The Hindu Business Line : Saturday, April 12, 2003

Rail safety on paper
THE WHITE PAPER on rail safety, tabled in Parliament, marks the fulfilment of a commitment made by Mr Nitish Kumar. But the Railway Minister must realise that ultimately he will be judged by the people by how much he achieves in his quest for ... More

ECONOMY

Fiscal prudence — Centre must lead the way
Fortunately for the RBI, unlike the Centre, the States do not have unlimited access to its resources. The RBI can stop payment to the States when they cross the overdraft limits. But the Government must realise that fiscal profligacy at the Centre ca nnot co-exist with austerity at the State level, says N. A. Mujumdar More

POLITICS

Ends and means
FRIDAY'S PAPERS had this statement from the French President, Mr Jacques Chirac's office: "France, like every democracy, welcomes the fall of Saddam Hussein's dictatorship, and hopes there will be a rapid and effective end to the fighting". In ... More

Iraq war: India must look within
The Iraq war can herald the revival of a multipolar world. There will be a corresponding increase in the ability of countries such as India that are less dependent on the US economy. The decline in the Indian economy will be less relative to others. However, these long-term favourable results will come only if the Government adopts such an inward-oriented policy pro-actively. More

TAXATION

Criteria wise, cost foolish
Pettifogging tax policies affects the Government's image, says T. N. Pandey More

STOCK MARKETS

An appointment with `disappointment'
THE DARLING of the bourses, Infosys, announced its yearly results and the market crashed because the company did not perform as expected. Though Infy posted a net profit for the latest quarter showing a rise of about 25 per cent compared to the ... More

INCOME TAX

Is `life' ebbing away
Tampering with insurance benefits, as proposed in the Finance Bill, 2003, appears unfair, says T. C. A. Ramanujam More

Extension intention
Is `extension' an umbrella term, asks S. Murlidharan More

Banking on faith
R. Anand on the welcome changes to the TDS regime on self-declarations More

Tax havens may go on for ever
K. Srinivasan on whether there would be scope for hawala transactions under cover of transfer of shares More