COURTS/LEGAL ISSUES
LCM: The new addition to management jargon
HERE is the latest addition to growing list of management acronyms — LCM, or `legal compliance management'. As the name implies, LCM refers to the function of ensuring that a company complies with all laws, which may sometimes include laws ... More

ACCOUNTANCY
ICAI okays plan to allow CAs to fix fees per assignment
THE Central Council of the Institute of Chartered Accountants of India (ICAI) has approved a proposal that would allow CAs to fix their fees on the basis of results of the assignment or "costs saved/revenue increase" derived by the clients. ... More

TAXATION
Disputed tax burden rising for India Inc — But stock markets remain unperturbed
TAXES are the price of civilisation, said Justice Oliver Wendell Holmes. Corporate India, however, does not appear to share his enthusiasm if the surge in disputed taxes are any indication. Indeed, the disputes arising out of demand notices ... More

MANPOWER
HPCL may announce VRS in June/July
HINDUSTAN Petroleum Corporation Ltd plans to introduce a voluntary retirement scheme for its employees in June or July this year. The company's board of directors had approved the VRS a couple of months ago. However, according to a senior ... More

INTERVIEW
`Steel bull run likely to continue till 2010'
THE ongoing boom in the global steel industry is due to the massive growth in the Asian economies like China and India and in all probability it is likely to continue for the next years. Bhilai Steel Plant belonging to Steel Authority of India ... More

OUTLOOK
Bajaj Auto on cost-cutting drive
DECLINING demand for scooters is forcing two-wheeler major Bajaj Auto to not only cut production but also undertake cost-cutting measures, including job cuts. Bajaj Auto's Vice-Chairman, Mr Madhur Bajaj, told reporters that the drop in demand ... More