Bitter truths
Sugar manufacturers suffer two distinct disadvantages as compared to importers. Firstly, their landed costs are lower than the cost of indigenous production as sugar exporters like Pakistan have been heavily subsidising their exports.

Power financing
The Central Board of Direct Taxes has agreed that the bonds floated by the Maharashtra State Electricity Board be allowed exemption under section 10(23G) of the Income Tax Act.

`Demergers do away with flexibility of restructuring'
Correctly speaking, demergers are tax neutral even without the amendment. A demerger is a vertical split as a result of which one company gets split into two or more. Capital gains tax is attracted only if there is a transfer of assets.

  Innovations in asset-backed securities
  The Index
  Chargesheets, obstruction of work and other labour problems