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Thursday, July 08, 2004

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OPINION

COMPANY LAW
One more attempt to slim company law
THE NEW boss of the Department of Company Affairs, Mr Prem Chand Gupta, Union Minister of State (Independent Charge) for Company Affairs, has highlighted some interesting statistics. Such as that Rs 300 crore is spent ... More

EDITORIAL
A disconnect with reality
A STRIKING ASPECT of the Economic Survey 2003-04, compared to some of the more recent editions, is the confident note with which it begins its assessment of the economic situation. If earlier on it had begun on a prosaic note describing the GDP ... More

BUDGET
Budget 2004-05: Light a candle and curse the darkness
WE CAN expect a bit of both, as the Finance Minister, Mr P. Chidambaram, rises to present the 2004-05 Budget a few hours from now. The present government, by its actions and statements on the role of FIIs, has very ... More

ECONOMY
International financial architecture — India must re-think initiatives
India has missed the chance of making new moves on the finance front. India can no more afford to be a passive participant, partly because it may be asked to lead the G-24 in the medium term and also because it is aiming at 8 per cent annual average growth rate to move towards economic convergence. The country, thus, has a stake in financial integration and stability. It needs to take new initiatives, says A. Vasudevan. More

ACCOUNTANCY
Dither not at wilful default
Identification of wilful defaulters plays a key role in tracking errant borrowers, says Mohan R. Lavi More

Warped governance gift-wrapped
Sankar Ray on the ethics and legality of gifts to shareholders. More

Call an auditor to blow the whistle
ONE of the recent corporate reforms has been to put whistleblowers on a pedestal. The Sarbanes-Oxley Act too mandates it, to ensure better governance. Thus audit committees have to allow employees to report accounting ... More

RAILWAY BUDGET
No deficit of `deficit' in Budget
IF YOU were to search for `deficit' in Mr Laloo Prasad's maiden Railway Budget speech, you would not find it. Nor does it exist in the ``highlights of the Budget' put up in www.indianrailways.gov.in. Mr P. ... More

PRIVATE BANKS
Norms on ownership, governance of private banks — Why this paradigm shift?
THE GUIDELINES that the Reserve Bank of India has circulated on ownership and governance of private banks have already attracted considerable comment. While presenting the Budget for 2003-04, the then finance minister ... More

BOOKS
Effective collections do not just happen
THE suspense should be over within hours when the FM lets his Budget cat out of the bag. If markets were to crash in reaction, we would once again count the cash in our hands fondly, like a pet suffering from stunted ... More

LETTERS

  • Rail Budget
  • CMP and Budget



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