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Thursday, February 10, 2005

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OPINION

EDITORIAL


Strengthen agri-markets
THE DECADE-AND-HALF of economic liberalisation process has left agricultural production and marketing largely untouched despite the official position that selling the farm produce is the most important economic activity, particularly that of the ... More

CORPORATE


Press Note 1: Disadvantage, domestic partner
The Government's suggestion, in its latest Press Note 1, that `conflict of interests' clause may be introduced in the JV agreement to safeguard the interests of joint venture partners, which also includes the `foreign partner' itself, is misconceived , and lacks reality, when the general rule is that it is only foreign partner, who has the competitive advantage when compared to local partner. More

COURTS/LEGAL ISSUES


Contract enforcement — Whither time value of money?
Enforcing contracts is not easy. Considering the backlog at courts, private channels have become active especially for the Proprietorship and Partnership sector with relatively low financial flexibility. Unable to use the legal route, it resorts to t he unconventional approach with its own consequences. R. Vaidyanathan suggests a speedy reform of the legal system, including introducing innovative approaches, if there is to be any sanctity to the time value of money. More

ACCOUNTANCY


When weaknesses show in controls internal
Mohan R. Lavi on `snap verdicts' by auditors. More

The experience factor in due diligence
Sankar Ray on the importance of synergy when vetting disinvestment proposals More

BOOKS


Intelligent analysis of international accounting standards
TECHNICALLY reviewed by Liesel Knorr, Secretary General of the German Accounting Standards Board, and written by Barry J. Epstein and Abbas Ali Mirza is IAS 2004, from Wiley (www.wiley.com). The book ... More

LETTERS


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    Top Stories
    `Soya, yoghurt drinks fastest growing'


    Policy on FDI in retail, realty soon: Kamal Nath

    Banks lining up Tier II bond issues

    IVRCL plans Rs 145-cr public issue

    Southern mills way ahead in raw sugar imports

    Govt hopeful of meeting export targets

    Adanis plan to enter ship building biz

    Threat of sanctions hangs over India's US defence buys: Pranab

    In Focus

    BHEL Disinvestment
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    Sethusamudram Canal Project
    India Inc's overseas acquisition
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    In Depth

    Gender Justice
    Simple Economics
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    Looking back
    Jan. 30-Feb. 5
    Greenspan's choice: Party or pain

    `Coalition politics has slowed reforms' — Lord Meghnad Desai, former professor, London School of Economics


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