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Sunday, March 03, 2002

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CAPITAL VIEW


With perks, tax-free salary is possible too
ONE does not have to take up a job with a company headquartered in the Bahamas or in Saudi Arabia to savour the satisfaction of a tax-free salary. A similar arrangement could well become the norm if Mr Sinha's Budget proposals are carried ... More

EYE ON THE MARKET


As India Inc is pampered: Savers sweat
THE policy framework is becoming so focussed on cutting interest rates without the necessary economic framework that it appears wholly dictated by the incessant demands of India Inc. Increasingly, things are becoming difficult for savers. The ... More

TAKING COUNT


Large deficits mean higher taxes
ECONOMIC reality does not completely conform to economic theory. There are always deviations from the theoretical framework. However, in India, the theoretical prognosis of the implications of large deficits has now been borne out by facts. The ... More

SIMPLE ECONOMICS


Savings vs consumption
THE 2002-03 Budget has made it less attractive to save. You will receive only a 10 per cent tax rebate, instead of 20 per cent earlier, if you invest in small savings/life insurance, and only if your income is less Rs 5 lakh. This has prompted ... More

TAX TALK


Guideline value for computing capital gains
Losses arising on the transfer of short-term capital asset may be set off against long-term capital gains and vice-versa. The loss, if any, which cannot be so set off shall be carried forward and set off against income under `capital gains'. More

Returns and assessments
UNDER Section 139(1), every person whose income exceeds the maximum amount not chargeable to tax is required to furnish a return within the due dates stipulated by the Section. It is proposed to insert a new sub-section (1A). By virtue of this ... More

SMALL INVESTOR


`No incentive to invest or save' — Mr Arun Kejriwal, Director, KRIS
EXTREMELY disappointed with the Finance Minister for hitting the middle classes hard, Mr Arun Kejriwal, Director, KRIS (Kejriwal Research and Investor Services), expects some rollback on dividend tax, a measure that is bound to ... More

IN FOCUS


Allowing RIL to bid for IPCL -- Why the Govt is wrong
THE proposed merger of Reliance Petroleum with Reliance Industries is likely to ignite afresh the controversy over whether the latter should be permitted to bid for the privatisation of Indian Petrochemicals Corporation Ltd (IPCL). The Government ... More

FD WATCH


HUDCO: Shelter for seniors
HUDCO'S fixed deposit programme is suitable for risk-averse investors, especially senior citizens. Deposits of up to three years can be considered. The longer-end tenures can be avoided due to the lower incremental returns offered and a possible ... More

FUND WATCH


Tax-savings schemes -- Visible lack of interest
THIS is time of the year when investment for tax saving purposes is at significant levels. But tax savings schemes of mutual funds seem to be totally out of the reckoning, not only in the last two months but for much of 2001-02 as well. This is ... More

COMMENT


Budget: Unintended consequences
WHEN mutual funds were favoured in earlier years by the Finance Minister, there was an unintended positive consequence for the government. Inflows were diverted from the banking system into mutual funds. The implication was that monies were ... More
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Top Stories
Small savers slammed


With perks, tax-free salary is possible too

Hammered on rebate and dividends

Henkel SPIC: Hold/Avoid fresh exposures

Sensex February contract volumes down

Book profit in Hindustan Lever

Allowing RIL to bid for IPCL -- Why the Govt is wrong

In Depth
Inside Kashmir
Guide to derivatives
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