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Thursday, December 11, 2008
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OPINION

TERRORISM: Washington riveted on Mumbai aftermath
As temperatures drop below zero in Washington DC, two domestic subjects dominate the discourse in the American capital — the economic meltdown and the transition to the Obama Administration. Externally, however, the predominant focus ...

INTERVIEW: The power pricing puzzle
Time, in The Winter’s Tale, speaks of ‘that wide gap, since it is in my power.’ Perhaps, in current times, we are experiencing a wider gap in power, between demand and supply. A solution may yet be in ...

ACCOUNTANCY: Classification conundrum
There is a quote that says that “An accountant is a person who knows the cost of everything and the value of nothing”. With the global move now from cost to market-value accounting, accountants would in future be regarded more as ...

ACCOUNTING STANDARDS: Embedded derivatives
International Accounting Standard 39 (IAS-39) and the proposed Accounting Standard 30 (AS 30) require derivatives to be marked to market with changes recorded in profit and loss (P&L) account or appropriated for hedge accounting ...

BOOKS: The fraud triangle
Opportunity, pressure, and rationalisation are the three sides to the fraud triangle, states Implementation Guide to Risk-based Audit of Financial Statements ( ...

EDITORIAL: Stimulus and response
At first glance it is puzzling that a three-pronged stimulus package should not have elicited the warmest response from credit-starved markets and the organised economy. Remember that this package came months after a sizeable ramp-up in ...

ECONOMY: The trouble with boosters
The problem with discretionary fiscal policy as an effective counter-cyclical policy, says the October edition of the IMF’s World Economic Outlook 2008, is that its success hinges on many factors including — in ...

ACCOUNTANCY: The Siamese twins statements
A company might have recorded an impressive jump in profits mainly through spurt in volumes. Yet it could be cash strapped. An US power major in fact pulled wool over everyone’s eyes, including over those of the redoubtable firm of ...

LETTERS: Poor substitute
This refers to the report “Bad tidings for newspapers” (Business Line, December 10). It is disheartening to note that the Internet has pushed the newspaper industry in the US into a lot of difficulties such ...

LETTERS: Reduce State VAT rates
The economic stimulus package announced by the Finance Ministry under Dr Manmohan Singh has rightly gauged the mood of commerce and industry which was indeed in need of some good financial news. The across-the-board 4 per cent cut in the ...


Columnists: C Gopinath Harish Bijoor G Chandrasekhar S Muralidharan Sharad Joshi Mohan Murti S Balakrishnan Bharat Savur B S Raghavan Ganesh Challa Bhanoji Rao Swati T Banusekar Ramanujam Sridhar Ranbir Ray Choudhury P.V. Indiresan P Devarajan S Muralidhar R K Raghavan B Venkatesh




Comments & Letters to the Editor to: bleditor@thehindu.co.in
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Markets (Dec 10)
Nifty (at close)2928.25(+144.25)
US Dollar (Buy/Sell)48.98/99
Brent crude (a bbl) Rs1,999
Gold (a gram) Rs1,157
Silver (a kg) Rs17,350


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