OPINION
ACCOUNTING STANDARDS
Local standards are very foreign to CAs
S. Ramanujam on the knowledge gaps that abound in Indian accounting standards
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EDITORIAL
Oil anxiety
THE RISE AND fall of crude prices — from over $37 a barrel to below the $32 — over the past month has lowered the anxiety levels of oil-importing countries that were worried about the impact on their economies. Prices rose as OPEC, ...
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ACCOUNTANCY
Short credits in long sentences
Mohan R. Lavi on anomalies in applying `setoff' in imprisonments
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When a handful shows more stones than rice
WHEN there is a difference between debits and credits, create a suspense account. That is a standard procedure, as all bookkeepers know, and when mysteries get unravelled fully, the amount is expected to dissolve into ...
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Accounting is too serious a job for part-timers
THE latest entertaining news from the Institute of Chartered Accountants of India is that part-time practice has been put on the death row. From April 1, 2005, "members of the Institute who engage themselves in any ...
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GLOBETROT
Sixteen going on accoun-teen!
FOREX
Forex market: The Indian script
The dalliance with capital account convertibility is hurting people dependent on interest incomes, bankers and exporters.
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POLITICS
Nuclear weapons and Kashmir — A composite dialogue with Pakistan
Even as the Pakistan President, Gen Pervez Musharraf, upped the ante on peace by harping on Kashmir, New Delhi can propose a set of confidence-building measures that Islamabad, as a "responsible... nuclear restraint regime", will find it difficult to reject. India should also go ahead with its moves to normalise relations with Pakistan by promoting people contacts and enhancing economic cooperation, says G. Parthasarathy.
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Keeping the word
WHEN I read the news item about what the Prime Minister, Mr Atal Bihari Vajpayee, had to say on why he had not kept his word about not contesting another election after 1999, I recalled an anecdote from one of Bernard ...
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LETTERS
Cotton price
ONGC shares
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