OPINION
EDITORIAL
Extracting more
AMONG THE FASTEST growing industries in the country's food processing sector, the vegetable oil sector — with an annual turnover of Rs 70,000 crore and expanding at a healthy 5 per cent per annum — operates sub-optimally because of ...
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TELECOMMUNICATIONS
For a new telecom mantra
The challenge before the new Government will be to sustain and build on the tremendous growth in all areas of the telecom sector since 1999. Special attention must be focussed on the convergence legislation, setting up a super-regulator, improving te ledensity as well as broadband connectivity and providing telcos the right incentives for infrastructure development.
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BUDGET
Budget is FM's leather bag
One wonders if the budging properties of the Budget were known long ago because budge also means a bag, from the Latin bulga for knapsack. And these days, the Budget causes almost everyone to budge, though a bit uneasily.
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ECONOMY
INDIA UNINC
Success of unorganised services
The growth of the economy in the 1990s was due to the partnership and proprietorship firms in service activities and not due to reforms pertaining to the government or the minuscule corporate sector. The non-corporate sector dominates the service act ivities and is the fastest growing sector in the economy. The size of this sector in service activities and the phenomenal growth rates achieved in the 1990s need recognition, says R. Vaidyanathan.
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ACCOUNTANCY
A cost that merits correction
S. Murlidharan on the anomaly in the regime for computing cost of shares derived from GDRs
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Job status can make a good feed
ALL OF a sudden, one finds too many mails from the Institute of Chartered Accountants of India (ICAI) popping into the inbox. From corporatelaws@icai.org Lalit Kumar Ruia, Secretary, Corporate and Allied Laws ...
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Big Four have room for improvement
REPORT cards of the giants in accounting have something uniform — that there is scope for improvement. AccountingWeb reports that the Public Company Accounting Oversight Board (PCAOB) in the US has found ...
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BOOKS
Basel II isn't the name of a movie
CONCLAVES of CAs rarely talk about Basel II, as if it were a chocolate recipe or a movie name. When will they ever know that it is the New Capital Accord that will require financial institutions to manage risk by ...
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LETTERS
Reduce poverty
Better banking
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