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ACCOUNTING MATTERS
Fair Value or Fear Value?
- Dolphy D'Souza
Partner and National Leader, Ernst & Young
COVER STORY
Budget 2010-11 : A Please-All Effort
- Amit Singh Sisodiya and Ramana Pemmaraju
The UPA government's first full-fledged budget in its second term in office delivers the goods,
notwithstanding the stiff criticism from opposition. While it may not be a case of 10/10, yet kudos to the Finance Minister who
has not only successfully allayed all the fears over a sudden withdrawal of the economic stimulus package but
also been able to appease the common man or the salaried class by leaving the tax rates untouched,
while restructuring the tax slabs to give it the much-needed relief from the runaway food prices-led inflation in
recent times.
BUSINESS ENVIRONMENT
Tackling Fiscal Deficit : From Revenue Side
- Prashant Sawant
KNG Securities LLP, London
The aftermath of financial crisis has created concern over higher levels of government deficit in
both developed and developing countries. The emergence of BRICs may not be sufficient to sustain
global growth in case of widespread `PIIGS' phenomena. India's commitment to rationalize the taxation
system via Direct Tax Code, GST are just some of the measures to control the fiscal deficit.
BUSINESS ENVIRONMENT
Food Price Inflation : The Rising Threat to India
- Y Bala Bharathi and Sanjoy De
The rising food inflation and the decline in the farm sector may imperil
India's growth party as well as the long-term prospects of the economy.
BUSINESS ENVIRONMENT
Bt Brinjal : A Purple Row
- Y Bala Bharathi and G P Mrudhula
The common man's vegetable that finds a pride of place in every Indian kitchen is in the midst of a
hot controversy with the proposed introduction of Bt Brinjal.
INDUSTRY
Cement Industry : On an Expansion Spree
- Amit Singh Sisodiya and Ramana Pemmaraju
The Indian cement industry, which had only a few years ago been craving for consolidation, is
now witnessing a raft of expansion plans from national as well as regional, big as well as small players.
For now, it seems the mantra is: "Move over consolidation, enter expansion."
INTERNATIONAL FINANCE
The Euro : In Danger of Collapse?
- N Janardhan Rao
Amidst the reckless fiscal behavior of not only
Greece, but also other countries, the future of the
euro, whose viability is now being tested, appears to be
bleak.
INTERNATIONAL FINANCE
US Budget : A Tough Balancing Act
- Sanjoy De
In order to continue with the recovery process
and create more employment opportunities, the US government has proposed a budget with record deficit.
CORPORATE STRATEGY
Google : The New `Buzz'
- Amit Singh Sisodiya and Ramana Pemmaraju
Can Buzz—a new service from the search giant Google that integrates all the web properties on a
single platform—be potentially disruptive to the Social Networking giants like Facebook, Twitter and MySpace?
CORPORATE
Toyota : Reputation on Fire
- Y Bala Bharathi and Sanjoy De
The recent spate of recalls has badly tarnished the image of the world's largest carmaker,
and undoubtedly it has to work hard to repair the damage.
CORPORATE
BSNL : Past Perfect, Future Tense
- R Venkatesan Iyengar
The Sam Pitroda panel, constituted by Prime Minister Manmohan Singh, has come up with the
correct prescription to restore the ailing PSU's health. Now the ball is in the government's court.
M & A
India Inc.'s Overseas Acquisitions : End of the Deal Mania?
- Amit Singh Sisodiya and Ramana Pemmaraju
Ten years after the famed takeover of UK's Tetley by India's Tata Tea, the mood is more of introspection as
India Inc.'s chieftains go back to the drawing board to do a reality check on the risk-reward premise of
cross-border acquisitions.
ROUND TABLE
Microfinance - Macro Concerns
- Amit Singh Sisodiya and Ramana Pemmaraju
Though the concept of microfinance is not entirely new as it has existed in different forms in different parts
of the world for ages, however, its emergence as an organized business is of nascent origin as far as India
is concerned. The business of making the tiniest loans, as it is widely referred to, has achieved a
phenomenal growth in India in a very short span of time. But the promise of huge opportunities has attracted, as it is
being alleged, even vested interests who are eager to exploit hapless debtors, mostly poor peasants, to make
quick bucks. Besides, there have also been allegations of lack of corporate governance and other malpractices
on the part of the microfinance lenders in the country. To understand the ground reality as to how far
these allegations are true and what measures need to be taken so as to bring the real benefits to the needy, The Analyst invited eminent experts to share their views on the subject. Read on.
FINANCIAL SERVICES
US Bank Reform Proposals : Can They Prevent Another Crisis?
- N Janardhan Rao
President Obama's biggest regulatory crackdown on the financial sector since
the 1930s in a bid to prevent a return of 2008 financial crisis has drawn both applause and criticism across the globe.
ARTS & ARTISTS
Fitz Hugh Lane : Let There Be Light!
- Nirmala PG
casting but shade beyond the other lights
sky's clear
night's sea
green of the mountain pool
APOLITICAL
Women's Reservation Bill : Will It Empower Them?
- grk
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