Largesse to states
The government is toying with the idea of a special fund, ostensibly to aid states to undertake a reform programme as chalked out in MoUs.

Long-term vision
The government seems to be finding it difficult to get over its fascination with the cross-holding theme. Reports indicate that the concept of a special purpose vehicle to hold divested equity has reared its head once again.

Securing mobilisation advance by invoking bank guarantee
The Supreme Court had recently in Hindustan Construction Co Ltd vs State of Bihar 1999 AIR SCW 3747 considered and decided circumstances under which bank guarantees to secure "mobilisation advance" could be invoked as well as situations under which injunctions against invocation of bank guarantees could be granted.

Tenancy rights -- Changes in I-T Act must
In a legal framework where tenants are given protection from eviction as well as increase in rentals, the maintenance of the property as well as further development may stagnate. It is quite common that a landlord seeks to develop such property in cooperation with the tenant.

Claiming income-tax deduction from losses incidental to business
Though there are no provisions in the Income-tax Act, 1961, for claiming as a deduction a business loss incurred by an assessee, judicial decisions have contributed to the growth of the income-tax law by allowing such losses as a deduction where they are incidental to the business itself and they are of a non-capital nature.