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Plugging black money at its source
Economic transformation is usually a gradual and painful process and no finance minister wields a magic wand to rid the economy of all its ills. The task is rendered all the more difficult in a single budget if the political consensus, especially in a minority government of assorted groups, is lacking. The task before P Chidambaram was thus unenviable yet he tried to bring about changes in areas which fell well within his domain.
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Who's got the cash, Dr G?
Can the country afford such frequent elections? This was the question posed by Rahul Bajaj to the chief election commissioner (CEC) Dr MS Gill at the Confederation of Indian Industry's jamboree in Chennai last week. Actually, he asked ten, including some corollaries to the above question, about the possibility of a "fixed tenure" parliament.
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Politics of populism may take its toll on bourses
Making money in the Indian bourses has never been more difficult than today. For the first time, one comes across such divergent trends which can be hardly captured for making investment decisions. For millions in this country, stock trading is not a matter of choice, but a necessity.
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Only "real income" of banks, NBFCs, FIs will be taxable
Financial institutions, banks, finance companies and other creditors have recently been compelled to reduce the rate of interest which is chargeable under a loan agreement. This is done on the ground of commercial expediency, and to overcome the present economic slow-down which has affected a large number of businessmen and industrialists.
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