Accountancy
Bhakti marg
WHEN Mr. V. B. Haribhakti, an ex-president of the ICAI, was quizzed by the CA Journal on auditing, he had a few interesting things to say:
The `grand' turnaround
Brian Rutherford comments on why ERP is no longer the darling of the business world.
Watchdog on watch
In the realm of auditing, the amended Companies Act could set in motion conflicts among professionals, says N. R. Moorthy
Economy
Mr Sinha, hard decisions indeed
``BE PREPARED for high taxes,'' advised the Prime Minister, on the devastation in Gujarat. We are not thinking of a fresh surcharge, assured the Finance Minister. But within 48 hours of the assurance, the Government decided to double the surcharge on per
sonal income-tax and corporate tax. This is expected to fetch Rs 1,300 crore.
Editorial
Expected shock
AS EXPECTED THE Enron-promoted Dabhol Power Company has invoked the Central counter-guarantee. The Maharashtra State Electricity Board has for quite some time has been behind schedule in settling its monthly commitments to DPC. In the circumstances, the
latest delay in settling the bill for November 2000 prompted DPC to push the button as envisaged by the contractual arrangement among the three parties -- Enron, the Maharashtra Government and the Centre.
Health
Diabetes: No sweet news for South Asia
ABOUT 18 months ago, the Indian Express carried a shocking news item. Forty-five-year-old Narsingh Pavla, a plumber by profession, suffered from a condition called diabetic foot. He had to spend about Rs 75 each month to have his foot bandaged and for th
e medicines prescribed. This was within his reach.
Insurance
Insurance sector reforms: Must benefit all
SPEAKING at the inauguration of the 15th India Economic Summit in New Delhi, the Prime Minister, Mr Atal Bihari Vajpayee, said: ``Our goal is clear. We will globalise to India's advantage. In the process, we will ensure that the fruits of productivity an
d the gains of growth bring about a qualitative change in the life of our people'.
Miscellaneous
Parking puzzles
CHENNAI spans a few hundred square kilometres. Of this, 25 per cent comprises roads, a third of which are class-B streets, where one is authorised to park a vehicle. The rest are national and state highways.
States
Rebuilding Gujarat, a challenge
WHAT does it feel like to be cheated by nature, to lose your home, loved ones, livelihood and confidence? What does it feel like to survive all this and still be afraid that the ground under you may shake yet again -- and maybe this time round, you won't
be lucky enough to survive? And, then, what does it feel like to turn to the Government you have elected for help, and find the people in power do not have a clue about how to handle the situation? Frustration, rage, helplessness... they were all there
on the faces that haunted us on the TV screens.
