After a long time, there is a consultative paper for formulation of new regulations proposing to debate the need to regulate a class of intermediaries from the Securities and Exchange Board of India.

No better teacher than burnt fingers

Business Standard

The Supreme Court on Wednesday dismissed the appeal of MS Shoes East Ltd against the ruling of the Customs, Excise and Service Appellate Tribunal in a case involving duty on the import of a Rolls

SC dismisses MS Shoes` plea

While the government is toying with the idea of increasing the speed limit on highways, Dinesh Mohan says the designing of Indian highways ignores basic principles of safety


Dinesh Mohan: The road to death and injury

The empowered group of ministers (EGoM) has missed an opportunity to take a holistic view of the policy on special economic zones (SEZ). It has merely tried to answer the critics. 


EGoM on SEZs has merely tried to answer critics

Stalin K, the convenor of the Community Radio Forum, tells Archana Mohan about the gaps in the community radio policy, which was implemented in November 2006 after a long struggle by the

`Spread of community radio is too slow`

In accordance with the policy of the government to widen the service tax base, the Finance Bill, 2007, has proposed to bring seven new services in the service tax net. These include renting of

Tax on new services needs a relook

With an increasing number of travelers opting for the Homestay feature while on a Kerala jaunt, the Department of Tourism in the state is charting out a set of guidelines to ensure that the best of

Homestays to be graded in Kerala

The neglect of the judiciary in the recent central and state budgets is a recipe for disaster.


M J Antony: The mirage of financial autonomy

Before Kamal Nath took over the commerce ministry, one could be reasonably certain that major changes to the Export and Import Policy would be notified on the last day of March every year. The

Nath misses crucial deadlines

Governments endeavour to achieve fiscal consolidation through revenue-led fiscal policy is hinged on its ability to counter tax evasion. Consecutive government task forces have concentrated their

Settlement panel: To be or not to be

Q.1 We are a telecom company. We provide network facilities to other telecom companies to enable their customers to have access to the telephone network in Himachal Pradesh. In consideration, we

Interconnection use charge to attract service tax soon

A criminal complaint against a proprietary concern which issued a bounced cheque is different from a similar complaint against a company or partnership, the Supreme Court ruled last week, in the case

Court clarifies on bounced cheques

A two-judge Bench of the Supreme Court, in a case involving Madhumilan Syntex recently, held that defaulting companies and their directors can be prosecuted for delay in depositing the tax deducted at source (TDS).

SC throws caution to the Board

While exports create employment, it is not certain that a stronger rupee helps control inflation.


Ajit Ranade: Hitting exports to curb inflation is a bad idea

The government must get on with the more urgent task of promoting competition and technological dynamism. 


Nitin Desai: The alternative to SEZs

Export house premium The Supreme Court has ruled that the export house premium received by a company can be included in its profits of business while computing deduction under

Export house premium

The Securities and Exchange Board of India (Sebi) announced its intention to formulate master circulars to consolidate its various circulars and directives that govern the conduct of the Indian

Weed out regulatory gobbledygook

Transparency is the cornerstone of corporate financial reporting. Analysts and other stakeholders need complete information to evaluate the sustainability and growth of a company and to monitor the

Segment reporting ensures greater transparency

Rahul Gandhis controversial statements during the UP poll trail have invited controversy recurrently. If it was the Babri demolition earlier, this week saw him hold forth on the Indo-Pak war of 1971.

Stalking controversy

One of the most revolutionary steps taken by the government, on the prodding of the National Advisory Council, has been the Right to Information (RTI) Act. Though the usage of the Act has been limited

Misusing RTI

It is precisely because the BJP is benefitting from the government's policies that the CPI(M) firmly opposes those political and economic measures.


Change course or pay political price

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