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Anomalies in new Electricity Act
Some provisions of the Electricity Act, 2003 require a relook as they are likely to pose serious problems for the successful performance of the distribution segment and consequently the whole power sector, says G. P. Rao

Banks at threshold of new growth era
Banks will be keen on a more profitable redeployment of available resources, as there may be a significant depreciation in the value of investments in government and approved securities.

FINANCIAL SCENE
Inflation: commodity prices are still important
For certain well-recorded reasons there has been a coexistence of relatively low inflation with high commodity prices. Also, experience suggests that the gap between CPI and WPI inflation figures will be evened out over a long time span.

WEEK IN FINANCIAL MARKETS
FII buying takes Sensex to new peak
HISTORY WAS created last week when the Bombay Stock Exchange 30-share sensitive index soared by a hefty 4.77 per cent, breaking all previous records, to close at 6322.76. Foreign institutional investors were aggressive buyers goaded by the ...

NETSPEAK
Bookmarklets roundup
USEFUL BOOKMARKLETS provided by a few popular on-line services are featured in this week's column. As featured in an earlier edition of NetSpeak, a bookmarklet is a small JavaScript program that can be placed on a browser's `bookmarks toolbar.' ...

TAX FORUM
Provisional tax only where it is necessary
QUESTION: In the Tax Forum dated October 11, apprehension was expressed about the reported departmental instruction directing provisional attachment of assets against potential demand with consequences for officers who fail to ...



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