The Hindu Business Line : Saturday, February 25, 2006

ON A NEW TRACK
Presenting his third Railway Budget, Mr Lalu Prasad must be aware that as Railway Minister he is presiding over momentous changes in the way the network has operated all these decades. For the second year in a row the Minister has unveiled a ... More

TAXATION

Finer points in a ship's final journey
There's many a slip `twixt the cup and the lip. Looks like ships too aren't immune to such slips. Between their journey for breaking, and the final process of disintegration, as one saw in the case of Clemenceau. You may remember how it was the ... More

A formula that needs fixing up
STRANGE and funny denouements could be in store for both investors and the Income-Tax Department from the following two sub-sections to Section 49 of the Income-Tax Act, 1961 in the context of prescribing the mechanism for unbundling the cost of ... More

Will the Budget provide relief to sick companies?
We need a law that deals adequately with the contingency of financial institutions falling sick because of non-performing assets. More

Missing planes and tanks
A story dated February 10 on www.sitnews.us by Lisa Zagaroli of McClatchy Newspapers is about Pentagon's bookkeeping problems. According to estimates from the Government Accountability Office (GAO), "accounting problems would cost ... More

RAILWAY BUDGET

Pulling its weight for the economy
While the Rail Budget acknowledges that in a competitive market success comes not by raising tariffs, but raising the quality of services and reducing costs, it is silent on how to sustain freight and passenger traffic levels. As a key infrastructure support behemoth, the Railways must set out a long-term road map if it is to help the economy maintain its speed, says RAGHU DAYAL. More

Lalu on a new corridor
Putting cargo haulage at the centre of his Budget, the Railway Minister, Mr Lalu Prasad, has proposed a dedicated freight corridors project that will usher in an era of low-cost transport. More