Accountancy
CG syndrome
LIKE the proverbial flu or malaria, the ``corporate governance syndrome'' is fast catching up with everybody, if you are to believe the August edit of the CA journal. But syndrome is a group of concurrent symptoms of a disease, going by the Concise Oxfor
d Dictionary.
King without a crown -- II
IN THE absence of any specific provision in the statute -- mandating the appointment of chairman by a company -- the duties to be performed by the chairman, unless he has executive powers, are purely administrative and ministerial. Some of the duties are
enshrined in the AoAs of companies and/or in Table A of the Companies Act. The functions of a chairman are generally as follows:
Editorial
Oil worries
IT NOW SEEMS more than likely that the international crude oil price will not come down in a hurry despite the recent effort by OPEC to bring the price down from the 10-year high of $35 reached earlier in the month.
Forex
Why canonise exchange rate
Exchange rates are no longer a barometer of the economy's fundamentals. Those determined solely by market forces are found only in textbooks and, perhaps, in the IMF mythology. The RBI need not, therefore, be apologetic about its intervention. There is t
he need to make the exchange rate objectives subservient to the objectives of the monetary policy, says N. A. Mujumdar.
Information Technology
Computer language
BORN an Indian, one is bound to learn more than one language besides the mother tongue. Having spent considerable time outside Tamil Nadu, I had the opportunity to learn and practise Hindi, Gujarati and, of course, English. I always wondered how the tong
ue switches quickly from one language to another, when we meet people of different regions. With such Babel of tongues, we communicate coherently with others.
Miscellaneous
Serious issue manhandled
ONE WENT to see the Hindi film starring Aishwarya Rai and Anil Kapoor, Hamara Dil Aap Ke Pas Hai, because of the promos that boasted that the film handles the sensitive issue of rape and the raped woman being forced to go into the flesh trade thereafter.
Petroleum
World over the oil band
THE RECENT rise in oil prices has triggered two kinds of response at the global level: A political fix involving adjustments in supply from the members of the Organisation of Petroleum Exporting Countries and an attempt to get the non-OPEC oil producers
to discover and exploit new oil sources.
Policy
Fuelling a crisis
IF INDIA is going to take a cue from Europe when the petrol prices go up in the near future, then the Prime Minister, Mr Atal Bihari Vajpayee, is going to face some serious trouble indeed. The British Prime Minister, Mr Tony Blair, may have looked furiou
s at the press conference he addressed on the fuel crisis and the large-scale protests -- it was telecast live by CNN -- but will Mr Vajpayee be able to handle it in quite the same way if such protests do happen in India? He will have his own problems to
deal with, after all; knee replacement surgery is not the kind of thing that has you jumping about the day after the operation.
