India will feel the heat, warns IMF The macroeconomic effects of the global crisis will be serious and no region will escape entirely unscathed, IMF said.

‘I am passionate about sports’ It’s difficult to slot 54-year-old Ashwini Kakkar, executive vice-chairman, Mercury Travels into a bracket. He is an entrepreneur, avid sports buff, social activist, art collector, orator, music composer, Francophile… the list is endless.

‘Interest on loans for investment forms part of acquisition cost’ Under the Indian Income-Tax laws, tax under the head ‘capital gains’ is leviable on the profits and gains arising from the transfer of capital assets effected in the year.

‘Low fares are not sustainable’ When Wolfgang Prock-Schauer addressed the media during Jet Airways inaugural flight to Doha from Mumbai last month, it became clear that he was not going to relinquish his position as chief executive officer of the airline.