The Financial Express -- Expressions

This page contains Editorial and Op-Ed articles

Wednesday, August 13 1997

Letters to the Editor

Service tax: the tax of the future

Indirect taxes, mainly comprising customs and central excise duties, constitute important source of revenue for the central government. The share of indirect taxes is about 70% in the total tax revenue of the government. These taxes are hidden in the prices of goods and are not perceived as direct taxes.

Let ITDC be managed by a hotelier

It is time for the change of guards in ITDC.

Break the veil

At Rs 73,075 crore, the order of capital expenditure forecast for 1997-98 for the corporate sector by RBI looks healthy, but the four per cent increase in real terms assumed does not really mean anything in terms of the scale of physical assets likely to be created, especially in the context of the substantial cost escalation that is taking place because of a vicious circle of time and cost over-runs.

Low rates may not be enough to raise credit

Rupee: strong, stronger?