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

Thursday, May 10, 2001

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Opinion

Accountancy
Tricky form
NORMALLY, there is strength in numbers. But, when Chennai CAs got together, banking on such a belief, the results were not too pleasant. Reason, the monolith body ICAI played foul.

Amusing, vague and ominous
S. Murlidharan on the lapses in some of the company law provisions on directors.

Tomorrow's agenda
What next for the accountancy profession? Roger Adams examines the challenges that the discipline will face.

Agriculture
Coming to terms with trade
THE WORLD trade in farm products is set to expand and the recent Exim Policy gives primacy to the promotion of agricultural exports. And, the Commerce Minister has said that an agricultural export policy will be announced soon.

Banking and Finance
Non-institutional credit agencies -- From frying pan into fire
THERE IS a Chinese saying that many little things done in many little places by many little people will change the face of the world. Bangladesh's Prof Muhammed Yunus has become a legendary figure for pioneering institutions of micro credit through Grame en Banks, a successful experiment of credit for the poor replicated elsewhere with variations. The message from successful micro-credit experiments is that credit can transform the lives of the poor and help them escape the poverty trap.

Economy
A shoddy start?
WHEN was the last time you bought batteries? The last three/four times that I went to buy pencil cells for my daughter's toys, I have ended up with the ones made in China. Why, you may ask? Because they are cheaper and, in my experience, last longer than the one made in our own country.

Editorial
Strategic blunder?
IT NOW APPEARS that the Government finds `strategic disinvestment' a poor strategy. While there are difficulties, it would be a folly to attribute the Government's relative lack of success to the approach.

Miscellaneous
Creating consumers
CREATING new consumers and not merely protecting them is relevant today.

Power


Dabhol project -- Enron: A rational renegotiation plan
THE MAHARASHTRA Government recently announced its plans to renegotiate the Enron-promoted Dabhol power project. In this connection, Mr R. K. Pachouri, a committee member appointed for the renegotiation, outlined the priorities of the project in a televis ion interview:


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