The Hindu Business Line : Thursday, July 07, 2005

Guidelines on the cards
THE EXPONENTIAL GROWTH in credit card usage in the country has not been accompanied by a proactive regulatory set up. Unlike in the US, where non-banking entities too are in the business, in India only banks can issue cards. Yet, the role of the ... More

AGRICULTURE

How to salvage Indian agriculture
AGRICULTURE was the focus of the Prime Minister's attention at the recent National Development Council (NDC) meeting attended by Chief Ministers and the top brass of the Planning Commission. Again, the Prime Minister ... More

ECONOMY

African poverty: A cry in the wilderness?
EVEN AS a global, and musical, cry went around in the form of Live 8 Concerts in which prominent Western musicians performed to draw world attention to African poverty and hunger, the leaders of G-8 gathered at ... More

ACCOUNTANCY

Suppressio veri, suggestio falsi
Mohan R. Lavi on a recent PCAOB decision against a public accounting firm in the US More

Nostalgia for Note 18
Indian companies can include a non-compete clause in the shareholders' agreement in case their foreign partners play truant, says S. Murlidharan More

Accounting for disappearing coins at unmanned public telephones
EAC or the Expert Advisory Committee is a font of wisdom that lies hidden in an otherwise bureaucratic accounting regulatory body. Serious professionals know that the opinions of this group get published as volumes of ... More

MONETARY POLICY

Quarterly review of monetary policy — RBI on a historic work-out
The RBI's open, pre-announced quarterly review on macroeconomic developments is historic and must commit the central bank to the current stance of monetary policy as it takes into account the multiple objectives of securing higher growth, price stabi lity and financial stability. There are no real alternatives to this even if the instruments and objectives of the policy do not match at this point in time, says A. Vasudevan. More

BOOKS

Do you know how to measure illiteracy?
THE first volume of Kaushik Basu's Colleted Papers in Theoretical Economics, from Oxford (www.oup.com) is about `development, markets, and institutions'. Accountants normally stay away from economics as much as common people ... More

LETTERS

Better transportation

Privatisation concerns

Direct tax arrears

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