The Hindu Business Line : Thursday, May 24, 2007

ACCOUNTANCY
Trading at the forex margins
A plethora of small steps have been taken towards fuller Capital Account Convertibility, by easing further the restrictions on capital outflows. A bold move towards a liberalised remittance scheme allows remittances up to $100,000 per financial ... More

Accrual accounting in government
The Railways is probably one department of the Government where transition to accrual accounting can be smooth and fairly fast. More

CONTRA ENTRY
Concern over audit opinion
In general, the hit rate for auditor opinions to capture the true underlying economics of the firm is rather limited. The reasons could be several ranging from extreme uncertainty in business conditions to gross incompetence. More

STOCK MARKETS
Short-selling can go a long way in steadying prices
Allowing short-sales by financial institutions is virtually the home-stretch to bringing the Indian stock market on a par with the advanced markets. More

RBI & OTHER CENTRAL BANKS
A new role for the ADB
The Asian Development Bank should focus on how best it can reduce poverty. While the Bank may work for Asian currency cooperation and other regional collaborations, these can dilute the ADB's focus of helping individual countries that still need its help. K. SUBRAMANIAN looks at the tasks ahead for ADB in the context of the southern shift in economic balance. More

SPORTS
Summer of Teens!
Many today must be cursing the summer heat. I am sure the young and carefree are not among them. There is a distinct and delicious air about summer that brings back nostalgic memories of a world and an era gone ... More

LETTERS

Land shortage

Foreign investment

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