http://www.thehindubusinessline.com/ Business Daily from THE HINDU group of publications en-us Copyright 2009 The Hindu Business Line Thu, 26 Nov 2009 http://www.thehindubusinessline.com/bline.jpg http://www.thehindubusinessline.com/ 320 62 Interview http://www.thehindubusinessline.com/2009/11/26/stories/2009112650580900.htm At the heart of many branches of ancient Chinese science and philosophy is ‘yin-yang,’ a concept that describes how seemingly opposing forces are interconnected and interdependent. It is also a primary guideline of traditional Thu, 26 Nov 2009 Foreign Trade http://www.thehindubusinessline.com/2009/11/26/stories/2009112650550800.htm The nebulous platitudes with which the joint statement of the US President, Mr Barack Obama, and India’s Prime Minister, Dr Manmohan Singh, is replete would have come as a jolt to even the most ardent aficionados of India and the US. A visit Thu, 26 Nov 2009 Accounting Standards http://www.thehindubusinessline.com/2009/11/26/stories/2009112650610900.htm The increasing complexity in the financial world over the years accentuated the development of a complex set of financial reporting standards to restrict abuse. Transactions were structured to achieve a desired accounting result, despite the Thu, 26 Nov 2009 Accountancy http://www.thehindubusinessline.com/2009/11/26/stories/2009112650590900.htm The Companies Bill, 2009 (the Bill) does not break any significant ground as far as dividends are concerned. They would remain the directors’ preserve insofar as timing and quantum thereof are concerned. The hands-off policy towards dividend Thu, 26 Nov 2009 Books http://www.thehindubusinessline.com/2009/11/26/stories/2009112650570900.htm ‘Magneto trouble’ is the title of a chapter that tells the story about the period 1930-31 in Lords of Finance: 1929, The Great Depression, and the bankers who broke the world by Liaquat Ahamed ( Thu, 26 Nov 2009 Editorial http://www.thehindubusinessline.com/2009/11/26/stories/2009112650520800.htm Emerging markets, India included, had better get their umbrellas out because the drizzle of dollars that they are seeing now could well turn into a downpour. Thanks to the extraordinarily generous “stimulus” packages that the US and the Thu, 26 Nov 2009 Corporate Governance http://www.thehindubusinessline.com/2009/11/26/stories/2009112650600900.htm In the 4th Century BC, Kautilya, in his Arthashastra, laid down simple principles of corporate governance — dharma without wealth is toothless and wealth without dharma is useless. In these days of constant new Thu, 26 Nov 2009 Foreign Relations http://www.thehindubusinessline.com/2009/11/26/stories/2009112650530800.htm Just as the hapless people of Iraq emerged from the trauma of the American invasion and the consequent ethnic and sectarian violence that engulfed their country, the fledgling democratic Government was confronted with new challenges. On August 21, Thu, 26 Nov 2009 Letters http://www.thehindubusinessline.com/2009/11/26/stories/2009112650540800.htm This is with reference to the article “Now, a mechanism to verify past motor insurance claims” (Business Line, November Thu, 26 Nov 2009 Letters http://www.thehindubusinessline.com/2009/11/26/stories/2009112650540801.htm This refers to the editorial “Propping up co-op banks” (Business Line, November 25). The RBI’s proposal for creation of a non-deposit taking NBFC set-up does not appear sound as the cost of services could be Thu, 26 Nov 2009