The Hindu Business Line : Thursday, January 04, 2007

COMMODITY EXCHANGES
The index of commodity futures investing
Investing in commodity indices that are efficiently designed would serve the dual purpose of removing the fear of physical deliveries besides better returns with a moderate risk — the key areas of concern in India. Confirming after a study vis- à-vis other key markets that India has sustained a bull run in commodities, V. SHUNMUGAM and D. G. PRAVEEN think that index investing is the way to go. More

EDITORIAL
Belated rise of the east
Eastern States may have signed a flurry of MoUs, but may be stumped by implementation problems. More

ECONOMY
Rising deficit demands attack on revenue spending
The ballooning deficit is a cause for serious concern that is nullifying the buoyancy in tax collections. This requires a quick, multi-pronged response to curb revenue expenditure. Besides widening the tax base, it may also be a good time for the Gov ernment to look at downsizing the executive and the legislature. More

ACCOUNTANCY
`Global debate on convergence of standards is hotting up'
The ICAI would have to soon get out of its mindset of changing and tinkering with international standards to have an `international minus' version for India. More

CONTRA ENTRY
Misguided guidance?
Anything coming from the horse's mouth is taken seriously, which is why the quarterly guidance statements from companies must be stopped More

INTERVIEW
`India must adopt IFRS right away'
Indian accounting standards are fairly closely aligned with International Financial Reporting Standards. So the switch to IFRS will be fairly easy. The potential benefits for us are immense. MR V. G. NARAYANAN, ASSISTANT PROFESSOR , HARVARD BUSINESS SCHOOL. More

SPORTS
England in dust over Ashes
The time to throw in the towel, and raise the white flag is unfortunately past. Had the Ashes been a boxing contest, the referee would have stopped the fight long back, such has been Australia's domination of England. Instead, the English team ... More

LETTERS

Farm crisis

Not a time-bomb

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