The Hindu Business Line : Monday, March 05, 2007

FINANCIAL SERVICES
Reverse mortgage: A boon for the elderly
The Finance Minister, in his Budget speech, mooted the concept of reverse mortgage for the elderly. To quote from the document's Paragraph 89: "The National Housing Bank (NHB) will shortly introduce a novel product for senior citizens: a `reverse ... More

ECONOMY
The effects of globalisation on inflation
Blog at: http://SticklishIssues.blogspot.com

EXCISE AND CUSTOMS
Customs: Key proposals
Reduction in the peak rate of Customs duty, imposition of secondary and higher education cess, changes in respect of provisions relating to valuation, refund, payment of interest with regard to recoveries of drawback and the Settlement ... More

TAXATION
Increase in time limits for TP assessment
The provisions of the Finance Bill 2007 have proposed an amendment in the time-frame for completion of assessments, where the cases are referred to transfer pricing officers. Under the present scheme, the assessing officer (AO), in certain ... More

Widening the service tax net
The Budget has widened the service tax net by adding seven new taxable services but also provided some relief through exemptions and simplification. More

Commercial rentals roped in
The Finance Minister, Mr P. Chidambaram, in the Budget had stated that there would not be any change in the corporate income-tax rates. However, apart from the increase in Dividend Distribution Tax and the Minimum Alternate Tax on IT companies, ... More

HUMAN RESOURCES
CAREER CROSSROADS
A project manager at crossroads
I am a Project Manager in a leading software company. in charge of ERP implementation. Basically I am a Mechanical Engineer with about 10 years experience. After working in a light engineering industry for four years, I switched to the ... More

E-COMMERCE & E-BUSINESS
Single portal for e-procurement
Responses to Sticklish Issues dated February 26 More

EVENTS
Just Do IT
A.Manohar - Business Analyst - Global Analytics - manohar at global - analytics.com, A.Meega Prem Anand - Vriddhachalam - meegaanand at yahoo.com, A.Ramalingam - vallalar18 at yahoo.co.in, Adi Jain - adi_519 at yahoo.com, Aditya Jain - Malwa ... More

Number Crunch
More

INCOME TAX
Tax benefit for educating spouse, children
As it is, only the student pursuing higher education can claim interest on education loans as deduction under Section 80E. This condition deterred parents from taking such loans for the benefit of their children. Now, a person would qualify ... More

PEOPLE
Innovation is everything
Mr Balaji Jagannathan was appointed Country Director, India & Sub Continent for Sybase in February 2004. He is responsible for re-establishing Sybase's industry leadership in the region, that includes India, Sri Lanka, Bangladesh, Nepal, Bhutan More

BOOKS
Pay attention to your breath
Take a few minutes off your PC to see if you have enough leg space at your desk. For, in a cramped place, "your legs may develop veinous problems and sciatic pain along the sides," writes Bharat Thakur in Desktop Yoga, from Wisdom Tree ... More

Look up the wrong word
Bazaar-bizarre, crews-cruise, faint-feint, greave-grieve, knotty-naughty, overseas-oversees, residence-residents... These only a few of the pairs explained in The McGraw-Hill Dictionary of Misspelled and Easily Confused Words by David ... More

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Increase in time limits for TP assessment

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