The Hindu Business Line : Thursday, December 04, 2003

Damming the deluge
GABRIEL GARCIA MARQUEZ writes of rains pouring for four years and of citizenry living the downpour much like officials at the Reserve Bank of India caught in the dollar deluge over the last two years. Like Marquez's Colombian people, the ... More

ECONOMY

Gap -filling approach to grants-in-aid: Proven instrument of equalisation transfer
Criticism of the gap-filling approach to grants-in-aid, if seen in proper perspective, can be dismissed, respecting its role as an equalisation transfer instrument. It is hoped the Twelfth Finance Commission, respecting the need for such equalisation , will continue with the prudent use of this unless some other better and proven methodology is evolved, say R. Srinivasan and S. Raja Sethu Durai. More

ACCOUNTANCY

Confusion in the `company'
Mohan R. Lavi on the trauma faced by cooperative societies converting to companies More

Redress doesn't get addressed
The ombudsman mechanism of SEBI may result in delayed redressal of investor grievance, says N. R. Moorthy More

There's danger in donning more than one hat
IT HAS been stated that it is not part of an auditor's duty to give advice, either to directors or shareholders, as to what they ought to do. It has been pointed out by Lindsey LJ, in the London & General Bank (No. 2) ... More

QED: Quite easily done
IF YOU have any doubt whether we are keeping up with the Joneses, be comforted by an affirmative thought. One proof for accountants is available on the Web site of the ICAI: The comparative statement of International ... More

Call of the family
S. Murlidharan on the growing trend of transporting family en masse to the workplace More

BOOKS OF ACCOUNT
Don't substitute golf for governance
WE TAKE utmost care to fill our wardrobes, screen thoroughly before staffing teams, whet many a profile to choose a matrimonial match, and analyse in detail when adding to investment portfolio. But we accommodate ... More

WTO

Cancun to Geneva — Caution should be the watchword
LONG before the formation of the World Trade Organisation (WTO), late President, Jules Nyrere of Tanzania, the committed socialist and visionary African leader, told the industrialised West "Do not give us `aid', ... More

LETTERS

CAT exam

Excess liquidity

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