Economy
RBI may not rush through rate cut
WHILE the financial markets are buzzing with expectations that the RBI may cut the bank rate, Investsmart India Ltd, an Infrastructure Leasing and Financial Services Ltd (IL & FS) outfit, expects the RBI not to rush through its decision.

Taxation
Merge tax on goods, services into VAT: Experts
THE introduction of service tax should ideally be preceded by the preparation of a Uniform Nomenclature, Classification and Coding of services that takes into account all existing services and which is applicable across the country, according to a workin g paper prepared by the Centre for Taxation Studies (CTS), an autonomous institution under the Kerala Government.

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