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Sunil Jain: Tax Advantage
Most know private sector firms are a lot more efficient than public sector ones, but a little bit of perspective is required here. According to data from the latest budget documents, public sector firms, on average, pay around a fifth more effective tax rates in comparison to their private sector counterparts. So, while public sector companies paid an effective tax rate of 25.69 per cent in 2007-08, the figure was a lower 21.28 per cent for private sector firms. The average of 22.24 per cent for all firms, of course, was much lower than the statutory 33.99 per cent. The reason for this is the tax benefits claimed, obviously more by the private sector, particularly for export profits under the Software Technology Parks of India (STPI) scheme (Rs 11,734 crore) and accelerated depreciation (Rs 14,344 crore of taxes were foregone on this account).

India to verify China stand on dam
India said the Chinese government had assured it no dam on the Brahmaputra was proposed

News of the day

Pune hoping for herd immunity against swine flu
With the city earning the dubious distinction of having the largest number of swine flu victims in the country, a heavily burdened health care apparatus is banking on development of herd immunity to combat the pandemic.
Management

India mulling deeper exploration of water on moon

Euphoric over finding traces of water by a Chandrayaan payload, confirmed by NASA"s spacemate onboard the country"s maiden moon mission, India is mulling exploring lunar surface deeper for water in its next Odyssey. - Chandrayaan-I finds water on moon - Chandrayaan-1 was 110% success, says ISRO chief - Chandrayaan captures halo around Apollo-15 landing site - Data from Chandrayaan-1 being used for second moon mission - Satellite being designed to connect villages: ISRO - Chandrayaan-1 confirms lunar magma ocean hypothesis "What data we have got is really exciting. We want to see what further additions we can make to Chandrayaan-II"s payload. We will definitely revisit the scientific objectives", Indian Space Research Organisation (ISRO) Chairman G Madhavan Nair told reporters here. ISRO was exploring a "mid-course correction" of the Chandrayaan-II"s objectives, Nair said a day after the discovery of evidence of traces of water was announced by NASA in Washington and ISRO here. Nair said ISRO was considering going deeper during Chandrayaan II, like landing a rover and drilling the surface to detect if there was any presence of water underneath the moon"s surface. "I think there is a strong interest that we should have more instrumentation for water. But we will look at it," the top scientist said. Asked if Chandrayaan-II mission would be advanced, he said, "Moon has become exciting following the findings of water. But we cannot rush through the second mission. We will stick to the time line of 2013."


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