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ACCOUNTING STANDARDS
Valuation of stocks — a tightrope walk
What are proper books of account regarding inventories is not spelt out anywhere. The I-T Act also has cast a responsibility upon the tax auditor in respect of stocks-in-trade. More

HEALTH
Brain, a marvellous product and process
Memory is our most defining property, writes Steven Rose in The Future of the Brain, from Oxford University Press (www.oup.com). Memory "constitutes our individuality, provides our life's trajectory with autobiographical continuity, ... More

MANAGEMENT
`Strategy is a must to go on the right path'
Mr Atul Sood is a Regional Director with Hitachi Data Systems India Pvt. Ltd. He has been in the IT/consulting industry for 11 years and has previously worked with Veritas, PricewaterhouseCoopers. He did his industrial engineering at IIT ... More

TERRORISM
Is the trauma of 9/11 still alive?
Responses to Sticklish Issues dated September 11 More

EDUCATION
The opportunity cost
Wafers had just qualified in the May 2006 CA exams. The results that were announced in July saw her bag the all-India ninth rank. Naturally she was jubilant but China had wondered that if Wafers could crack it into the top 10, it spoke poorly of ... More

HUMAN RESOURCES
Govt plans 30 IITs to tackle manpower crunch
http://SticklishIssues.Blogspot.com

More

MERGERS & ACQUISITIONS
How to manage the clash of cultures after an M&A?
Story so far: Participating in what are seen as routine meetings in the company is an educative experience, I find, especially if they are short spells and focussed. Distracted participants, and failure to follow-up on topics discussed ... More

EVENTS
Just Do IT
A.Manohar - Business Analyst - Global Analytics - manohar at global - analytics.com, Abirami - abirami_j at satyam.com, Ananthi Santhaiyan - Hyderabad - ananthihyd at gmail.com, Anil Kumar - anil_juju at yahoo.com, Anil Yadav - anil_150187 at ... More

INCOME TAX
Is it better to construct a small, tiled house for tax benefit?
I would like to invest in residential land for long-term capital gains. This is with reference to Sections 54 and 54F. I would like to know the following: Is it better to construct a small, tiled house practically of insignificant value on the ... More

BOOKS
Peaks and troughs the economy had to endure
India's `first financial scandal' was in 1957, states Building India With Partnership, by Sharmila Kantha and Subhajyoti Ray, from Penguin Portfolio (www.penguinbooksindia.com). Hari Das Mundhra, the six companies that he owned, and ... More

The Bard is a global brand
A substantial part of the Indian population is still illiterate, and only "a small privileged minority understands and speaks English with any degree of competence." Yet, `at over 50 million,' we have "more speakers of English in India than ... More

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