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Monday, May 16, 2011
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Know Your English
Big push to deregulation of savings rate
In most countries, interest rates on savings bank accounts are set by commercial banks based on market conditions
How the process started
The process of deregulation of interest rates was resumed in April 1992 when the existing maturity-wise prescriptions were replaced by a single ceiling rate of 13 per cent for all deposits above 46 days. The ceiling rate was brought down ...
New ways to exploit raw data may bring surge of innovation
Math majors, rejoice. Businesses are going to need tens of thousands of you in the coming years as companies grapple with a growing mountain of data. Data is a vital raw material of the information economy, much as coal and iron ore were ...
TAX FORUM: QUESTIONS & ANSWERS
How are bad debts written off?
QUESTION: After the Explanation to Sec. 36(1)(vii), a write off of a trade debt would entitle the taxpayer to the deduction in the year of write off. But the manner in which such debt can be written off continues to be debatable because the ...
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