Financial Daily from THE HINDU group of publications
Thursday, May 25, 2006
Markets (May 24)
BSE Sensex10573.15(-249.63)
S&P CNX Nifty3115.55 (-83.80)
US Dollar (Buy/Sell)45.74 (+0.14)


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OPINION

EDITORIAL
The pulses predicament
Why are coarse cereals and pulses, which are more nutritious than the fine cereals, neglected by policymakers? More

ECONOMY
The art of signalling
Through all the brouhaha of the stock market crash, be it due to interest rate hikes in the US, the fall in the commodities markets, the draft CBDT circular apparently planning to tax FIIs or global downturn in equities, the India growth story ... More

ACCOUNTANCY
Set-off set to rest
Much to the relief of FIIs, a Special Bench of IT Appellate Tribunal settles the how of set-off of capital losses. More

Pulling the trigger to infuse reporting habit in accountants
Vice grip seems to be tightening around the accountants, in the US. Top news on www.pcaobus.org, the site of the Public Company Accounting Oversight Board (PCAOB) speaks of `Proposes Rules for Periodic Reporting by Registered Accounting ... More

Anomalies of interest
There is no level field in the interest charged by the Department for defaults and that it grants the assessees More

A draft that drew ire
The Finance Minister, Mr P. Chidambaram, is known for his measured words. But his recent ticking off of the Central Board of Direct Taxes has raised many an eyebrow. In an apparent bid to calm the jittery stock market, which many enthusiasts ... More

Insurance for auditors
The Professional Fees Insurance scheme assures that the auditor's fees are not jeopardised. More

Normal accidents
A report `2 hours ago' on http://seattlepi.nwsource.com is about the big black hole in Fannie Mae accounting. A US federal court has fined the government-sponsored mortgage company $400 million, after it ... More

POLITICS
UPA GOVT'S SECOND ANNIVERSARY
Market, quotas poop the party
If it was baptism by fire for the gentleman-politician, Dr Manmohan Singh, in May 2004, when as dramatically as unexpectedly he was anointed Prime Minister by the Congress chief, Ms Sonia Gandhi, it was nothing short of a tumultuous second ... More

CREDIT POLICY
Monetary policy in uncertain times
What is the impact of the RBI's three policy rates on inflation and the shifts in output? How do the rising crude prices affect inflation? These and a dozen other issues need careful research if the monetary policy objectives of output/employment gro wth are to be achieved, says A. VASUDEVAN. More

LETTERS
CBDT draft circular
This is with reference to `Drafted damage' (Business Line, May 20). It has been said that the criteria in the draft circular should have been put in place at the time when exemption from tax of profits on sale of listed securities was ... More






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Top Stories
Govt forms sub-group for labour law flexibility in textile sector


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In Focus

Infrastructure woes stare IT sector
IPO Scams
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Dynamic Tirupur
Surging Sensex
Gold scaling new highs
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In Depth

Bihar Diary
Orissa Diary
Gender Justice
Simple Economics
Tax Talk
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Looking back
May. 14-May. 20
Fallout of interest rate uncertainties

Needed, affirmative action not reservation

The Left: Getting it right

Reservations: Let down by weak data



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