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Chink in the armour
To be forewarned is to be forearmed. The truism cannot be stretched too far, at any rate not in managing balance of payments. Even so, CRISIL, the rating agency for corporates, is right in highlighting its threat perception.
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Good governance: What exactly is it
The IMF's role in governance issues has been evolving over the years, and good governance has taken on increasing importance in our traditional mandate of promoting economic stability and what I call high-quality growth. It is not only the IMF, but also its member countries that have awakened to this concern, although with varying degrees of enthusiasm.
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An "association of persons" for tax purpose
When persons come together to earn profit, or enter into any type of syndication or joint venture, it can result in the coming into existence of a separate taxable entity known as an association of persons.
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Need to permit more commodities for development of futures market seen
Vijay K Aggarwal, who has been at the helm of the Forward Markets Commission (FMC) since December 1995 has opined on issues like various aspects relating to commodity exchanges, their current problems and their potential to benefit all sections of the people viz growers, traders and consumers.
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