OPINION
COMPANY LAW
Dissection of a concept
P. T. Giridharan on how the Concept Paper on company law could have delivered better
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Abdication in the name of delegation
The Concept Paper symbolises a new high in delegated legislation, says N. R. Moorthy
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EDITORIAL
Panic unwarranted
FINANCIAL MARKETS ARE on a stampede with yields going up in tandem with the inflation, and the Annual Report of the Reserve Bank of India seems to reflect much of that fear when actually it need not. Consumer price indices are still trailing an ...
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ACCOUNTANCY
`Sour grapes' in a post-qualification court battle
DIEHARD accountants are happy when members of other professional bodies do not get the same recognition as CAs get in statutory assignments. That may rake up many questions: Is that what is preventing the Institute of ...
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POLITICS
Govt's 100 days in office — More promises than performance
THE other day, my son's friend, a Plus-2 student, was lamenting over the fall of the Indian rupee. "The BJP government had taken it all the way up to Rs 43.5 vis-à-vis the dollar and there were indications it ...
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MANAGEMENT
Spiritual Quotient
AT A conclave organised by the Confederation of Indian Industry (CII) on human resource development, the Vice-Chairman of Volvo India and former CMD of ABB, Mr K. N. Shenoy, is reported (Business Line, August 11) ...
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INTEREST RATES
Benchmark rate — fact or fiction?
There have been elaborate discussions on different interest rates, giving the impression that they were, in fact, the benchmark. For instance, the auction rate on government bonds, the repo rate, the `corridor', and the prime-lending rate of banks. Y et, the `official' benchmark has been the Bank Rate. But transparency demands that the official rate provides the link between the present and the future and does not allow exploitation of short-term trading opportunities. That would help derive a me aningful yield rate and better understanding of market expectations, says A. Vasudevan.
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BOOKS
Science of choices to tame numbers and noises
WHAT do you call "the firms and institutions that together make it possible for money to make the world go round"? Answer: Financial system. If you sum a country's inflation and unemployment rates, what do you get? ...
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LETTERS
Tariff war
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