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FINANCIAL SCENE
Easy money blamed for home loan fiasco
Global slowdown amid rising inflation creates uncertainties

One year of the global financial crisis
It is a little over a year since the U.S. financial crisis became a global issue. Starting with the home loan sector where American banks and institutions lent recklessly to borrowers who were not creditworthy (the sub-prime borrowers), the ...

Making India Post dynamic and profitable
Over the past few years, the Department of Posts and subsequently India Post has been undergoing significant changes, adapting to the new market environment. It is now the turn of the young Minister of State for Communications and IT ...

Woes of U.S. credit crisis: lack of regulation?
“Issuers should only launch products which are easy to understand and easy to measure risk”

TAX FORUM: QUESTIONS & ANSWERS
Benefit of indexation for inherited, gifted property
Where inherited or gifted property is sold, the assessee is entitled to adopt the predecessor’s cost for computation of capital gains. I have received some advice that benefit of indexation of such cost will not be available. Is it ...

TAX FORUM: QUESTIONS & ANSWERS
Reinvestment benefit for non-residents
It is not uncommon for non-resident Indians to sell their property or their assets in India and have sale proceeds utilised for acquiring property in the country, where they have become permanent residents or citizens. Would they be entitled to ...

Jet makes a ‘major coup’
‘Weekly flights between India and China may zoom to 100 in the next 5-10 years’

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