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Thursday, March 19, 2009
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OPINION

AGRICULTURE: Agriculture hostage to knee-jerk actions
The United Progressive Alliance (UPA) came into office in May 2004 with a comfortable public foodgrain stocks position. Now, as it demits power, the ruling alliance leaves behind burgeoning granaries. The country was heavily deficit in ...

ACCOUNTING STANDARDS: AS 11: India Inc. vs ICAI
Indian industry associations are demanding suspension of the provisions of AS 11 that require recognising foreign exchange losses in the profit and loss (P&L) account. The ICAI is unwilling to concede their demand. Does Indian industry have ...

INTERVIEW: Should accounting be driven by economic conditions?
Adding to the list of other ongoing conflicts is the recent spat between an industry body and the accounting regulator. The hot question is whether the Institute of Chartered Accountants of India (ICAI) should enforce its book-keeping ...

FOREIGN RELATIONS: India faces growing Chinese hostility after 26/11
While India received overwhelming international sympathy and support during the 26/11 terrorist outrage, the Chinese reaction was one of almost unbridled glee, while backing Pakistani protestations of innocence. The state-run China Institute ...

ACCOUNTING STANDARDS: M to M is more than mood swings
That the Indian corporates are lobbying hard to get Accounting Standard 11, that among other things, mandates marking financial transactions in a foreign currency to market, off their backs given the huge translation losses staring at their face ...

BOOKS: When profits pinch water
If water companies find India as a whole is enticing, Bangalore must look like manna from heaven, write Kshithij Urs and Richard Whittell in Resisting Reform? Water Profits and Democracy ( ...

AUDITING: Freedom of speech
Woodrow Wilson, the 28th President of the United States, once remarked “I have always been among those who believed that the greatest freedom of speech was the greatest safety, because if a man is a fool, the best thing to do is to ...

EDITORIAL: Fluctuating standards
There is an element of expediency in the demand by Corporate India that the Institute of Chartered Accountants of India dilute Accounting Standard 11 that deals with the effects of changes in foreign exchange rates. The Standard currently ...

LETTERS: Konkan’s development
Development of any region is impossible without the establishment of a variety of industrial projects which provide jobs to local residents. The Konkan region and Raigad, too, are on the threshold of development with a large number of SEZs, ...

LETTERS: Judges’ salaries
The article ‘Case to strengthen the judiciary’ (Business Line, March 16), justifying the hike in salaries to Supreme Court judges, offers valuable advice and ought to be heeded by the ...


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




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Markets (March 18)
Nifty (at 3.30 pm)2,794.70(+37.25)
US Dollar (Buy/Sell)51.33/35
Brent crude (a bbl) Rs2,400
Gold (a gram) Rs1,411
Silver (a kg) Rs22,665


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