Financial Daily from THE HINDU group of publications
Tuesday, August 27, 2002
Markets (Aug. 26)
BL 2501095.32 (+6.08)
BSE Sensex3123.60 (+4.42)
S&P CNX Nifty998.85 (+3.65)
Dollar (Buy/Sell)48.47/48.60
Gold Std (10 gm)5075 (+15)

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OPINION

EDITORIAL


Not enough disclosure
THE SEBI EXPERT committee's recommendations on disclosures by companies are unlikely to improve the level of corporate governance in the country. Asking companies to disclose details of outstandings of subsidiaries and associates at the end of ... More

ECONOMY


Jobless recovery and growth?
What is of serious concern is the long-term trend regarding the link between the growth rate of the economy and the growth of employment. Given that `downsizing' is the buzzword everywhere, are we heading for `jobless growth'? Where would the future generations find employment, asks Alok Ray. More

For a less taxing system
There is considerable scope for raising the yield from direct taxes and improving the elasticity of tax collections. This calls for further reforms in the direct tax system . The tax system should be simple, neutral and efficient. It should encourage savings in the individual and help contribute to capital formation in industry while, at the same time, ensuring a steady revenue stream for the government. More

POLITICS


Exorcising the devils
IN THE deepest caverns of the human soul lie secrets so dark and complex that only masters blessed with second sight can understand and relate their workings. There's no art to find the mind's construction in the face, exclaimed ... More

Stay tuned
THERE has never been a dull moment, for the habitual tele-watchers of news and views what with endless squabbles and wrangles presented to us in our own drawing room. First, the Bhartiya Janata Party (BJP) versus the opposition affray on the ... More

SCIENCE & TECHNOLOGY


What's so scientific about junk science?
THERE was a time, not so long ago, when any proposition was accepted or rejected on the basis of its `scientific' validity. Thus, the characterisation of any proposition as `scientific' was thought to establish its truth beyond dispute while its ... More

NON-PERFORMING ASSETS


Credit dispensation — The hard realities
Credit dispensation constitutes the most vital segment of a bank's business. If not handled well, that bank will march towards doom. The eagerness of an entity to borrow and the indispensability of the bank to lend are the factors that come into inte raction. While a borrower may not ordinarily show any particular preference for a lender, the lender has to be necessarily cautious in the selection of the borrower. More

LETTERS


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