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EDITORIAL
Leveraging the small
The challenge is to design a combination of performance and cost that defies ancient managerial dogma. More

ECONOMY
The many Galbraiths
To some he was an academic in the classical mould who enjoyed delivering his brand of economics from the exclusive Harvard pulpit — the lofty perch seemed to make him the economists' economist; to others ... More

TAXATION
Windmills gone with the wind!
Who would not have read about Don Quixote de la Mancha, in Miguel de Cervantes' famous work! Of relevance to our story is chapter VIII, which you can read on www.online-literature.com. `At this point,' the hero and his squire `came in ... More

Advertisement defined
In relation to advertisements, service tax is levied on two services — that of the advertising agency and on space selling (introduced w.e.f. May 1). The word, `advertisement' is defined in Section 65(2) of the Finance Act, 1994, and ... More

Transfer Pricing Law — Not tightened enough, yet
With the new amendment, the Transfer Pricing law has become more stringent, nevertheless much more remains to be done in terms of regulating the profits of multinational enterprises. More

Parts not spared
Budget 2006 added to the Third Schedule of the Central Excise Act the 100th item (but is yet to be notified though passed in the Finance Act, 2006 — Section 66[b]). It covers parts, components and assemblies of automobiles falling under any ... More

ECONOMICS
Gears that move the innards of growth
Three books by Indian writers chart the course of economic growth in the country, looking at it from various angles — the sources of growth, growth theory and macroeconomic policy. Interesting and informative reads, says D.MURALI. More

LETTERS

Top Stories
Copper to remain volatile: Sterlite Ind

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