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Misgivings over States meeting VAT deadline
A proper VAT on manufacturing and services will enable the economy to get away from the disproportionate burden of taxation on manufacturing, says S. Narayan.

Jotspot: Wiki next phase
THIS WEEK NetSpeak explores the features of a new Wiki hosting service packed with innovative tools. Though a normal Wiki site, which allows us to edit any of its pages by anyone from anywhere on the Net, is a good tool for collaborative ...

Using forex reserves to finance infrastructure
Win-win and innovative strategies which can satisfy the fiscal, monetary purists as well as the Government's need for dedicated rupee resources for infrastructure funding are the need of the hour.

FINANCIAL SCENE
Sensex and sense
Will the stock market get over its overwhelming focus on the Reliance episode? To a large measure that question will give clues on its maturity.

WEEK IN FINANCIAL MARKET
Bourses firm despite Reliance episode
DESPITE selling pressure in all Reliance group shares in the wake of friction between the Ambani brothers over "ownership issues", sustained inflows from foreign institutional investors and buying support from domestic operators kept the bourses ...

TDS — delayed deposit is permissible
QUESTION: We are in business as transport contractors, which requires engagement of vehicles in large number, as we undertake despatch of goods for our customers. We have a running account with truck owners, who give periodical invoices. ...

Drug firms woo top scientists
Pharmaceutical companies offer better cash compensation packages, but biotechnology companies offer more flexibility, greater responsibility, and stock options.



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