Financial Daily from THE HINDU group of publications
Saturday, January 18, 2003
Markets (Jan. 17)
BL 2501135.46 (+1.32)
BSE Sensex3370.39 (-3.13)
S&P CNX Nifty1086.50 (-1.85)
Dollar (Buy/Sell)47.89/48.02
Gold Std (10 gm)5760 (+80)

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OPINION

FOREIGN RELATIONS


US and Islamic world — Clash of civilisations
With Washington upping the ante on Iraq, there is a sort of polarisation against Islamic sentiments and, G. Parthasarathy sees ominous trends, especially in the US, on lines of Samuel Huntington's thesis of a coming clash of civilisations. More

EDITORIAL


Mutual funds must tell more
WITH A SIZEABLE number of new mutual fund schemes continuing to enter the market, there is clearly a need to improve the quality of disclosure in the offer documents. Most documents look more or less alike even when it comes to spelling out ... More

ECONOMY


Check credit growth to arrest inflationary trend
FROM the data available up to this date, it should be possible to make a fresh assessment of the inflationary prospects in 2002-03. The second quarter estimates pertaining to July-September 2002 are not of much help here, as the possibilities in ... More

FOREX


When pauper turns prince, there are new worries
FOREIGN exchange, or forex, is not the staple diet of many. Very much like the roaming facility for mobile phones, it is for the few that changes in currency rates matter, and fewer still who would be interested in tracking the forex reserve ... More

TAXATION


Stamp the stampede at merger portal
S. Lochani looks at the law relating to stamp duty prevailing in different States with regard to mergers More

Wasting time on waste and scrap
Joseph Prabakar discusses the excisability in the realm of broken bottles and empty containers More

Racing is no horsing
T. C. A. Ramanujam on a case where it was held that income from horse racing would go under business head More


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Top Stories
`Rural sector needs more credit avenues'


Wipro counts out further 186k billing

Specialist magazines eat into general category

Tea Board ready to amend order — But wants full-fledged auction system in place first

Cell cos take interconnect issue to telecom tribunal

Directors not liable for certain FI defaults

In Focus
Stock scam unravelling
Petrol pump controversy
Kelkar Report
Reliance & Telecom Competition
2002: A drought year
Gold: Still the winner?
Oil PSUs: Disinvestment dilemma
NPAs in Banking
Q3 Results
In Depth
Gender Justice
Simple Economics
India Interior
Consumer Notes
Books and Reviews
Looking back
Jan. 5-Jan. 11
The fallacy of raising crop yields

Wi-Fi, the wireless alternative

Exchange Traded Funds — Web of Spiders and Vipers beckons

The worst kind of trauma


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