Tuesday, April 27, 1999
Complexities of public utility privatisation
Any privatisation of a public utility is a complex exercise. But the water sector has several factors which make it particularly difficult.
One-way rationalisation of interest provisions
Clauses 79, 81 and 82 of the Finance Bill, 1999 propose to amend certain sections in the Income Tax Act relating to charging of interest from taxpayers for delayed compliance.
Furthering reforms
Political uncertainty notwithstanding, the finance ministry must be congratulated for thinking up ways to further the cause of fiscal reform.
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