"Sustaining viable pension funds is impossible"
The administration would face an "impossible task" to sustain a financially viable pension fund in India, according to the corporate treasurer of HongkongBank. A much thought-out and a radically different legal and regulatory framework is imperative for a viable pension fund to take off, it pointed out.

Give your family business a professional edge
In a changing scenario where transnational corporations outdo domestic enterprises with their financial muscle and managerial expertise, a bit of professional exposure for family enterprises will do a lot of good.

Easing of eligibility criteria for members may sound deathknell for ITAT
Union finance minister Yashwant Sinha's budget is all set to demolish the Income Tax Appellate Tribunal (ITAT) by lowering the quality of its personnel. In terms of the Finance Bill, provision is for this year's budget the tribunal will henceforth be run by persons of lower ranks from the Indian Legal Service and the Income Tax Department.

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