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Will Manmohan acknowledge the Modi model (07 November 12:00) |
| Tomorrow the Prime Minister will inaugurate the World Economic Forum’s India Economic Summit. Lots of businessmen from all over the world will be present. They will listen attentively to h... |
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Taxman reaches for the sky (07 November 12:00) |
| Men judge by the complexion of the sky the state and inclination of the day, reads a line in the Bard’s King Richard II. And in As You Like It, he offers another nugget of wisdom — that ... |
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Voluntary taxation of wealth (07 November 12:00) |
| Some rich Germans have petitioned the newly re-elected government of Chancellor Angela Merkel to resume the levy of wealth tax to help Germany bounce back from the economic crisis. The t... |
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Decoding branch profits (07 November 12:00) |
| Several provisions in the Direct Taxes Code are left without explanation about the origin and purpose for introducing the same. There is a Discussion Paper explaining several provisions, but... |
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Fiscal centralisation (07 November 12:00) |
| Should fiscal control be centralised or decentralised? There are arguments on both sides. For instance, as Brendan O’ Duffy writes in one of the essays included in Comparative Politics, ed... |
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Vacuum in FBT regime (07 November 12:00) |
| The Finance (No. 2) Act, 2009 has given the quietus to the rather short-lived Fringe Benefits Tax (FBT) regime that shifted the tax liability on a whole lot of benefits enjoyed by employees ... |
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Divesting for development (07 November 12:00) |
| Governments, even when they do good things, have to protect themselves from attack on various flanks. So, often, they adopt the old maxim that a dog with a bone in its mouth does not bark. T... |
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Balanced discourse (07 November 12:00) |
| The article “Zero tolerance for GM foods in Europe” (Business Line, November 2) points out that while the rest of the world is united in rejecting genetically modified foods, India is ... |
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Catamaran Fund (07 November 12:00) |
| This is the first time that a person who has come up the hard way and founded a world class company is now coming forward to help aspiring young men and women set up businesses by creating... |
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Gold comfort (06 November 12:00) |
| Ten years ago, almost to the day, Robert Mundell, the Economics Nobel laureate for 1999 predicted that, over the next decade, gold would play a very major role in the world’s central bank ... |
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A finely tuned monetary policy (06 November 12:00) |
| The RBI Governor, Dr D. Subbarao’s monetary policy of October 27, 2009, was formulated in the face ofmultiple dilemmas. But, in fairness, it must be said that the conflicting issues and ob... |
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Working towards an Asian century (06 November 12:00) |
| This is an era in which kaleidoscopic changes are taking place in the world. They are getting to be most pronounced in Asia. It has come to stand for a possible paradigm in answer to the ins... |
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Its multi-racial Down Under (06 November 12:00) |
| Some time ago, I was invited to speak to the Rotarians in Chennai on business opportunities in Australia. After my talk, the first question I was asked was, “Why does Australia pursue a wh... |
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Kerala High Courts green initiative (06 November 12:00) |
| Last week the State Forest Minister Benoy Viswom hailed the decision of the Kerala High Court to set up a Green Bench to hear forest-related cases, which, he added, would beef up the efforts... |
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Regulatory process is the key not regulators (06 November 12:00) |
| A joke that I chanced upon went, “What’s a banking regulator? Someone who rescues and rescues and rescues banks until there are no banks left.” That is a mild one, you’ll agree, give... |
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Wiring up Sino-Indian trade (06 November 12:00) |
| For reasons good or bad, the large emerging economies of India and China are increasingly linked in popular commentaries. Comparing their relative strengths appears to be a favoured parlour-... |
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Foreign capital (06 November 12:00) |
| This is with reference to the report that the Finance Minister has stated there are ‘no immediate plans to curb ‘foreign capital inflows into the country. It is welcome news as we do nee... |
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Yes We Can! (06 November 12:00) |
| This is with reference to the article “Initiatives to spur development” (Business Line, November 2). The author’s positive attitude of hope for progress towards Vision 2020 should insp... |
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RBIs gold purchase (06 November 12:00) |
| This refers to the report “RBI buys 200 tonnes of gold from IMF” (Business Line, November 4). This move by the monetary authority of India is laudable. Gold is perhaps today the only com... |
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Unfinished job (05 November 12:00) |
| There is something rather strange about the National Rural Employment Guarantee Scheme (NREGS). By the Union Labour Ministry’s own admission, it generates employment of fewer than 40 days ... |
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Climate Facing up to red line (05 November 12:00) |
| As we approach the Copenhagen summit on climate change, there is now a significant consensus among the scientific and political community on a “red line” for climate change. This is the ... |
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Impact of debt covenants (05 November 12:00) |
| As per paragraph 74 of the proposed revised AS-1 (which is based on IAS 1), when an entity breaches a covenant of a long-term loan arrangement on or before the end of the reporting period wi... |
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The true and fair override (05 November 12:00) |
| Accounting Standards are sacrosanct and violations are not permitted in preparation of financial statements. In fact, there is a statutory requirement as per Section 211(3B) of the Companies... |
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Provisioning sans publicity (05 November 12:00) |
| In its latest quarterly review of its credit policy, the Reserve Bank of India (RBI) has asked banks to provide more than hitherto for the possible bad debts engendered by loans to the real-... |
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Polishing standards (05 November 12:00) |
| “A gem is not polished without rubbing, nor a man perfected without trials” — so goes a Chinese proverb. Regulators globally have been attempting to publish polished accounting standar... |
