The Hindu Business Line : Friday, July 04, 2003

War on Big Four
THE Chartered Accountants Action Committee (CAAC) has sounded the tocsin and declared war on the Big Four auditing firms spreading their tentacles in India. Ernst & Young, Price Waterhouse Coopers, Deloitte Touche Tohmatsu and KPMG figure in its ... More

OUTSOURCING

BPO and new protectionism
Though the workers in developed countries were concerned about the export of low-skilled manufacturing jobs, it was taken as an inevitable consequence of free trade. The trouble started with Indian software professionals going to the US and Europe o n a massive scale. There were few complaints till the US economy was booming. With the dotcom bust they are becoming louder, says Alok Ray. More

ANTI-DUMPING

Anti-dumping: Trade remedy or threat?
Anti-dumping regulations have now been transformed from a legitimate shield against unfair practices to a distortionary intervention in the marketplace, with both projectionist and investment-diverting consequences. The rationale for anti-dumping mea sures has traditionally been based on preventing international price discrimination. Selling in foreign markets at a price lower than in the domestic economy is unfair because it is indicative of trade barriers in the home market. More

EDITORIAL

Europe leads farm reform
LAST WEEK'S DECISION of the European Union (EU) to reform its much-debated and strongly-criticised Common Agricultural Policy (CAP) by severing the link between subsidy and output of farm goods is a necessary step forward in paring the ... More

COTTON

Bt cotton: Winning a battle, but losing the war
Cotton farming in India is far different from that in the US. Monoculture cotton is not grown on an industrial scale or season after season, as in the southern belt of the US, which is the "cotton bowl" of the country catering to industrial needs. In dian farmers alternate crops and this is what wreaks havoc. More

GOVT BONDS

MARK TO MARKET
Govt bonds: What price the buyback?
THE Union Government wants to buy back some of the high-coupon bonds it issued earlier. The buyback programme has been mooted because these bonds are considered high-cost debt to the government. A debate is raging on the price the government is ... More

INTERVIEW

`Indo-Pak administration of Kashmir can be a solution' — Prof. Basheer Ahmed Dabla, Head, Department of Social Sciences, Kashmir University
It looks as though the long years of insurgency in Jammu and Kashmir are about to end, and the Kashmir problem is going to be resolved, says the Head of the Department of Social Sciences in the Kashmir University, Prof. Basheer Ahmed ... More

CONSUMER ACTIVISM

Forgetting consumers
WHY IS it that every time our Government steps into "rectify" a situation it becomes an even bigger mess? I know most governments make a mess of things but ours seems specialise in confusing everyone involved, including itself. No one in Delhi ... More

LETTERS

PMO and CAS

Clarification

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