The Hindu Business Line : Thursday, July 24, 2003

Sponging off the liquidity
THE DOLLAR ARBITRAGE stampede of recent months may have just about been reined in. That seems to be the message implied in the Reserve Bank of India Governor, Dr Bimal Jalan's ruling out open market operations (OMO) in the immediate future. ... More

ACCOUNTANCY

Wasted vitriolic in the White Paper
Why raise the bogey of banning multinational accounting firms in India, asks Roopen Roy More

You wouldn't know even if they disappeared
A COMMON sight around here is for political parties to file past the statue of their leader, with flowers and garlands on janma-divas and the days of deliverance. The usual sombreness that accompanies these ... More

UK domestics in tax net
THE UK's Mary Poppins and Jeeves have been swept into the IR 35 net in proposals currently before Parliament. Previously domestic workers such as nannies or butlers have been able to reduce their tax and NIC bill by ... More

TAXATION

Getting the revenue act together
WITH the first quarter of the current fiscal net tax collections showing a disconcerting decline, the generally unruffled Finance Minister, Mr Jaswant Singh, must read the writing on the wall. With the economy into the ... More

HUMAN RESOURCES

Is it really brain drain?
Skilled workers earn many times more than their unskilled counterparts. In such cases, it is only the unskilled who can potentially gain from migrating to another country. The `brain drain' of skilled workers from India is due to the lack of a comp rehensive incentive structure system for advanced study and research. More

FINANCIAL INSTITUTIONS

IDBI: Yielding to bureaucratic pressures
With net non-performing assets as high as 14 per cent and fresh lending tapering off because of resource constraint, the IDBI may be said to have become dysfunctional. It is against this broad canvas that the various proposals to restructure IDBI ne ed to be assessed, says N. A. Mujumdar. More

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