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Cities need innovative financing (05 November 12:00) |
| Massive investments are needed for improving the infrastructure facilities at the level of urban local bodies (ULBs); and the funds may have to come from the capital markets, public savings ... |
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Open agriculture (05 November 12:00) |
| The crisis on hand is well sketched out in the article “Why not covered agriculture?” (Business Line, November 4), but the solutions are yet to be found, not to mention the scepticism as... |
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Small packs (05 November 12:00) |
| The article “Britannia bets big on small packs” on the success of small packs of biscuits introduced by Britannia (Business Line, November 4) was interesting. An important reason for the... |
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Green in patches (04 November 12:00) |
| With the growth in the country’s industrial output index more than doubling to 10 per cent since January, stakeholders are showing off a new spring in their step. The Reserve Bank of India... |
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Monetary policy and fiscal consolidation (04 November 12:00) |
| The jury is out on whether the Reserve Bank of India got its inflation-growth balance right in its busy season review of Monetary Policy. However, there can be no denying that at least in th... |
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Why not covered agriculture (04 November 12:00) |
| We are faced with unprecedented global warming, as also threatened by drought and famine. However, this happens to be the time when radical restructuring can be undertaken. A large pro... |
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The worsening power crisis (04 November 12:00) |
| There appears to be no solution in sight for the prolonged and worsening power crisis facing the country with continuing slippages in capacity addition targets, unacceptably high levels of t... |
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Nation expects transparency (04 November 12:00) |
| The Prime Minister, Dr Manmohan Singh, and the Finance Minister, Mr Pranab Mukherjee, are doing no good to the cause of good governance and integrity in public life by their ambiguous pronou... |
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A faulty system (04 November 12:00) |
| Last Saturday, the newspapers carried a report of an elderly man who fell off a speeding bus and lay unattended on a crowded Kolkata Street for nearly 30 minutes before he was taken to a gov... |
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Other income (04 November 12:00) |
| In the results for the July-September (2009) quarter, many banks have reported substantial growth in ‘other income’ that includes earnings from treasury operations. |
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Are we meeting the Millennium Development Goals (03 November 12:00) |
| For some time now, the Millennium Development Goals (MDGs) have been the organising framework for the activities of international organisations and donor agencies. It is probably not very us... |
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Indira and India (03 November 12:00) |
| On his first visit to Chennai after being appointed the US Ambassador to India in 1994, about a dozen of Chennai’s residents were invited to the American Consulate for a chat session with ... |
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Bitter truths (03 November 12:00) |
| This is with reference to “Cane truths” (Business Line, November 02). The article is apt and pertinent, more in the context of the existing anomalies and the rising sugar prices. The ... |
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Profits tell a quarter story (03 November 12:00) |
| While the economy as a whole may be chugging along at an acceptable 6-6.5 per cent, going by official estimates,, Corporate India is nowhere near shrugging off the adverse effects of the gl... |
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More walls need to be pulled down (02 November 12:00) |
| The destruction of the Berlin Wall and the global market revolution that followed emancipated hundreds of millions of people. Though censorship and various forms of state control persist in ... |
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Cane truths (02 November 12:00) |
| When the government is entangled with fluctuating cane production, discontent among growers, escalating sugar prices in the open market and rising import dependence, what does it do? It chan... |
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Initiatives to spur development (02 November 12:00) |
| The UNDP has identified education and healthcare as the two prime indicators of social development. India’s rank in terms of the Human Development Index is poor because of its backwardness... |
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Zero tolerance for GM foods in Europe (02 November 12:00) |
| Food is to European culture what free speech is to American culture. There may not always be a good scientific reason for concern, but to consider eating something that has resulted from som... |
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Dual currency approach (02 November 12:00) |
| This is with reference to the “Common currency: Pitfalls and prospects” (Business Line, October 26). A lot is being discussed about the vulnerability of the US dollar as a reserve curren... |
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Market manipulation (02 November 12:00) |
| This is with reference to the news item “Shankar Sharma’s plea against ban dismissed” (Business Line, October |
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Whats the big hurry (02 November 12:00) |
| It is a measure of how lazily things move in the government these days that even as it heads into the Budget-making months, it will be without a chief economic advisor and a revenue secretar... |
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Taxes Code curtails CBDT powers (31 October 12:00) |
| The International Monetary Fund has brought out several papers on the question of improving tax reform in developing countries. A paper released in 1992 made the famous declaration, “The t... |
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Advance pricing agreement (31 October 12:00) |
| “The Board, with the approval of the Central Government, may enter into an advance pricing agreement with any person in respect of the arm’s length price in relation to an international ... |
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Engine resumes rolling (31 October 12:00) |
| For a whole year from July 2008, the US economy produced less and less in each successive quarter. This contraction led to a global slowdown, spurring the entire world to follow expansionary... |
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Central banks independence (31 October 12:00) |
| The management of the financial crisis has given rise to apprehensions that it might have compromised central bank autonomy vis-À-vis their respective governments. The governments and centr... |
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