The Hindu Business Line : Saturday, March 20, 2004

EDITORIAL
Book-building, not the best bet
FOR HAVING BROUGHT in more money than budgeted, the divestment of the Government stake in six blue-chip public sector units must be reckoned a success. More so, because the issues were bunched together and the amount mopped up was by far the ... More

PETROLEUM
High oil prices would hit Indian economy
Crude prices are rising on the back of low stocks in the US, political tensions in Venezuela, the third largest producer of OPEC, and the Madrid bomb blasts. With overwhelming dependence on imported oil, the high international prices would add to inf lationary pressures, particularly with the deregulation of domestic prices of transportation fuels, and does not bode well for India, says Paranjoy Guha Thakurta. More

POLITICS
The poll cauldron
IF THERE is any one constant factor in the run-up to an election it is the poor quality of logic used in campaign arguments advanced by the players in the fray. Every political party lambasts its challenger with ... More

TAXATION
A case of two views and no penalty
T. C. A. Ramanujam on a case that dealt with penalty imposition in a protective assessment More

In the `interest' of justice
R. Anand discusses a confrontation between an assessee and I-T authorities More

Points to care if you have money to spare
Ingrid Srinath on making charity with a tax angle in mind More

Miles to go and promises to keep
T. N. Pandey looks at the ethical dimension of promising income-tax benefits as election baits More

`Caves' and `shrines' are not buildings but plant!
THE primary question in the Navodaya case which the Kerala High Court took up was whether the assessee's studio was plant or building. The I-T Department wanted to classify the studio as building. George K. George, ... More

WTO
Exclusive Marketing Rights — A monopoly without a right?
THE grant of Exclusive Marketing Right (EMR) to Novartis ("Exclusive Marketing Rights — Novartis gets stay against 6 firms", Business Line, January 24) and the delay in granting EMR to Eli Lilly ("Eli ... More

BOOKS
A solvent country can have an insolvent government
WHEN THE going is good it is time to strengthen our defences. From that perspective, Managing Currency Crises in Emerging Markets from the National Bureau of Economic Research (www.nber.org) should make ... More

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