mint Street, the Reserve Bank of India has acknowledged their existence by capping interest rate on NRE deposits to 2.50 percentage points above Libor. A one-year ... More

COURTS/LEGAL ISSUES


EXPARTE
Are you joking, your honour?
ACCORDING to an anecdote, Diogenes went to look for an honest lawyer. "How's it going?" someone asked. "Not too bad," answered Diogenes. "I still have my lantern." You can substitute `jovial judge' for `honest lawyer' and the conversation may ... More

POLITICS


MCPs in politics
THE indisputable upshot of the latest round of deliberations on the Bill on the reservation of seats in the Lok Sabha is that, by and large, Indian politicians can be described as "male chauvinist pigs" (in the ... More

TAXATION


Applied well and taxed
A recent High Court ruling should set at rest the controversy over the taxability of interest earned by companies on excess share application money, says T. C. A. Ramanujam More

A case of interest
R. Anand looks at a case where interest payable morphed into subsidy More

BEYOND BORDER
E&Y faces more tax shelter headaches
THE Internal Revenue Service of the US is doing its best to keep Big Four firm Ernst & Young in the news this summer. The federal taxing agency is investigating a particular shelter devised and marketed by E&Y. Millions ... More

ECONOMICS


Economic crime is always viable
THERE is a school of thought that is so anti-economics as to consider economics a crime and that economists perpetrate the worst of crimes. When considering some of the costliest blunders that economists have helped ... More

PUBLIC SECTOR BANKS


34th anniversary of bank nationalisation — PSBs: A complete makeover
The future of nationalised banks hinges on their ability to build good quality assets in an increasingly competitive milieu while maintaining capital adequacy and prudential norms. Consolidation, to enhance managerial efficiency, and competition, to transform customer service, are the key factors that will impact nationalised banks, says Dharmalingam Venugopal. More

INCOME TAX


Pay some, some more, but keep some
Why is there no TDS on interest paid on tax refunds, asks T. N. Pandey More

The discretionary slick
S. Murlidharan argues for one tax code for the oil industry rather than have rules on a case-by-case basis More


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Top Stories
Widespread rains may boost fertiliser offtake — But Q1 figures tell a different tale


FICCI calls for review of new Companies Bill

BSE to place 2,260 scrips on IndoNext

TCS leads in software export: Nasscom

Sensex to go free-float way

India's exports in 2002-03 grow 19.18 pc

IOB net up 90 pc in Q1 — AGM okays fresh issue of shares

In Focus
The Cable tangle
Pakistan Diary
Indo-Pak Monitor
Indo-China Relations
Telecom Competition

In Depth
In Kashmir
Simple Economics
Slowburn
Tax Talk
NRIs & Investment Avenues
Corporate Governance

Looking back
Jul. 6-Jul. 12
Why SEBI should permit short sales

Belling the corruption cat that has nine lives


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