OPINION
EDITORIAL
A big step on VAT
THE COUNTRY HAS taken a significant step towards a value-added taxation regime, with the Centre and State governments agreeing on a framework of a compensation package, should there be a revenue loss for the latter consequent to the switch to the ...
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ACCOUNTANCY
Is reporting becoming too routine and circular?
Mohan R. Lavi on some of the practices in half-yearly reporting
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More appropriate to rewrite
Raghunath Ravi says that the Concept Paper on company law is modern in form and archaic in contents
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Easier to tell a donkey from an elephant than capital from revenue
FLOWER petal game is an ancient preoccupation of the indecisive. It involves pulling out the petals one by one, with a binary question such as `He loves me, he loves me not,' and arriving at the answer even as the ...
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Scores low on the market front
Umesh P. Maskeri looks at the implications of the Concept Paper proposals on the securities market
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PETROLEUM
Pricing and marketing, the key for oil PSUs
FOR ALL those who were at one time part of India's petroleum refining and marketing industry, albeit in the public sector for over three decades, the news item `PSU Oil Cos. question Reliance's diesel pricing strategy' ...
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CREDIT POLICY
Credit Policy — RBI prefers to wait and watch
THE latest Credit Policy should rank as the best possible in the current context. Like a seasoned batsman who has a relaxed stance but refuses to pre-decide what stroke to play, the Reserve Bank of India seems to prefer ...
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GOLD & SILVER
Making gold glitter in households
Unlike real estate, gold is divisible and is highly liquid. It is easy to bequeath and less cumbersome in terms of transferability. Given the demographic shift and social security requirements during old age and the stock of gold ornaments, one can t hink of using reverse mortgage instruments to utilise the yellow metal and provide pension annuities to individuals and survivors, says R. Vaidyanathan.
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LETTERS
Educated youth
China's rate hike
Literacy missions by universities
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