The Hindu Business Line : Thursday, December 26, 2002

Caught in turbulence
THE EASING OF the rules for air-charter operation, as announced by the Civil Aviation Minister, Mr Shahnawaz Hussain, is to be welcomed because of the added convenience it will afford the flying public. Under the new policy, Indian passport ... More

ECONOMY

Industry: Distinct signs of recovery
The industrial sector has staged a fairly broad-based recovery this year aided by better domestic demand and buoyant export growth. The profitability of the corporate sector and the business confidence index have also improved significantly. Even so, it is too early to celebrate because the investment activity in the economy is yet to pick up, says S. D. Naik. More

ACCOUNTANCY

Management audit is a mirage
S. Murlidharan on how the fence will continue to eat the crop More

It's risky to leave risk unmanaged
Mohan R. Lavi on the new risk management manual from AMFI and PwC for the mutual fund industry More

Is DCA going round in circles?
N. R. Sridharan and N. S. Bharath explain how a recent DCA circular on minimum capital requirement could go against the law as well as the interests of small companies More

Plain English
EVEN if you do not understand corporate audit or governance, you can compliment the Naresh Chandra Committee report for its emphasis on "plain English". "Many small shareholders do not know how to read the minutiae of balance sheets, P&L ... More

ENVIRONMENT

Carbon trading under Kyoto Protocol — Vital to restoring forests
INDIA'S forest cover has been decreasing steadily. Between 1972-75 and 1993-95, the dense forest area in India declined from 46.42 million hectares to 36.73 million hectares. Further, only 11.8 per cent of the geographical area is dense forest. ... More

POWER

Nuclear power pipedream
The projections for creation of 20,000 MWe of nuclear power capacity by 2020 suffer from serious limitations, including availability of finances, access to technology, relative economics of nuclear power, and regulatory and institutional aspects. All this makes the feasibility of the ambitious nuclear power plan questionable. More

GENDER

Women with `exceptional guts'
"THEY took huge professional and personal risks to blow the whistle on what went wrong at WorldCom, Enron and the FBI — and in so doing helped remind us what American courage and American values are all about," goes the blurb of this week's ... More

LETTERS

Housing loans

Release of Polaris chief

Machine of the year

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