The Hindu Business Line : Wednesday, March 23, 2005

Reverse mortgage, forward security
To save for retirement, people have to become better at guessing how much they need and how long they will live. Both guesses are tricky. Most people underestimate their longevity and financial needs. Reverse mortgage overcomes a significant part of these problems. It spurs economic activity, provides security and retains the principal flavour of a defined-benefit scheme, say G. Ramachandran and Praveen Kumar Grandhi. More

EDITORIAL

Cracks in VAT system
WITH ONLY DAYS to go for the April 1 deadline, it is strange that the Chief Ministers of the BJP-ruled States should decide against implementing a value-added system of sales tax (VAT). They base their opposition on the ground that there is as ... More

POLITICS

Bad beginning
THE US Secretary of State, Dr Condoleezza Rice, and, indeed, by implication, the US President, Mr George W. Bush, have started their innings with India, in the latter's second term, on an inauspicious note that does not ... More

NATURAL CALAMITIES

The economics of tsunami relief
The governments of States hit by the tsunami tragedy have made their own subjective assessments of the damage caused and have asked for special assistance. If fully met, the funds would cover not only the damages but also some of the pending projects entirely unconnected with the calamity. Also, it would be better to assess the real needs of the survivors and make provisions for their resettlement, apart from ensuring that funds raised for rehabilitation are used for the right purpose. More

LETTERS

Significance of FRBM Act

Steel price rise

`Drop boxes' in banks

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