Publication and Research, IIPM

According to a chartered accountant, “the FBT will be a nightmare for employees and accounts departments of companies; a headache for chartered accountants who will be burdened with silly and cumbersome calculations; and a windfall for the corrupt”. A majority of tax lawyers and chartered accountants have repeatedly called this tax ‘unconstitutional’ and an assault on the freedom of tax payers.



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Source- IIPM Editorial, 2006

Publication and Research, IIPM

How true this analysis would be with respect to Bharti remains connected to the question of how dynamic and vibrant would the Bharti group continue to remain, given the new, and yes, the old Despite the Bharti group's structure (see chart below), it is Bharti Tele- Ventures, with the Airtel brand, with Rs.79 billion 2005 sales and with 12 million customers, which is the flagship brand.

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Source:- IIPM Editorial, 2006

Publication and Research, IIPM

As per Aerospace Industries Association of Canada (AIAC), gross sales were $21.7 billion in 2004, with exports reaching a record high of $18.3 billion – 84% of total sales. Diamonds are a recent discovery that has added sparkle to the Canadian economy. First major discoveries were made in the Northwest territories in 1991, and Ekati – the first diamond mine – became operational in 1998. Statistics Canada states that Canada is now the world’s 3rd largest diamond producing nation showing immense potential.

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Source:- IIPM Editorial, 2006

Publication and Research, IIPM

Suing the company is Jody Gorran, who, after two years of religiously living by the Atkins diet, found himself at the operation theatre for an angioplasty due to 99% blockage of his arteries. Defending the Atkins program, Dr. Stuart L. Trager testifies, saying, “With the ongoing low-carb research, we can come to the conclusion that when heart health is threatened due to significant obesity, a controlledcarbohydrate approach is more effective at weight loss and, in turn, savinglives.” Yet, the report of a consumer advocacy group divulges that the model Atkins dieter Mr. Atkins himself, at the time of his death, was overweight and also suffered from heart disease! His demise struck the death blow to the ‘lowcarb’ fad, with the majority Atkins aficionados dropping off this regime.

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Source:- IIPM Editorial, 2006

Parliament should pass the Bill for tribal land allocation (IIPM Publication)

For the umpteenth time, it looks as if the proposed Bill to allot land to tribal communities will not be passed by the Parliament. Despite the Prime Minister Dr. Manmohan Singh taking personal interest, a strong tiger and forest conservation lobby is putting up such a resistance that a final version of the bill might not be presented to the Parliament even during this oncoming winter session. To compensate for centuries of cruelty and neglect, the bill proposes to allot 2.5 acres of land to each tribal family residing in their traditional dominions the forests. These rights would be non-transferable and would offer these families a secure and regular supply of income.

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Source:- IIPM Editorial, 2006

Publication and Research, IIPM

Latest research done by OECD, World Bank and the IMF reveals that Caribbean and African nations are the worst victims of brain drain to developed countries of the west. In terms of sheer number, China and India lead the list of brain drain affected countries. Yet, because of a large pool of skilled manpower that enters the work force every year, the two nations lose a modest percentage of their skilled manpower every year. In contrast, the average for sub-Saharan African nations is a heft y 50%. The situation is far worse in the Caribbean. Jamaica and Haiti lose 80% of skilled graduates to brain drain every year, while the figures for Guyana and Surinam are 86% and 90% respectively.

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Source:- IIPM Editorial, 2006

Power supply and Economy(IIPM Publication)

For the record, there is an easy explanation to the increasing power cuts. As the economy grows at a sustained rate, demand for power is rapidly outstripping supply. Peak hour power shortages now run at 16%. In industrialised states like Maharashtra and Gujarat, they run at more than 30%.Ask any analyst and she would tell you that this will worsen before there is any chance whatsoever of the situation improving. Why?

Source:- IIPM Editorial

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Copyright: IIPM, 2006