The big argument in favour of power equipment manufacturers is compelling. India is a power-starved country and needs to add 78,000MW during the 11th Five-Year Plan and over 85,000MW in the 12th Plan period. This would supposedly mean continued growth opportunities for companies like Bharat Heavy Electricals (BHEL) and ABB. That apart, industrial capital expenditure in metals, mining and...

The cover story of MoneyLIFE’s 17th July issue was about the travails of e-filing tax returns, which have been made mandatory for companies and individuals subject to a tax audit. On 14th July, the Central Board of Direct Taxes (CBDT) issued a circular (No.5/2008) that indirectly admits the many problems faced by taxpayers in complying with CBDT demands, but the solution that it offers is...