COLUMNS
ACCOUNT SPEAK
A `storm' that rages on in auditing
Whether it is corruption or bureaucracy, the best cure is publicity and transparency, and the adoption of sunshine policy. — MR LI JINHUA, AUDITOR GENERAL OF PEOPLE'S REPUBLIC OF CHINA
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IMPRESSIONS
True hero of a turnaround
At a recent function in Chennai to kick off Indian Bank's centenary celebrations, the Finance Minister, Mr P. Chidambaram, recalled that in 1996 the big question was whether or not the bank would survive. He ...
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INDIA INTERIOR
Folding hills, flora, fauna... Nilgiris packs all
Long after visiting the 80-sq. km Mukurthi National Park in the Nilgiri Biosphere Reserve, in the flight to Mumbai, one brooded over the mist, the folding hills and the shola forests. For hours the mist did not part, raindrops like glass shards ...
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BOOKS OF ACCOUNT
Gaps in GAAP
One of the many signs of globalisation is the adoption of international standards for accounting. "Companies are implementing IFRS, US GAAP, inter alia, to meet international investors' expectation, permit benchmarking of their performance ...
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EAR TO THE GROUND
Basket selling weakens indices
Both the BSE and NSE indices dipped sharply from day's high level. According to stockbrokers, a foreign institutional investor having a huge exposure in the Indian market indulged in selling through `basket trading' on Nifty stocks. In `basket ...
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Rama Newsprint: `Momentum' buying seen
The stock of Rama Newsprint has surged close to 150 per cent ever since its re-listing on September 20. According to market sources, `momentum' traders were targeting re-listing candidates, which were fundamentally quite decent. According to ...
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SENSOR
Late profit booking pares gains; bank stocks rule firm
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