Financial Daily from THE HINDU group of publications
Tuesday, June 24, 2003
Markets (June 23)
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OPINION

EDITORIAL


Taxing moves
THAT THE GOVERNMENT has decided to keep call centre operations and medical transcription services outside the service tax purview should occasion no surprise. These services have traditionally had a strong export bias and as export oriented units ... More

MUTUAL FUNDS


MARKET TO MARKET
Benchmarks for fund performance
IL&FS has filed an offer document with SEBI for launching a Dynamic Fund. The fund will invest in stocks and bonds based on relative valuations. Prudential ICICI has filed an offer document with SEBI to launch a Dividend Yield Fund that proposes ... More

POWER


Power: Restructuring is not reforming
THE donor agency-scripted agenda is the hallmark of `reforms' in aid-receiving countries and India is no exception. This follows the universal dictum that "beggars cannot be choosers". Unfortunately, such alien agenda has been the cause of many ... More

RADIO/TV


CAS: Cracking the whip
Several emerging markets prohibit cable and satellite channels from carrying any advertisements at all. And commercials are barred from pay channels in many western countries. Here, then, is the whip the I&B Minister has been waiting for to disciplin e the cable TV sector: Bar the avaricious broadcasters from carrying commercial ads on pay channels. The STB option too can, then, be done away with, argues G. Srinivasan. More

CORPORATE GOVERNANCE


The road ahead for corporate reforms
THINGS appear to be moving fast on the corporate governance front in India. It is heartening to note the urgency and seriousness with which reforms are taking place. More important, the initiatives are from the corporate sector itself, and not ... More

TRADE & LABOUR UNIONS


Food for thought
WHEN workers in UN cafeterias went on a strike recently to protest the non-payment of dues to them, patrons, including diplomats and staff of the UN, helped themselves to the foodstuff. A few even carried back foodstuff to their well-furnished ... More

SHAREHOLDER ACTIVISM


Vigilant shareholders, vigilante groups
ON JUNE 13, when public preoccupation was centred on Mr S. K. Alagh's ouster from Britannia, a small drama took place in the heart of Mumbai — Greenpeace activists stormed Hindustan Lever's AGM using proxies gained from friendly ... More

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