The Hindu Business Line : Saturday, September 07, 2002

A tepid cup
THE OUTLOOK FOR the tea industry continues to be uncertain. Several tea companies have skipped dividend for 2001-02. Although auction price levels have improved over the past three weeks, the average realisations remain far from remunerative ... More

ECONOMY

Falling income velocity, rising money multiplier — A worrying paradox
ACCORDING to monetary policy, the Reserve Bank of India has to operate through the variations in reserve money to influence changes in the money multiplier. By influencing the rate of interest, especially in the short run, it influences the ... More

ENVIRONMENT

Earth Summit: A balance sheet
Opinion is divided on what the Earth Summit in Johannesburg achieved. Developed countries pushed their WTO agenda on issues such as labour standards and eco-labelling. Developing countries responded by pressing for removal of trade-distorting subsidi es for agriculture in the North. The two sides fought to a standstill and the finally-agreed formulations are marginal departures from the trade agenda agreed in Doha, says C. Dasgupta. More

TAXATION

Are green thumbs sore thumbs?
It is time the exemption for agricultural income was removed, says T. C. A. Ramanujam More

Simple answers to complex questions
AN interesting `special report', Tax simplification — Issues and options, appears in Tax Notes, dated a day before the WTC towers were hit. William G. Gale of Brookings Institution is the author of the report. His intro ... More

Anomalies in the advance tax regime
ADVANCE tax is a globally well-known concept. In India, the Income-Tax Act makes it compulsory for every taxable assessee to pay income-tax in advance on the income of the current financial year. However, no advance tax is payable if the tax ... More

`Due' basis needs due thought
S. Murlidharan argues the case of unpaid Bihar employees More

DISINVESTMENT

Politics of disinvestment
IT IS some relief that the BJP, as a party and as a partner in the NDA coalition led by Mr Atal Bihari Vajpayee, has chosen to defend the Government's current line on disinvestment, especially given the views expressed by the new Samata Party ... More

INTERVIEW

`We are not in this struggle for the pleasure of Pak' — Mr Abdul Gani Bhat, Chairman of the Hurriyat Conference
If a serious attempt is made by India and Pakistan to solve the Kashmir dispute, it could be done through dialogue and even without plebiscite, says Mr Abdul Gani Bhat, Chairman of the Hurriyat Conference, in an interview given to Business ... More

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