The Hindu Business Line : Thursday, November 27, 2003

Trimming PLRs
BANK OF INDIA has not done anyone a favour by dropping its Prime Lending Rate to 11 per cent from 11.50 per cent as lower lending rates from banks in tandem with brutal cuts in deposit rates were long due. The PLRs of nationalised banks range ... More

ECONOMY

Is UK slowly slipping into Third World status?
IT IS amazing. For an Indian, it feels no different to be in the UK, nowadays. For instance, the litany of woes against public services seem to go on and on endlessly. The other day, in a popular TV chat show, a ... More

ACCOUNTANCY

Bloated bills at truth's expense
Mohan R. Lavi on a recent instance of accounting misstatement More

Is `outsourcing' the new virus around?
`GIVE the goodies to those at home' seems to be the refrain of the day. The latest issue is that people are beginning to view outsourcing as a deadly virus. Whether you are against multinationals setting ... More

The born-again babus
IT IS heartening that the Supreme Court has, in a hard-hitting pronouncement, reprimanded the Central Government for the direct encroachment by the bureaucrats in the judicial functions. This ruling was triggered by a ... More

A camel on a straw's back?
K. Srinivasan on the public interest angle in corporate audits More

BOOKS OF ACCOUNT
Best of audits cannot eliminate business failure
WHEN a top-secret question paper leaks, students lose trust in the exam system. Similarly, when criminals go scot-free after prolonged trial, people stop trusting the judicial system. Likewise, when numbers lie, ... More

Cross-selling musings
THE other day two things happened simultaneously that left me bemused — the ICAI, I read, was all set to bring in a thaw in its regulations to permit CAs to collaborate with other professionals in preparation of ... More

FOREIGN TRADE

FTAs and the para-tariff effect
It is common knowledge that inadequate physical infrastructure inhibits trade. Border delays, for instance, reflect a constraint on the volume of imports/exports that can be processed in a given time-frame. More

BANKING

Report on the Trend and Progress of Banking (2002-03) — RBI's concerns over `narrow banking'
The RBI feels that the banks have been neglecting their primary function of credit creation in favour of "narrow banking" for short-term gains. While this could be appropriate in times of easy liquidity, the macro-economic performance of the banking system in the long term would hinge on its ability to fund industrial and other enterprises, says S. D. Naik. More

LETTERS

Spare the Biharis

Tansi judgment

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