The Hindu Business Line : Friday, January 14, 2005

Flutter over FII flows
THE MAJORITY OF market participants would be entirely justified in thinking that the Reserve Bank of India Governor, Dr Y. V. Reddy, was actually placing certain policy options before the Government on the question of portfolio investments by ... More

COURTS/LEGAL ISSUES

Went up the hill to fetch a bail
CASES pile up not only in courts but also in news bulletins; and advocates file appeals for bail without fail. Courts hear arguments, and grant temporary respite and conditional freedom, even as there are fears of fresh ... More

TAXATION

National Tax Tribunal — Supplementing, or substituting, High Courts?
With the establishment of the National Tax Tribunal, all matters pending in appeals under the direct and indirect tax laws before the High Courts will stand transferred to the Tribunal. While many of the objects of the proposed body mark a welcome de parture from present practice, some of the provisions that may cause hardship to the appellants need fine-tuning. More

`VAT is equitable with least distortion on resources' — Dr Raja Chelliah, Chairman, Madras School of Economics
AS THE preparatory process for Union Budget 2005-06 has already begun with the Finance Minister, Mr P. Chidambaram, holding the customary confabulations with various players of the economy, hope runs high that the the ... More

MANAGEMENT

Customer rage
CONTRARY to the belief that competition brought on by liberalisation and globalisation will mean a paradise on earth for customers, customer rage — an addition to the lexicon along with road rage and runway rage ... More

FOREIGN INSTITUTIONAL INVESTORS

FII flows and RBI's dilemma
The real worry for the RBI vis-à-vis foreign institutional investments is that it cannot monitor capital flows, and, that it will not be able to continue with its exchange rate policy, which enables the central bank to intervene to smoothen the volat ility in the currency market. There is, then, the other option of giving up capital account management and moving towards convertibility. This is the dilemma for the RBI that needs to be resolved quickly by the Government, says S. Narayan. More

LETTERS

`Unique' identification

Rehabilitating tsunami victims

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