OPINION
EDITORIAL
FTA, worries and opportunities
IT WAS FAIRLY obvious that, as he flew into Bangkok last week, the Prime Minister, Dr Manmohan Singh, and his team were not entirely comfortable endorsing the India-Thailand free trade agreement the Vajpayee Government had committed the country ...
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INSIGHT
Free, rooted in `friend'
FREE is freely doing its rounds these days, be it in free power for agriculturists, free healthcare for the elderly, hostages yet to be set free, or free trade agreements between countries. Free is a word that ...
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ACCOUNTANCY
Facts and forecasts are like news and views
ACCOUNTANTS are inveterate past-watchers and so they often earn a bad name for not certifying forecasts. But you know they are conservative. So they would tell you if they got all the required information and whether ...
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Finality eludes forex accounting
Mohan R. Lavi on a case that highlights the conflict between the ICAI's AS-11 and the taxman's view on accounting for foreign exchange fluctuations
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Joint budgeting by ICAEW and CIMA
THE ICAEW and CIMA have produced a joint report on budgeting as the result of a forum organised together, according to Accountancy magazine. "Budgets are often pilloried as being out of touch with the needs of ...
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BANKING
Fiscal management — Why not a financial stability unit?
The Task Force Report on Fiscal Responsibility and Budget Management and the GTB imbroglio have raised issues that the RBI can tackle by setting up a financial stability unit, independent of its supervision and regulatory departments. With support fr om economists and legal, supervision, and accountancy experts, the unit can evaluate the surveillance reports of the supervision department. To raise people's confidence, the RBI can put out a public information note giving a gist of the main conclus ions of the financial stability unit, says A. Vasudevan.
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WTO
WTO accord: Faulty frame, rude reality
THERE is much brouhaha over the framework agreement reached by World Trade Organisation members in Geneva last week, with the developing countries in an exult over the concessions drawn from the developed nations. ...
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LETTERS
Right of recall
Effective governance
Anguish of alienation
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