The Hindu Business Line : Saturday, June 17, 2006

EDITORIAL
Access closed
Electricity regulators must enforce their orders on open access, third party sale and purchase of power from captive plants. More

TAXATION
Can the taxman outsource?
Legality of hiving off assessment-related work More

Make VAT rates flexible
Diversion of trade is generally commodity specific More

Sandwiched between law and commonsense
A newsy case to munch this week is a catering question concerning the BBC, that came up before the Supreme Court of Judicature Court of Appeal (Civil Division), UK: HM Revenue & Customs vs Compass Contract Services UK Ltd. The story ... More

Time limits for claiming benefits
Enforcing compliance is a major problem for the Income-Tax Department. Only about 3 per cent of the population files I-T returns. And the regular filers take their own time to comply with the law. Penalty cannot be resorted to in each and ... More

ECONOMICS
Reading the tea leaves amidst storm in the stocks cup
"Investing without understanding the economy is like planning a beach trip without checking the forecast," alerts Richard Yamarone in The Trader's Guide to Key Economic Indicators. Over the past century, thousands of indicators have emerged, includin g even the fun ones such as the Super Bowl result, and the level of women's hemlines. Yamarone identifies twelve `must-haves in any analytical toolbox'. Ideal read over the weekend to hone your market skills, says D. MURALI More

INTEREST RATES
An `interest'ing US is draining for India
Foreign investors have exited Indian markets to avail themselves of the American bonanza More

ECONOMIC OFFENCES
Modern-day Hydra
Corruption, particularly in India, is compared to a `Hydra,' as its manifestations are many — venality, favouritism, fraud, perjury and so on. And the guilty are found to be from various sections of ... More

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Looking back
Jun. 4-Jun. 10
A crash course in the market

Grains of failure

Cement prices — Leave it to the market

Seven reasons for the Sensex rampage

No-frills bank accounts: Financial inclusion is good economics