The Hindu Business Line : Thursday, August 08, 2002

Coal clout
NEW DELHI ONCE again got a taste of the might of the five central trade unions operating in the coal industry. Jolted by the joint notice of an industry-wide strike for a week from August 5, the Centre swung into action to engage the unions at ... More

ECONOMY

Pilgrimage by subsidy
THE Centre's proposal to scale down the subsidy given to Haj pilgrims needs to be endorsed and welcomed by the Muslim community. Not so much because this is a "gesture" of the Government flung at the 140 million-odd Muslims of this country ... More

ACCOUNTANCY

Refocussing the audit effort
Scams will continue to happen unless audit reverts to being a profession instead of being a business. Auditors need to be paid highly, like judges, by investors by way of a levy on the shares traded. This would break the nexus between management and auditor. More

Hazy lines
S. Murlidharan on the muddled definition of public company More

The `re' thing
A SECRET team is working hard to bring out the next standard for accountants and it is about `restatements'. This should come handy for companies that are impatiently waiting to jump onto the re-wagon. The new pronouncement would be on how one ... More

MERGERS & ACQUISITIONS

Leveraged buyouts — Forcing change in mature business
THE 1950s and the 1960s witnessed leveraged transactions of privately held small-to-medium companies and the leveraged buyout (LBO) activity tapered off in the late 1960s. However, interest in LBOs re-emerged in the late 1980s when conglomerates ... More

LETTERS

Petrol pump controversy

Ill-treatment of children

Election law reform

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Maruti to launch Esteem diesel variant this month — May sport a tag of Rs 5.5-6 lakh

Tax charges on top three cos higher

Japan co to outsource from Hero Cycles

Margin financing through SEs — SEBI shoots down BSE proposal

Corporate India still napping on fraud prevention: KPMG study

IBA for speedy disposal of loan applications

In Depth
Gender Justice