The Hindu Business Line : Thursday, August 11, 2005

Chinese confession
IN FINANCIAL CIRCLES there is a myth that the dollars flowing into China bear no taint, as the Chinese can do no wrong. But the Chinese central bank has dashed this touching faith by admitting that half of the foreign capital flowing into China ... More

ACCOUNTANCY

Listing Agreement versus company law
N. R. Moorthy on the remuneration to non-executive directors More

One in two GenXers works with an investment professional of some kind
IF A MAN is proud of his wealth, he should not be praised until it is known how he employs it, said Socrates. A common method of employing wealth is the DIY or do-it-yourself way, betting on the gut and good friends, ... More

A hijack by the minority
K. Srinivasan on the company law proposals about oppression and mismanagement More

The next big risk may hit from a different angle
ANTONIO'S first big mistake in The Merchant of Venice was to bet his whole fortune on a fleet of ships, and his second mistake was to borrow 3,000 ducats from a single source, states the intro of David Shirreff's ... More

PSU

Strategic disinvestment — Unshackling profit-making PSUs
To really unshackle the PSUs, the Government must sell a chunk of its shares to a "strategic" partner. This would result in transfer of ownership and control to the "strategic" partner and lead to fundamental changes in the way the company is run. B esides protecting the interest of all stakeholders, this would fetch the government a better price for its shares than via a piecemeal sale, says Uttam Gupta. More

PETROLEUM

`Pressure cooker' situation for oil
A COCKTAIL of concerns has pushed crude oil prices to over $63 a barrel — the highest in history — and the key commodity is being monitored by anxious governments for whom it can mean millions of dollars. ... More

INCOME TAX

HNIs need red carpet, not tax net
THE Finance Minister, Mr P. Chidambaram, is concerned that only 80,000 individuals declare an income exceeding Rs 10 lakh. The Finance Ministry, therefore, will embark on a plan to spy on the various transactions of ... More

LETTERS

Economic growth

A futile effort?

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