OPINION
EMPLOYMENT
Private sector job reservation — Striking the middle path
The principle of job reservation for certain categories cannot, per se, be faulted by anyone with a social conscience. But there are problems in applying such a policy in the private sector. One way to get around them would be for an industry associa tion to draw up and implement a scheme of reservation under supervision by its members.
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EDITORIAL
Governments must co-operate
YET ANOTHER URBAN co-operative bank (UCB), ironically named Prudential, has fallen prey to the deep-seated malaise of this vital yet poorly managed sector. As conceived by Jawaharlal Nehru, cooperatives were to be ideal, decentralised, ...
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ECONOMY
Mid-Year Economy Review: Exuberance subdued by politics
IN ACCORDANCE with the remit of the Fiscal Responsibility and Budget Management (FRBM) Act 2003, the Finance Minister, Mr P. Chidambaram, laid a report of Mid-Year Review of the Economy, the third since its advent in ...
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TAXATION
Treaty shopping — Plugging the Mauritius loophole
The India-Mauritius Double Taxation Avoidance Treaty is under the scanner, with New Delhi keen on re-negotiating some of the controversial provisions. Though Mauritius has taken some steps to check misuse of the DTAT, New Delhi reportedly wants three key changes to check tax evasion and ensure that the island nation is not used as a conduit to launder illegal funds. Paranjoy Guha Thakurta puts DTATs, especially the one with Mauritius, in perspective.
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REAL ESTATE & CONSTRUCTION
A new `lease' on securitisation
Globalisation has fuelled the need for greater liquidity and granularity of investments in the real estate market. Securitisation — transformation of firm specific assets and prospects into marketable securities — has become an important part of financial intermediation, giving banks an opportunity to expand their services and boost lending.
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HUMAN RESOURCES
How diversity drives business
SINCE the 1960s, the idea of a monoculture has been losing out to a pluralistic society resulting from cultural integration. Globalisation has shrunk boundaries and increased the rapidity of communication. The changes ...
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PEOPLE
Bharat Ratnas, from missile to music
MANY Indian homes wake up to the sweet strains of "Kausalya Supraja Rama" and "Shuklambaradaram Vishnum", rendered with matchless melody and devotion by M. S. Subbulakshmi. MS may well have attained immortality by ...
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LETTERS
Patent issues
Meeting export target
Adding fuel to fire
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