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Monday, February 07, 2005
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A constructive approach to budget exerciseThe time has come for a draft medium term fiscal policy statement to be put in the public domain, discussed and a consensus arrived at. The agreed version of the document should then serve as a roadmap for the government, the investors and the taxpay ers to plan their affairs over a 3 to 5 year period, argues R. Swaminathan. FINANCIAL SCENE More than a trade-off Neither of the two decisions should be fitted into neat watertight compartments representing the reform and anti-reform agendas. The decisions are above all pragmatic in the given circumstances. Will FM present another dream budget? There is an air of optimism in industry and stock market circles, as it is confidently anticipated that the forthcoming budget will provide a new lead to the economy and the growth in the Gross Domestic Product (GDP) may be higher at 8-10 per cent on a sustainable basis in the coming years. WEEK IN FINANCIAL MARKETS Stocks end on a promising note HELPED BY heavy renewed purchases by foreign institutional investors and selective buying by domestic funds and operators, the sensitive index shot up by 199 points and crossed the 6600-mark, before closing at 6618.23 on the Bombay Stock Exchange ... TAX FORUM Alternate nomination is not provided for QUESTION: Is it possible to have alternate nominees as is normal in other cases of nomination, so that in case, where first nominee predeceases the depositor, second nominee may be paid? ANSWER: Application form providing for more ... Read Today's supplements: | Life | Metro Plus | Business | Education Plus | Send: Comments to: thehindu@vsnl.com Letters to the Editor to: letters@thehindu.co.in with full postal address |
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