THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Thursday, July 26, 2001

• AGRI-BUSINESS
• COMMODITIES
• CORPORATE
• LETTERS
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• OPINION
• VARIETY

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Opinion

Accountancy
E & O not E
CONSTRAINED only by the number of pages that the CA journal can hold, Mr N. D. Gupta has perhaps been resisting the temptation of releasing more than just one or two ASs and an equal number of SAPs. Going by the current pace, he should be setting up a de sk each for every country on the planet, and touching half-century in AS and SAP, before signing off in January 2002.

Reining `rosy' disclosures
Pratap Ravindran on why forward-looking statements need to be encouraged and regulated.

The Act means business
N. R. Moorthy on the dilemmas before deemed defunct companies

Economy
Tough solutions needed for economy
DESPITE the reform-oriented Budget for 2001-02, unveiled amid much praise, macroeconomic indicators point to a none-too-encouraging economic position. With Parliament's monsoon session in progress, the Opposition parties have enough to grill the treasury benches solely on economic issues, leave aside the aborted Indo-Pak initiatives of the National Democratic Alliance (NDA).

At the crossroads again
``As we enter the last decade of the 20th century, India stands at the crossroads. The decisions we take and do not take, at this juncture, will determine the shape of things to come for quite some time.'' -- Dr Manmohan Singh, July 24, 1991.

Editorial
Steel initiatives
THERE IS NOTHING new in the steel industry's contemplated move to regulate production in the face of sluggish domestic demand and persisting uncertainties over exports, particularly of flat products, due to protective measures by the US, the European Uni on and Canada.

Miscellaneous
The creative gene
CREATIVE is synonymous with imaginative and innovative. It implies experimenting with something new and subjecting the conclusions to critical scrutiny. Though everyone is gifted with the creative instinct, only a few are capable of producing anything ne w and interesting. With them, it becomes a compulsive urge seeking suitable outlets.

Debating the latest flops
THIS is not a good week for the Vajpayee government. First, it gets lambasted from all sides for the failure of the Agra Summit, then the Finance Minister comes under fire thanks to the UTI scam. At times like this, you can be sure you will get to see so me great television.

Politics
Will Megawati be her own person?
TWO years ago, when Indonesia's presidentship was snatched away from her by Islamic zealots, for a number of reasons, not the least of which was her gender, she had burst into tears. But ironically, the coalition of Islamic parties which had rejected her claim to the troubled nation's presidentship, also because of her moderate views, has now eaten humble pie and supported her installation as the country's president.


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