Financial Daily from THE HINDU group of publications
Thursday, May 05, 2005
Markets (May 4)
BL 2502043.20 (+21.62)
BSE Sensex6289.55 (+72.78)
S&P CNX Nifty1942.60 (+21.90)
US Dollar (Buy/Sell)43.48/43.61
Gold Std (10 gm)6120 (-10)

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OPINION

EDITORIAL


Risky betting on Bt cotton
AS THE PLANTING time fast approaches, transgenic cottonseeds are once again in the news, not for the right reasons though, courtesy the Genetic Engineering Approval Committee. By granting permission selectively to certain varieties for certain ... More

ECONOMY


End consumption, nurture savings
It is time to move away from a consumption-driven economy to a savings-nurturing society. Otherwise, we will prove that the only lesson we have learnt from the economic history of the plastic-addicted debt-ridden Western society is our refusal to learn any lessons at all, says R. Vaidyanathan. More

ACCOUNTANCY


University politics are vicious precisely because the stakes are so small
AFTER Tuesday's news that the Institute of Chartered Accountants of India got a sharp rebuke from the Government for lending the ICAI name to a new university, I nervously visit the site of the University Grants ... More

POLITICS


The charm of Lalu
THE Railway Minister, Mr Lalu Prasad, is one politician who has been continuously in the news the last few days, hogging the headlines. The current logjam in Parliament is also over him. Whether one likes him or not, the maverick politician ... More

CREDIT POLICY


Monetary and Credit Policy: For orderly development of financial markets
The steps taken by the Reserve Bank of India in the Credit Policy insofar as the financial markets are concerned are comforting, though it is not clear what the apex bank's efforts to rein in inflationary expectations will add up to, given trends in global inflation-exacerbating factors — oil prices, for instance. More

BOOKS


Jin, jiao, cun, shou and fu in Dragon Gate
ON September 7, 1918 a group of Chinese accountants was instrumental in issuing the first `Interim Regulation for Accountants,' informs China Accounting Services, a market research analysis from China ... More

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    In Focus

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