The Hindu Business Line : Saturday, May 28, 2005

A road for private sector
THE COMPLETION OF the 90-km Jaipur-Kishangarh road under the National Highway Development Project marks an important milestone in the country's road development programmes. For several reasons. It is the first six-lane Build-Operate-Transfer toll ... More

TAXATION

A timely note by ICAI
Mohan R. Lavi on guidance note by Institute of Chartered Accountants of India on VAT. More

There's no justification for things to be complex when they could be simple
ON MAY 5 the Delhi High Court gave its decision in an out-of-the-ordinary case: Central Warehousing Corporation case versus Secretary, Department of Revenue, Ministry of Finance, Government of India; Chairman, Central ... More

Let's not mistake change for progress
Income-tax law is increasingly about levies on what is not necessarily income, says T. C. A. Ramanujam More

Laxity in tax compliance
T. N. Pandey discusses a recent CAG report. More

DISINVESTMENT

BHEL disinvestment
FUNDAMENTALLY, EVERY policy decision taken by the UPA Government must draw its sustenance from the Common Minimum Programme (CMP) adopted by the alliance partners, the yardstick that has also to be applied to the BHEL partial disinvestment case. ... More

INCOME TAX

Audit objections and reopening of assessment
To allow any assessment to be reopened based on the opinion of the revenue audit or the Ministry of Law or the Central Board of Direct Taxes would mean depriving the assessment orders of their finality. This would introduce a dangerous element of unc ertainty in the administration of a fiscal law, says H. P. Ranina. More

BOOKS

We are using resources 21 per cent faster than Earth can renew them
LAST year the world grew at a `scorching rate' of 5 per cent, steel production crossed the billion-tonne mark, and global grain harvest rose by 8 per cent to over 2 billion tonnes. But the year was the fourth warmest year ever recorded, even as ... More

CARTOON