Online edition of India's National Newspaper
Monday, July 19, 2004
A step in right direction
The Finance Minister is expected to announce changes in the proposed turnover tax on capital market transactions today while replying to the budget debate. Two views on the rationale of the new tax are presented here.
What about a BP/Shell merger?
GLOBAL CRUDE oil prices were back over the $40 a barrel mark on July 14 amid reports of a doubling of activity in the U.K. North Sea, previously dubbed by sceptics the Dead Sea. Sky-high prices have encouraged firms to spend more on exploration ...
Poor Budget exercise
The transaction tax, as introduced, is symbolic of all that is wrong with the budget preparation. It also proves once again how little the policy makers understand the capital market and its practices, says C. R. L. Narasimhan.
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