Was It So Bad

For television companies, it was a second extravaganza in three months. In April-May, they bombarded us with breathless, but wrong, forecast on the general elections and inane post-election talkfest, with no apology for getting it all wrong. In July, they were back with another tamasha – the Budget coverage. This year’s Budget was hyped-up by the media as the mother of all reforms, a roadmap...

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Titan, the Winner

It is hard to fathom what drives finance ministers to select the items to tinker with when they frame their direct and indirect tax proposals in the Budget. For instance, one of the few decisive gainers in this Budget is Titan Industries. While Pranab Mukherjee increased the import duty on gold bars, he suddenly decided to exempt excise on branded jewellery.

Mr Mukherjee increased import duty...

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SC uphelds conviction of Uco Bank officials and Ashwin Mehta in 1992 scam
The Supreme Court, while upholding the Special Court's verdict in the 1992 securities scam, sentenced Uco Bank's former chairman and managing director and general manager to imprisonment.

A bench headed by Justive SB Sinha also sentenced Ashwin and Sudhir Mehta to rigorous imprisonment (RI) for one month and a fine of Rs100,000, each.

While the SC upheld 6 months RI sentence and...

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