The Hindu Business Line : Thursday, July 20, 2006

ECONOMY
Need for speed on the reform road
There are still many areas where reforms have to be pursued or furthered. The team at the helm is surely up to the challenge. Only, it must pursue reforms openly and inclusively, says A. VASUDEVAN, in the context of the divestment debate and on the threshold of the Eleventh Plan. More

ACCOUNTANCY
Fear of prosecution
Section 25 of the SCRA needs to be amended so that search and arrest cannot be invoked without SEBI approval and without the nod of a magistrate having jurisdiction. More

Move on CFO
Discretionary accruals are significantly reduced on the arrival of a new CFO More

High levels of derivative exposure
How do the derivative exposures of our banks measure against their net worth? The exposures range between 9 and 120 times of net worth. At the very top is ABN AMRO Bank. With a total liability of Rs 1,62,334 crore towards outstanding forward ... More

Chocolate teacakes or `unjust enrichment'
"Molly, my sister and I fell out, and what do you think it was all about?" Thus begins a nursery rhyme with a question. The answer is simple: "She loved coffee and I loved tea, and that was the reason we ... More

Smoke 'n mirrors
At least 65 out of the 190 or so jurisdictions in the United Nations `offer secret banking that, in some cases, is absolutely airtight'. And the number of banks operating in the offshore world is estimated to be 4,000 — `with no physical ... More

INFRASTRUCTURE
These Special Uneconomic Zones
Special Economic Zones were established to promote exports and to draw a flood of investment. But there is the danger that these zones will remain oases of development within under-developed rural and urban areas, aggravating the problem of uneven gr owth across and within the States. More

SPORTS
The man who made Hitler wait
The curtain came down last week on the football World Cup 2006 after a month-long soccer feast that enthralled millions across the globe. This was Germany's biggest sporting extravaganza after the 1972 Olympics ... More

LETTERS

"Judicial deal"

Save oil

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