The Hindu : Business News : Monday, July 12, 2004

Online edition of India's National Newspaper
Monday, July 12, 2004

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Welcome investment initiatives
Agencies such as the proposed Inter-Institutional Group are an excellent way of encouraging large commercial banks to enter infrastructure financing, says Abhijit Roy

Railway Budget: missed opportunities
The Railways are chronically short of resources to achieve worthwhile objectives. The latest budget merely allows the position to continue.

Alternatives to new measures
The proposed turnover tax may succeed only in inhibiting the entry of individual investors and this may not be good for the healthy growth of the market.

Transaction tax jitters in shares
THE PRE-BUDGET rally on the bourses for the second week in succession came to an end after the budget proposals were presented to Parliament on July 8. The announcement of a turnover tax of 0.15 per cent on purchases of securities on stock ...

Direct tax proposals in Finance (No.2) Bill, 2004
QUESTION: What are the proposals which affect or benefit the salaried person? ANSWER: Salaried employees with total income not exceeding Rs. 1 lakh, will get a tax rebate under Sec. 88D of an amount equal to tax. It is an ...

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Effective service tax will be 6 per cent, says Government

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