The Hindu Business Line : Thursday, March 27, 2003

Throwback to control era
QUITE A FEW recent SEBI recommendations for primary market regulation are reminiscent of the stifling control raj of the erstwhile Controller of Capital Issues. Short of advocating a formula for setting prices of initial public offers, the ... More

ACCOUNTANCY

Let's name the parts
Part-time directors need to be doing more, says S. Murlidharan More

In the well
AMONG the latest announcements from the ICAI is an invitation to participate in various research projects of the Institute. This is a routine exercise that is also eternal, as any research ultimately turns out to be, because the Research ... More

Time to pool authority
G. D. Agrawal on the need to consolidate corporate regulation More

TAXATION

Countdown to VAT: Impact on Centre-State finances
The introduction of VAT has posed a problem in federal economies, developed or developing. The issue is more complicated in India as commodity taxation is levied at two levels — excise duty by the Centre and sales tax by the States. While such a system has no parallel elsewhere, the Centre and State must resolve quickly the compensation issue so that VAT implementation is on course, says S. Sridharan. More

EXIM POLICY

Exim Policy — Mere tinkering won't do
Instead of tinkering with micro policies every now and then, giving incremental benefits to the disparate exporting community, the Exim Policy should focus on macro issues so that exporters carrying on their jobs in spite of government intervention a t various levels do not show any let-up in their perseverance to go for fresh pastures and earn the much-needed foreign exchange. More

LETTERS

Iraq war

Palm oil

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