![]() Financial Daily from THE HINDU group of publications Tuesday, January 31, 2006 |
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OPINION EDITORIAL Lacking energy INDIA'S DESIRE TO become a major manufacturing base and in turn provide jobs to the unemployed millions will require a team of very competent people in the major economic Ministries, particularly in the infrastructure sectors of power, petroleum ... More CORPORATE
Economic Value Added: Much ado about nothingThe proponents of the Economic Value Added tool argue that it is the only financial management system that provides a common language for employees across all operating and staff functions and allows all management decisions to be modelled, monitored , communicated and compensated in a consistent way always in terms of the value added to shareholder investment. An apparently sensible approach, but there are fundamental flaws, as N. Shanmuganathan describes. More COURTS/LEGAL ISSUES Legalised injustice JUSTICE may be delayed in our legal system, but not injustice, or so suggest my recent encounters with our legal system. A corporate broking firm took an investor's money by committing forgery. After prolonged hardship, it was proved through ... More ECONOMY Non-tax revenues Correcting the fiscal imbalance The fundamental problem behind arresting the revenue deficit is the rising expenditure unmatched by corresponding means of finance. Although the tax rates have been moderated, the incidence of indirect taxation remains high. Correction of fiscal imb alance arising from public sector enterprises by not allowing them to become centres of wealth erosion has become urgent. More ENVIRONMENT Towards a new society-nature model Attainment of higher economic growth rate on a sustainable basis presupposes a clearer understanding of the sensitive links between economic activities and the natural environment. More FOREIGN DIRECT INVESTMENT Structural transformation in capital flows As the economy is performing well, the Government may consider a further dose of financial liberalisation. With the trend towards non-debt-creating capital, the Government should encourage inflows through FDI by opening up the retail, transport, powe r generation and other infrastructure sectors such as warehousing and cold storage facilities. More LETTERS Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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In Depth Gender Justice Simple Economics Tax Talk
Looking back Jan. 22-Jan. 28 Deciding the tax rate Factor in the bribe rate too |
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