Financial Daily from THE HINDU group of publications
Saturday, February 16, 2002
Markets (Feb. 15)
BL 2501126.34 (+7.88)
BSE Sensex3602.02 (+44.96)
S&P CNX Nifty1159.95 (+9.95)
Dollar (Buy/Sell)48.65/48.78
Gold Std (10gm)4970 (+30)

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OPINION

EDITORIAL


Fungibility fears, hopes
THE DECKS ARE clear for overseas investors to trade in the stock markets here against the depository receipts of Indian companies they hold. The RBI has issued the regulations under the Foreign Exchange Management Act, and the Government ... More

ECONOMY


What should the interest policy be?
AS Budget day approaches, speculation is rife regarding the interest policy to be announced by the Finance Minister, Mr Yashwant Sinha, and the Reserve Bank of India. The corporate sector has been demanding a further cut in interest rates. The Y. ... More

Development and growth
THAT "growth" is not always "development" has been known for some time, and the debate continues to rage about how to translate the former into the latter. As everyone knows, this is easier said than done, witness the poor results that have ... More

Taming revenue deficit: The acid test
BRINGING the economy on to a 7-8 per cent growth trajectory and reviving the economy will prove a tough task for Budget 2003. This target would warrant the ruthless direction of resources from undesirable revenue expenditures to capital ... More

TAXATION


The transfer mix-up
T. C. A. Ramanujam analyses a recent Gujarat High Court decision which highlights the dichotomy between corporate and tax laws in treating transfer by subsidiary companies. More

`Dirty Dozen' tax traps
As the tax-filing season begins in the US, schemes are launched to beguile the unwary. The IRS lists the commonly used tricks. More


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In Depth
Inside Kashmir
Guide to derivatives
US-64
Looking back
Feb. 3-Feb. 9
Sorry state

RBI Report on Currency and Finance, 2000-01 -- Policy-makers vs econometricians


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