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Facilitating FDI
The report of the Steering Committee on foreign direct investment submitted by the N. K. Singh committee is an excellent one and suggests comprehensive reforms to continue the liberalisation process undertaken by different governments since 1991, say s Abhijit Roy.
Taxation of life insurance cos.
THE TAXABLE income of a life insurance company is the sum of investment income, net of expenses if any from the shareholders' fund and profits and gains from the life insurance business. There are two methods of assessing the profits and gains ...
Weaving the web through LAMP
THIS WEEK NetSpeak focusses on an open-source web development suite called LAMP. To host a web site we need a web server for serving content coded in Hyper Text Markup Language (HTML). But it can only serve static web content, not ...
Impact of drought on Centre's finances
THE SEVERE drought in the northwestern and central regions, the worst since 1987, and the ambivalence of the NDA Government regarding the implementation of the disinvestment programme as visualised have upset the calculations of the new Union ...
MIP: Indexation benefit is available
QUESTION: I have made investments in MIP 1997 of Unit Trust of India partly drawing monthly payments and partly by way of cumulative growth. I have offered the accrued dividend in both cases. Now that I have been repaid, I have taken only ...

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