The Hindu Business Line : Thursday, October 06, 2005

India's vote on Iran at IAEA — National interest versus foreign policy
An important factor underlying the position that New Delhi took on Iran at the IAEA was its desire to see international nuclear sanctions that India has endured for nearly three decades end as soon as possible. It would surely not have been in India 's interest to abstain on an EU-3-sponsored resolution that sought compliance with the IAEA Statute. It would be inconsistent for India to claim that it is opposed to the proliferation and then condone clandestine Iranian actions violating the IAEA Statute, says G. Parthasarathy. More

BUYBACK

The value of share buybacks
In most cases, buybacks create value because they help improve tax efficiency and prevent managers from investing in the wrong assets or pursuing unwise acquisitions. More

EDITORIAL

A base for rural connectivity
THE VASTLY NEGLECTED rural telephony market in India is at last getting the attention it deserves from the Telecom Regulatory Authority of India. A latest paper by the telecom regulator recommending a package of measures to boost rural ... More

ACCOUNTANCY

Too important to be left to political compulsions
Adherence to good corporate governance principles will make the public sector stronger, say Kshama V. Kaushik and Kaushik Dutta More

Presentation of financial instruments
THE Institute of Chartered Accountants of India (ICAI) has issued an Exposure Draft on what could be Accounting Standard 30 — that is, Financial Instruments: Presentation. This follows on the pattern of ... More

On corruption and its `sister activity' — taxation
DUKE Vincentio says in Measure For Measure, "I have seen corruption boil and bubble till it o'er-run the stew." Which is what we saw over the week, in fair measure, as stories about how corruption helped many ... More

Are tax lures to woo investment passé?
IF YOU push on a piece of putty it will assume a new shape, and when you remove your hand it will not return to its original shape, or at least not immediately and not entirely. This is an example of `hysteresis' that ... More

STOCK MARKETS

Making sense of the Sensex
A NATION-WIDE industrial strike leading to a substantial loss of production, lacklustre performance by most emerging markets, the oil price above $66 per barrel, SEBI banning some Kolkata-based brokers for their ... More

LETTERS

Rural lending

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