Timely decision
The finance ministry's decision to publish a monthly update on its receipts and expenditures is of course welcome, as it will substantially increase the flow of information about the state of Government finances. In addition, however, the timing of the move is significant.

Draft number 23
Until three months ago, the buzzword for road projects was a `bankable concession document'. After 22 drafts, the ministry of surface transport has finally produced a document that the financial institutions have declared bankable.

Income-tax Act must be simplified
With the corporate tax rate at 35%, the possibility of any further reduction is ruled out. However, the Income-Tax Act needs rationalisation and simplification.

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