The Hindu Business Line : Saturday, November 04, 2006

FOREIGN RELATIONS
Cutting the Iraqi Gordian knot
US must think the unthinkable
All signs are that the US is preparing for a U-turn in Iraq. It is no longer keen on sticking to its "stay the course" policy and is ready to look at new options. It will be statesmanlike for the US to admit its mistake, and make amends by involving Saddam Hussein in negotiations for a voluntary and graceful retreat. It is not as unthinkable as it seems, says B. S. RAGHAVAN. More

EDITORIAL
No great prospects
More than prospecting concessions abroad, getting oil majors in could ensure the country's energy security. More

ECONOMY
`Further reforms, key to India's role in global economy'
The pace of the country's integration with the global economy has been slow, but the question of integration has somewhat been answered by India's global corporate presence, which can further improve by more reforms. DR ANDREW FRE RIS, CHIEF ECONOMIST, ASIA-PACIFIC, BNP PARIBAS. More

TAXATION
Extension of return filing date — Giving time without grace
Though `holidays' were the reasons given for the extension of returns filing date, it is more a case of the system not being able to take the load. More

Negligence in the exercise of statutory powers
At present, there is no effective mechanism to monitor how officials pursue a matter in a show-cause notice or appeal. More

Sine qua non to get DTAA benefits
The principle of double taxation avoidance is simple, but its interpretation is often tricky More

The worry Zone
Section 10AA of the Income-Tax Act, 1961 ushered in by the Special Economic Zones Act, 2005, along with a few other Sections, confers a 15-year tax holiday for units located in Special Economic Zones (SEZs) with the first five years allowed 100 ... More

TRADING
Capital clamp-down
The unseemly events in the capital in the wake of traders' protest against sealing of their premises and the three-day hartal show up the country as "a noisy democracy," warts and all. It appears that ... More

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Top Stories
Wildlife slipping from the wild

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Cement majors' sales grow 10 pc

Inflation: `No need to revisit monetary policy'

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Details display made mandatory for PDS vehicles

Satyam tops outsourcing vendors

More demand for home loans in non-metros

Looking back
Oct. 22-Oct. 28
Why it is going to be the Indian Century