OPINION
EDITORIAL
A visit of significance
IS FAR TOO much being read into the Finance Minister, Mr P. Chidambram's visit to Mumbai on Wednesday and Thursday and his meetings with the capital market regulator, foreign institutional investors, chambers of commerce and banks? But, then, the ...
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ECONOMY
Understanding the unorganised sector
The unincorporated or non-corporate sector has the largest share of national income, manufacturing activities, services, savings, investment, taxes, credit market, employment, forex earnings, etc. Yet it is little understood, dismissed as `un-organis ed', `informal' or `residual' sector. It is important that the nature and role of this sector are explored to see how it impacts the economy, says R. Vaidyanathan.
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ACCOUNTANCY
Secretaries in corporate-dom
R. Balasubramaniam and N. R. Sridharan on the flip-flop in the importance accorded to the company secretary profession
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Oppression by regulation
N. R. Moorthy argues for a quality oversight board for regulators
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How lawyers are different from accountants
SOME of the top law firms in the UK have asked for being treated differently from accountants. AccountingWeb cites the Financial Times that these big firms are seeking an exemption from having to report ...
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Percentage to pique at
WHEN in school, percentages used to mean marks scored. In college, we laboriously computed GP ratio and such other percentages to cut our teeth on financial analysis. However, as we grew, we learnt that percentage has a ...
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FOREIGN TRADE
Dirty float begets dirty trade
Removing distortions in free trade arising from governments managing currency values ought to be a goal of the WTO. If this issue is not addressed, it will become another bone of contention, pitching one group of developed and developing countries ag ainst another.
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TAXATION
Cess for assess
TAX is an unpleasant word, so our politicians are now talking of cess. The Common Minimum Programme of the new government is determined to introduce "a cess on all Central taxes to finance the commitment to universalise ...
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INCOME TAX
A silver lining in tax practice
AFTER a 14-year exile, here returns the rightful king, Kanga & Palkhivala, to the land of tax literature. The ninth edition of The Law and Practice of Income Tax has been published in two volumes by LexisNexis ...
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CARTOON
Sticklish issues
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LETTERS
Crude price rise
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