The Hindu Business Line : Thursday, December 22, 2005

Right notes
IN THE EARLY 1990s India's development strategy shifted gear from self-reliance and import substitution to a more positive attitude towards foreign capital by way of foreign direct and portfolio investments. From 1992, after putting in place ... More

ECONOMY

Indian economy: A balance-sheet
Healthy growth estimate of around 7.5 per cent, a soaring Sensex, large forex reserves and some lull on the crude oil price front can generate euphoria about the economy. But will it last? Emphasising that growth without stability can be hurting, A. Vasudevan says that it may be useful for policy-makers to have a medium-term perspective even while viewing the short-term developments. More

ACCOUNTANCY

`Criminal conduct could be concealed in a thicket of detail'
IN THE accounting terrain, it is just one more routine day. Because there are enough stories of accounting going astray in recent news, as if to match the crime reports in the city pages. For instance, "Visco, false ... More

Developing an internal audit plan
THE function of Internal Audit (IA) has assumed greater importance after the twin disasters of Enron and WorldCom and the subsequent passing of the Sarbanes Oxley Act. The idea that IA should function as the eyes and ... More

The unguarded deposit gate
THE Public Provident Fund Act as well as the scheme made thereunder (PPF regime) permits an individual to subscribe to a PPF account on his/her own behalf or on behalf of a minor of whom he/she is the guardian. This ... More

POLITICS

Cash-for-questions scam — Implications for democracy and society
The time has come for both the classes and masses of the country to face up to, and do something about, a progressively deteriorating polity. More

NATURAL CALAMITIES

Trampled upon
THAT stampedes have become a regular feature in our country, particularly during religious festivals is clear, as governments pat themselves on the back when festivals pass off uneventfully. But a stampede causing the ... More

BOOKS

Measure measures by their reliability and validity
A QUALITY read from the American Society for Quality is Measurement Matters, by Brooks Carder and Patrick Ragan, Pearson Power (www.pearsoned.co.in). The book, which is about `how effective ... More

LETTERS

Bihar's IT dream

President's blueprint

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