Accountancy
Take a bigger helping
When it comes to paying themselves, directors need not be shy but they do have to be fair, says Bob Baxt.
Shun TV
MONDAY through Friday nights, don't call me between 9-30 and 10, as I have started watching an unending saga on the small screen. Waste of time, you may say, as a fellow professional, but the problem is that I am flooded with questions from my clients an
d their relatives and their relatives.
Calling the bluff
The chances of booking those who infringe trademarks is easier when there is greater risk of the customer being misled, says S. Murlidharan, citing an apex court judgment.
Economy
US-64 imbroglio -- Are banks and FIs the milch cows?
THE Finance Ministry will most likely ask a consortium of banks and financial institutions, perhaps led by the LIC, to bail out the beleaguered UTI, consequent on its US-64 fiasco. This move raises several far-reaching issues.
Decade of transition, structural change
FOR India's industrial economy, the 1990s has been a period of transition and structural change. Since the launching of the economic reforms in 1991 and the gradual opening up to external competition, the economic environment transformed dramatically. Fo
llowing the virtual dismantling of licensing and easing of production, pricing and distribution controls, there has been a transition from a controlled to a market-oriented economy. While this gave the industry greater freedom of operation, external comp
etition took away the high level of protection it enjoyed since Independence.
Editorial
Coal confusion
THE RECOMMENDATION OF the Expenditure Reforms Commission that Coal India Ltd should be wound up in three stages over two years appears to have been made in haste. This is not to suggest that structural changes in the public sector coal set-up, compatible
with the reforms regime, should not be brought about.
Management
`Conation' leaders
``LEADERS are born, not made'' is a familiar saying. Like all cliches, there is some truth in this though it cannot be taken literally. The charisma, inspirational qualities, ways of handling people, combine to produce a natural leader. According to mana
gement writers, Warren Bennis and Bud Vanus, about 250 definitions have been produced on `leadership'. And the basic requirements have been summarised that leaders must be: `One of us'; `most of us', and the best of us'.
Miscellaneous
Redefining power and femininity
THERE was little possibility that the shy and self-effacing woman would ever take up leadership at the Washington Post, the newspaper her wealthy father had snapped up at a bankruptcy auction in 1933.
Politics
A summit unconquered?
ON THE night before Gen Pervez Musharraf's fruitless visit to India, CNN's Q&A focussed on Kashmir; Mr Karan Thapar was talking to Hurriyat leader, Mr Umar Farooq, on Hard Talk India (BBC World); Mr Arun Jaitley was on STAR News talking of how India was
full of hope at this initiative for peace; Ms Sushma Swaraj was on Aaj Tak saying that India was not at all defensive; Mr K. Natwar Singh of CWC was pointing out that if we could not have a breakthrough, we should at least not have a breakdown; and Mr Vi
nod Mehta was on Zee News, ignoring all calls for a commercial break to announce that we have a great tradition of hospitality and should therefore give the general a ``good reception''.
