The Hindu Business Line : Friday, November 07, 2003

Lotteries: Regressive taxation?
Do lotteries constitute a regressive form of taxation that ruins the poor? Those who play them are generating funds for projects that benefit the public, without tax rates having to be hiked. But, as most lotteries are played by people who can least afford to spend a substantial part of their income on them, why cannot the government ensure economic security without taxing the poor? More

OUTSOURCING

Outsource or perish!
OUTSOURCING is being viewed by politicians, legislators, media and the public in the US as an unmitigated evil. Even academics who ought to know better have been denouncing it as the cause of layoffs of American ... More

EDITORIAL

Flawed logic
THE SECURITIES APPELLATE Tribunal has redefined when insider trading is punishable. And it could well render impossible the task of nailing the offenders. That is because SAT insists that the insider ought to have had unfair advantage or profit ... More

CREDIT POLICY

What the Credit Policy has ignored
The Credit Policy lacks action or pronouncement. Last year's GDP growth was sub-5 per cent and now there are projections for 7 per cent. The monsoon has been good; this could not have been built into the April planning. The stock market surged and forex reserves have bulged at a rate never seen before. Are not these significant enough to call for any policy response? More

TERRORISM

War on terror: The US dilemmas
Afghanistan, Iraq, Pakistan... all represent the difficult challenges facing the US diplomacy in the world today, according to a recent report by a Task Force co-sponsored by the Council on Foreign Relations and the Asia Society in New York. G. P arthasarathy surveys the situation, especially in Afghanistan, and Pakistan vis-à-vis India. More

GENDER

GSP of a different kind
The idea is that better market access for GSPs should lead to women's economic and social empowerment over the long haul. More

WTO

Marrakesh to Cancun... Darwinism in trade talks
THE transformation of the General Agreement on Tariffs and Trade (GATT) into a new avatar in 1995 — the World Trade Organisation — marked a paradigm shift. GATT was primarily about negotiating ... More

ROADWAYS

Don't take it out on the roads
JAIPUR'S image of a city of non-belligerent road-users was dented recently. A minor mishap involving the cars of a bureaucrat and an MLA ended up in a major brawl. This shows that road rage can grip anyone, even the ... More

LETTERS

Corporate governance

FII investment

Open skies

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