The Hindu Business Line : Thursday, October 19, 2006

EDITORIAL
Importance of financial literacy
A key component of public policy, financial education is best achieved through formal institutional mechanisms. More

ECONOMY
Why financial system must legitimise moneylenders
It is important to recognise moneylenders as legitimate agents of economic activity. They have extensive network and substantial credibility. Banks must treat them as channel partners and provide them with credit. Importantly, moneylenders should hav e the flexibility to access the deposits from the public, as any other financial institution, says R. VAIDYANATHAN. More

ACCOUNTANCY
Why public sector oil companies fight shy of actively hedging price risks
The nature of risk exposure of an organisation to fluctuations in oil prices considerably depends on its position in the oil value chain. MR PARTHA BARDHAN, EXECUTIVE DIRECTOR, KPMG (INDIA) More

Accounting for hedging transactions
There is a huge difference between a simple forward exchange contract that is taken to shield against exchange rate movements and a complicated hedge transaction that looks at maximising profits. Hedging transactions are complicated, and acco unting for them even more so More

Quo vadis arbitration in India?
Ten years on, the Arbitration and Conciliation Act, 1996 has far from fulfilled its potential and continues to be on probation. More

CONTRA ENTRY
Hail the NRIs
Vande mataram, or hail the nation is our national song. Non-resident Indians (NRIs), who doubtless hail their nation despite migrating to greener pastures, should, in turn, be hailed by India. In fact, this is being done in the form of ... More

SSI
Rural India going global
Small manufacturers are determined to take giant steps to be part of the globalisation process, and they are doing so on their own terms too. More

AGRICULTURAL POLICY
Is a dualistic MSP the answer?
Even if the futures market is not used, the futures price can be used as a reference to announce a new MSP that is on equitable terms with the private sector offering. More

LETTERS

Precision farming

Globalisation and poverty

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