The Hindu Business Line : Friday, February 23, 2007

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OPINION

FOREIGN RELATIONS
Nuclear Proliferation in a Multipolar World — Iran, North Korea challenge American power
The American misadventure in Iraq, which has exposed the limitations of its military power, has had far-reaching global consequences. Sensing global aversion to American unilateralism and its tendency to arbitrarily describe regimes it dislikes ... More

EDITORIAL
Tax bounty
Lower tax rates do not mean less revenue. Indeed, the data show that low tax rates combined with simplified procedures make for honest taxpayers. More

BUDGET
The price and politics of the Budget
The Budget will have to be non-inflationary in its overall impact. It has to address urgent economic and social priorities without triggering new pressures on the price front. More

Time to simplify tax laws
The tax exemption for long-term securities violates the canon of equity; this is also true of the lower tax on short-term capital gains. The taxing of gains from other assets is discriminatory. In the Budget, the Finance Minister must review the enti re scheme of taxation, especially in the light of emerging Indian MNCs, says T. C. A. RAMANUJAM. More

POLITICS
CURTAIN RAISER
Budget session, a testing time for UPA
The Budget session of Parliament, beginning today (Friday), comes at a trying time for the Congress-led United Progressive Alliance Government, which is three-fifth through its term. Though the Samajwadi Party, with some 40 Lok Sabha members, ... More

TERRORISM
Tracing source of terrorist funds
The to-do in the media following the mention by the National Security Adviser, Mr M. K. Narayanan, at the Security Conference at Munich on February 11, of the likely sources of funds tapped by terrorist ... More

ROADWAYS
Right way to introduce fuel economy standards
"Tougher average fuel economy standards are essential for significantly increasing new vehicle efficiency across the fleet. Current fuel economy standards should be averaged for each category and set. ... More

LETTERS

Fighting corruption

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Top Stories
Essar to set up steel plant in the Caribbean

It's high time individual taxpayers got relief

illycafe plans rollout of licensed chain in 6 months

UCO Bank begins moving recap bonds into SLR slot

Mango growers join hands to gain more value

Shifting crude output may create price risk

Drought may hit cardamom crop

Developers carving a new `asset' class for super-rich

ONGC contests decision on KG gas discovery

Looking back
Feb. 11-Feb. 17
India Inc on a buying binge

The multibillion-dollar questions

Inflation targeting — Address the supply-side constraints too