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Thursday, July 09, 2009
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S GURUMURTHY: A Budget that is sleight all the way
Pranab “gambles with big stimulus”; “Borrows to fund handouts”; “Rs 1,86,000 crore is the fiscal stimulus in 2008-09”; “A House for Commons”. This is how the media, both print and visual, ...

FINANCIAL SCAN: Pranab strikes balance between aggressive growth and equity
The emphasis in past Budgets was on stimulating investments in the capital market and foreign investment. At least that was their most visible face, with exemptions galore for dividends and much more for capital ...

ACCOUNT SPEAK: Ominous omnibus
The Finance (No. 2) Bill, 2009 contains several provisions and amendments that merit serious consideration. One such measure is the revamping of the presumptive tax scheme. As it is, there are principally three schemes in vogue with none of ...

CONTRA ENTRY: Relentless IASB
As relentless as the current Wimbledon champion Roger Federer, the International Accounting Standards Board (IASB) has been consistently issuing accounting standards that would be accepted globally. Both the IASB and the Financial ...

BOOKS OF ACCOUNT: Market prices vs fundamentals
The belief that markets tend towards equilibrium has given rise to policies which seek to give financial markets a free rein, observes George Soros in The New Paradigm for Financial Markets: The credit crisis of 2008 and what ...

BL CLUB: High fiscal deficit not good for markets: Experts
A fiscal deficit of 6.8 per cent of the Gross Domestic Product (GDP) and disappointment of industry with budgetary proposals resulted in the market crash on the day of budget announcements, said Prof Mubeen Rafat, Area Chairperson, Money, ...

COMMODITY COMMENTARY: Outlook seen bullish for gold, corn, cotton
Currency movements likely to set the tone for trading. Mumbai, July 8 The strong positive relationship between global economic growth and commodity consumption is well ...

COMMODITY COMMENTARY: Govt should procure excess vegoil from importers for PDS
Mumbai, July 8 Caught in the pincer of burdensome stocks and falling prices, many Indian importers of vegetable oils, especially crude palm oil, have sought deferment of ...


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




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Markets (July 08)
Nifty (at close)4,078.90 (-123.25)
US Dollar (Buy/Sell)48.88/89
Brent crude (a bbl) Rs3,000
Gold (a gram) Rs1,362
Silver (a kg) Rs22,665


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