The Hindu Business Line : Monday, December 29, 2003

Hair-splitting on stocks
THE PROPOSAL OF the Secondary Markets Committee of the Securities and Exchange Board of India to place a restriction on the use of stock splits appears ill-conceived. Only companies whose shares trade at a price upwards of Rs 500 are to be ... More

CORPORATE

Shareholders: Owners or speculators?
EVERY time, I take my ten-year old car to my mechanic to fix a problem, he will preface his diagnosis with a question, ``How long do you plan to keep this car?'' His logic is as follows: If I plan to keep it for a long ... More

ECONOMY

Job creation: Not just an economic problem
Even as jobs have to be created to accommodate India's ever-increasing population, technology developments are destroying existing ones. The issue, therefore, is not merely adding enough jobs but also creating replacements for those lost. As the obst acles to employment growth are numerous, says P. V. Indiresan, the remedy also has to be many-sided. More

Footprints beyond 2003
2003 might seem to have been a fairly humdrum year as far as India is concerned. But has it really been all that uneventful? Has nothing really happened during the year which will leave an imprint on 2004 and beyond? More

FOREX

Reflections on scoring a century
IT HAS been a time for celebration on the BoP front as much as in the field of sports. RBI has recently reported that it has reached a level of forex reserves of $ 100 billion. This figure is magical, especially ... More

MUTUAL FUNDS

MFs must discourage short-term investments
MARKET timing is an important factor that determines short-term returns in direct investing. Institutional investors and high net worth individuals (HNIs) extend this strategy to mutual fund investments as well. Such ... More

POLITICS

Right to protest: At what cost?
TWO recent court judgments that relate to the right to protest have resulted in a raging public debate in the country. On September 29, the Calcutta High Court banned rallies and processions in the city during weekdays ... More

Lunging Lyngdoh
APPARENTLY, the privileges and immunities of his post have gone to the head of the Chief Election Commissioner, Mr J. M. Lyngdoh, to an extent that he considers moderation an over-rated virtue. From the safe sanctuary ... More

LETTERS

Power reforms

Asian Bond Fund

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