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Thursday, February 19, 2009
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OPINION

TERRORISM: The A. Q. Khan network
The decision of the Islamabad High Court to release the ‘Father’ of Pakistan’s “Islamic Bomb,” Dr A. Q. Khan, following a secret agreement between Khan and the Pakistan Government has provoked widespread ...

INTERVIEW: Hard-edged diagnostic of business critical in downturn
Costs and prices always decline. Competitive position determines options. Customers and profit pools don’t stand still. Simplicity gets results. These are the four laws that Breakthrough Imperative — How the Best ...

OPEN OFFERS: Norm for an exception
SEBI’s heart was in the right place when it insisted on making a transparent amendment to its takeover regulations that would not be Satyam-specific but would be general and flexible enough to accommodate situations akin to ...

ACCOUNTING STANDARDS: Altering revenue recognition norms
Oscar Wilde once remarked “When I was young I used to think that money was the most important thing in life. Now that I am old, I know it is.” For business entities, recognising revenue is the major source of money, which enables them ...

EDITORIAL: Arming industry
The armed forces are to get Rs 54,824 crore in the Interim Budget, a third more than last year, to buy weapons and systems, yet beyond the Defence PSUs and the government-owned Ordnance Factories this will not benefit Indian industry in ...

COMPANY LAW: Role of independent directors
It has been recognised for some time, that although there is a legal duty on all directors to act in the best interests of the company, this is not sufficient to give full assurance that potential conflicts will not impair the ...

BOOKS: Trajectory of financial epidemic
The reason that the problems discussed today are so serious is because they are so long-lived, opens sombrely a chapter on demographics in Contagion: The financial epidemic that is sweeping the global economy. and how to protect yourself from it ...

LETTERS: Plug the leaks
The Government’s promising to pump in a heavy dose of monetary assistance to the rural economy in 2009-10 has a distinctly election flavour. It is necessary, of course, as 70 per cent of the population lives in the rural areas, and has ...

LETTERS: Audit reports
Apropos your report ‘Towards simple and clear audit reports’ (Business Line, January 31), it is naive to presume that we can restore public confidence in audit work by merely making changes in the audit ...


Columnists: C Gopinath Harish Bijoor G Chandrashekhar S Murlidharan Sharad Joshi Mohan Murti S Balakrishnan Bharat Savur B S Raghavan Ganesh Challa Bhanoji Rao Swati T Banusekar Ramanujam Sridhar Ranabir Ray Choudhury Rasheeda Bhagat P.V. Indiresan P Devarajan S Muralidhar R K Raghavan B Venkatesh S Venkitaramanan




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Markets (Feb 18)
Nifty (At close)2,776.15(+5.65)
US Dollar (Buy/Sell)49.92/93
Brent crude (a bbl) Rs1,968
Gold (a gram) Rs1,435
Silver (a kg) Rs24,565


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