The Hindu Business Line : Thursday, March 30, 2006

CAPTIVE NO LONGER
Open access and third party sale will free captive power plants, allowing any consumer to buy the electricity generated directly from them. More

ECONOMY

Whither transparency?
Large government balances with the RBI, quietly allowing sub-accounts and participatory notes to ensure continued FII flows and directional shifts in the liquidity, are recent developments on which there has been only silence. The Reserve Bank of India needs to re-examine the framework and the institutional processes of policy-making. More

ACCOUNTANCY

At a loss on `office of profit'
The concept in company law and the Constitution More

Why are school days frightful, desperate, wild and furious?
Edmund Burke said, "Example is the school of mankind, and they will learn at no other." Samuel Taylor Coleridge may not agree; he was of the view that to sentence a man of true genius to the drudgery of a school is to put a racehorse on a ... More

A brew of loan and subsidy
The success of the Special Purpose Tea Fund will depend on response from commercial banks, and credit lines from the LIC and Nabard as co-financiers. The new Tea Fund seems to be the right recipe More

A liberal serving
Gentle Guildenstern and Rosencrantz speak of laying their service `freely' at the feet of Queen Gertrude and King Claudius, in Shakespeare's Hamlet, Act II, scene II. And an anguished Queen tells them, "I beseech you instantly to visit my ... More

FOREX

Revisit with open mind
Convertibility has to be weighed on the scales of continued financial stability and solvency, and accrual of overriding benefits to the economy in comparison with the disabilities consequent on deferring it. Thus, the move should be thought of only i f it enables the economy take a quantum leap and join the big league, says B. S. RAGHAVAN. More

CORPORATE GOVERNANCE

Corporate ethics
Corporate ethics may vary from company to company. Most people think of corporate ethics as being confined to not giving or taking a bribe. But in reality it covers the entire spectrum of human ... More

LETTERS

Plight of tribals

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