The Hindu Business Line : Saturday, August 21, 2004

EDITORIAL
Fertilisers impasse
THE STAND-OFF BETWEEN the fertiliser industry and the government on the issue of pricing of inputs needs to be resolved before it can inflict further damage on the farm sector. Production of phosphatic fertiliser for the ongoing kharif season is ... More

ECONOMY
The price hang
THE formation of the Cabinet Committee on Prices is the clearest indication that the price issue has become an important matter for the Manmohan Singh Government. Among other things, it is a departure from the past ... More

TAXATION
A solid case of fluid laws governing unstable gases
EXCISE Tribunal members in New Delhi had to contend with much gas when the Gas Authority of India Ltd (GAIL) case was before them. The question was whether natural gas liquid (NGL) produced by the company was ... More

Corporate sector deserves better treatment
The corporate tax regime has to spell stability, says R. Anand More

What's been earned by the unearned
Investors never had it so good, says S. Murlidharan, commenting on the securities transactions tax proposal More

A missing `intent' that is causing tension
T. C. A. Ramanujam on the bothersome omission of criminal intent in the proposed Section 277A More

STOCK MARKETS
Fine line between traders and investors
Following the controversy generated by the proposed securities transaction tax, the proposal has now been revamped to distinguish between different categories of intermediaries. While the guidelines help determine the taxability based on whether it i s a normal business or a trade transaction, some fine-tuning must be done to the new Section 111A to prevent litigation, says H. P. Ranina. More

BOOKS
Moral science for those who can read the market signs
COME September, trade equations will change even as markets take a few more baby-steps towards freedom. "No, we are only plunging into free-doom," protectionists would argue. Rather than take sides in the debate, I ... More

CARTOON
Sticklish Issues
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