The Hindu Business Line : Tuesday, May 17, 2005

`Powerless' in Maharashtra
MAHARASHTRA WAS ONCE a model State in many respects, most notably for the efficiency of its power sector. Even now it continues to be a model for the power sector, but for altogether different reasons: A bankrupt Electricity Board, crippling ... More

TAXATION

VAT: There's value in the design
In a country like India which has a limited income-tax base or depends mostly on indirect taxes that have a pronounced volatility, value-added tax can be a reliable source of revenue. The Centre must speed up its implementation with a carrot-and-sti ck approach. More

MANAGEMENT

The yin and yang of business
Missionaries and mercenaries provide contrasting but often complementary attitudes and skills. The missionary embraces faith while the mercenary wants facts. The missionary sees the light on the mountain top, the mercenary is obsessed with bridging t he crevasses along the way. More

EDUCATION

Ending the testing times for students
It is the `Entrance Test time' of the year, with numerous examinations for various under-graduate courses. The right course would be to get out of all public examinations and go the US way, with one test like the SAT. Or, take the completely conserva tive route and have a tie-up with Cambridge to let every 12th grader take the GCE (A) exam and get accepted by universities across the globe. The present muddled middle path is of little long-term benefit to the student community, says Bhanoji Rao . More

BANKING

The changing face of banking
Even as banks move closer to international standards, they cannot lose touch with the realities of the Indian economy. More

Stress testing and Basel accord
STRESS tests were originally developed for use at the portfolio level to understand the latent risks to a trading book from extreme movements in market prices. They have now become widely used as a risk management tool ... More

INTERVIEW

Hope and frustration in Afghanistan — Mr Jean Mazurelle, World Bank's country manager in Afghanistan
The World Bank's country manager in Afghanistan, Mr Jean Mazurelle, is both hopeful and worried about the pace of reconstruction and development work in the country. In an interview to Business Line at the Bank's heavily guarded ... More

LETTERS

FDI in retail

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