An innovative idea
Necessity appears to be forcing the government to come up with innovative fund raising ideas. Having realised that the disinvestment process in its pure form would not yield the desired results, it first announced a cross-holding formula for public sector giants.

Conflicting signals
The Mumbai Port Trust's decision to consider an investment of Rs 3,000 crore in a new terminal has sent out conflicting signals. More than a decade ago, when JNPT was established, the idea was to let Mumbai Port die a natural death.

Business recast sops need to be more solid
The Finance Act 1998 had given a major relief for business re-organisations. This was by exempting from capital gains conversion of proprietary and partnership firms into companies while also retaining the benefit of accumulated losses or depreciation.

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