Watershed programme works wonders in barren MP district
About five years ago the barren lands of Jhabua in Madhya Pradesh were compared with the starvation-synonymous Kalahandi district in Orissa. Today, its farmers reap two crops a year as a watershed programme has brought the area under a green carpet.

Bombay Chamber urges Sinha to review surcharge on income and corporate tax
The Bombay Chamber of Commerce & Industry has sought a firm commitment from finance minister Yashwant Sinha that the surcharge levied on corporate tax and income tax would not be carried forward to the next year's budget.

Will the tax breaks for mutual funds open a Pandora's box?
The Union Budget for 1999-2000 has brought the Mutual Fund industry on to the centre stage. The generous tax breaks such as making dividends from equity funds tax-free have been well received by the market and the Mutual Fund industry. My effort is to present a contrarian view, that all is not well with the budget proposals.

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