Financial Daily from THE HINDU group of publications
Tuesday, March 23, 2004

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IDRs: One more step in globalisation
The recently notified rules on issue of Indian Depository Receipts will help foreign companies raise funds in India by issuing depository receipts against their underlying equity shares. While certain exchange control and tax aspects still need to be crystallised, it remains to be seen if the concept finds takers, both at the issuer end and among Indian investors. More

SEBI must look beyond the clock
THE NEW RULE of the Securities and Exchange Board of India requiring mutual funds to stick to uniform cut-off timings for processing of transactions is welcome, as it will make it more difficult for fund houses, or their distributors, to offer ... More

Steel: Needless tinkering
While there is some justification for import and excise duty reductions in steel, the directives to curb exports and make available supplies to small-scale units at subsidised rates are uncalled for in a market economy. The Government would do well to avoid needless tinkering, and leave things to market forces, says S. D. Naik. More

Role of government in regulating financial markets
GLOBAL financial markers are currently perceived to be in crisis. Debate over regulatory reform in the financial sector has, consequently, assumed national prominence. Institutionalists have traditionally argued for ... More

Stock markets: A nifty source for investment?
The new peaks touched by stock indices this year and the success of the Government's end-of-year disinvestment rush are convincing many that the stock market is likely to emerge a major source of finance for investment in the future. C. P. Chandra sekhar and Jayati Ghosh examine the record in this country and elsewhere to assess the strength of that argument. More


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