The Hindu Business Line : Thursday, October 26, 2006

EDITORIAL
Austerity overdrive
Still the hidden or disguised leakages in spends occurring under the aegis of Plan programmes remain unaddressed. More

ECONOMY
Growing disparity
High GDP growth and improved global ranking of India have bypassed large segments of poor in the rural areas. More

`Approaching' the resource challenge
With compulsions of coalition politics influencing spending on programmes set by the ruling alliance, the Eleventh Plan is beginning at an inopportune time. While the Prime Minister endorses the need for a larger Plan outlay, he also emphasises that it cannot come at the cost of fiscal prudence, says G. SRINIVASAN More

ACCOUNTANCY
Winds of financial grace
Asks Desdemona, in Othello, "Who is it that knocks?" And Emilia replies, "It's the wind." Call it `Tempests themselves, high seas, and howling winds,' as Cassio says in the same play, or `the cool and temperate wind of grace', as in ... More

Who benefits from greenshoe option?
The safety net arrangement is vastly superior to the greenshoe exercise which is superficial in offer of protection to individual investors. More

Proactive legal risk management
In the present technology/innovation-driven economy, legal compliance assumes, or ought to assume, a wider brief. More

RBI & OTHER CENTRAL BANKS
Clarity on policy, please
Open letter to the Governor, Reserve Bank of India More

BOOKS
On the tainted money trail
To launder is `to wash dirty clothes or linen and, often, iron them as well,' as Encarta defines. The word derives from Old French lavandier, which in turn is from Latin lavare `to wash'. Sadly, though, the first meaning of ... More

LETTERS

Licensing moneylenders

India's economy

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Looking back
Oct. 15-Oct. 21
Thinking out of the fiscal box

A Nobel model that links peace and economics