T N Ninan: Nine years laterâ€¦

Business Standard

How a climate of crony capitalism was forged and fuelled in Andhra Pradesh

The politics of business in AP

Ahead of the union budget, Indian businesses have turned optimistic on business conditions in the coming months

India Inc optimistic ahead of Budget

The Opposition smells a Bofors-II in the making. Will it rattle the UPA-II government as the Bofors scandal did in the 1980s? In the 1989 general elections held in the wake of the Bofors scandal. Rajiv Gandhi's Congress failed to secure majority to form its government.  Vishwanath Pratap Singh, who resigned from Gandhiâ€™s cabinet after the scandal over the 1986 gun deal broke out, later went on to become the Prime Minister as the head of the National Front government. It now appears that the controversy over the purchase of 12 VVIP helicopters from Anglo-Italian company, Agusta Westland, will be a poll plank for the Opposition.

VVIP chopper deal develops a snag

Lower food production and slower spending likely to drag GDP growth below five per cent in Q3

Recovery may take longer

If the government meets its fiscal deficit target, the RBI may cut rates soon after the Budget

Macro trends supportive of interest rate markets: Mahendra Jajoo

StatsGuru-08-February-13

Ajai Shukla gives the inside story of the controversial AW-101 helicopter deal and finds that corruption is endemic to overseas defence deals in IndiaOn November 4, 1977, Prime Minister Morarji Desai was flying from Delhi to Jorhat in an Indian Air Force Russian-built Tupolev-124 jet, when the ultimate emergency happened: an aircraft with the PM on board lost power, descending dangerously close to the ground and threatening to plough into the Brahmaputra plain. The pilot, Wing Commander Clarence Dâ€™Lima, and four other crewmembers nursed the aircraft along, struggling to keep it airborne as they lined up for the approach to Jorhat airfield. They almost made it; just short of the airfield, the aircraft hit some trees and smacked onto the ground heavily. Tragically, all five crewmembers died while making that landing but, because of their skill, Desai walked out of the aircraft unhurt.This is the world of IAF Headquarters Communication Squadron, which oper

A choppy deal

<I>Two companies were engaged in almost the same business. Even some directors were common. To achieve economies of scale, it was decided to merge company B in company A. For this, company A incurred

Merger expenses are deductible

Income is taxed in India on the basis of receipt or accrual. The income from salary, however, stands in a peculiar position under the Income Tax Act. 



Expatriate workers' entire salary taxable

Looking back, the biggest trade event of 2003 was the fifth conference of trade ministers of the World Trade Organisation (WTO) member countries at Cancun. 


WTO lost much of its credibility at Cancun

The Supreme Court has dismissed the appeal of Kabini Minerals Pvt Ltd against the Orissa government's denial of quarry lease for decorative stones in Mayurbhanj district to it and giving the licence

Orissa govt wins quarry lease deal

<B>We are setting up a new small-scale unit. We have already received some capital goods on which excise duty has been paid and the necessary duty paying document is also available with us. 


Credit on paying duty

Many Indian enterprises are entering into agreements with foreign enterprises for execution of turnkey projects in India which involve designing, manufacturing, sale or supply of the goods and

Apportioning profits in turnkey collaborations

Where a machine is capable of performing two or more complementary or alternative functions, it has to be classified according to the principal use for purposes under the Customs Tariff Act, the

Classification of machinery

The announcement by the Bharatiya Janata Party (BJP) that the states governed by it would implement the state value-added tax (or VAT) comes as both a validation of the relatively successful

VAT validated

The thesis of market parlance has had a wide sway. But there is an antithesis as well. The thesis is that when goods are bought and sold in the market, for the purpose of imposing tax, the

The antithesis of market parlance

<B>We have set up an independent software company and started selling packages to foreign buyers. Where we have to got registered for confirming sales viz IE Code number with DGFT, STPI registration,

Sub-supplier sops

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