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Internal
Tobin Tax |
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The union finance ministry
is reportedly considering the idea of imposing a modest tax
on share market transactions. Dubbed the “share transaction
tax” the proposal entails a 0.25 per cent tax on dealers’ earnings
from shares transacted by them and a 0.1 per cent tax on direct
sales of shares by investors. |
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Fake
no more |
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Corporate India’s proposal
for setting up a special cell to fight the menace of fake goods
deserves to be welcomed. Earlier, the war against the proliferation
of counterfeit and pass-off products concentrated on the demand-side
of the problem. |
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Unlike
economic changes, legal reforms are on |
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In the last two columns, I
described the backlog in the court system. There have been at
least three letters from readers since. The upshot of those
letters was that I had not said anything constructive about
reducing delays. |
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LEGAL
BEAVER: Kumkum Sen
Cooperatives incorporated |
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In 1993 and 1997, two bills
were introduced in Parliament for amending the Companies Act,
1956. Some provisions have now been covered in the Companies
(Amendment) Act, 2000. |
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EAVESDROPPER:
Relying on us MPs |
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Corporates have been
known to fight proxy wars through politicians, both within and
without Parliament. But now another trend has emerged in the
national spotlight — that of politicians fighting a proxy war
by mudslinging corporates perceived to be close to their political
rivals. |
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