The Indian
Express
The Financial Express
Latest News
EIW
Market Indicators
Screen
Express Computers
Graffiti
Advertisers Forum
Travel & Tourism
Information Technology
Drumbeat: Ad Buzzaar
Astrosurf
Eco-India
Dr Know
Career India
Business Forum
Match Maker
Express Properties
|
Tuesday, April 28, 1998
| |
Futile ordinance
The power ordinance is well-intentioned, but whether it will result in a workable arrangement is open to doubt. The objective of bringing down subsidies to 50% of the cost of power cannot be questioned. But can the centre mandate the power tariff structure for the states?
|
|
Sensible accounting
The Securities and Exchange Board of India has now made it mandatory to disclose unaudited results of companies every quarter. This is a step in the right direction and more timely information should now be available to the public. But while Sebi's step is laudable, there is a chance that all that may happen is that we may be deluged by a lot of useless information.
|
 |
Delegated legislation: Not duly published
The legislature lays down the basic policy on a particular subject. It is often left to the executive to prescribe the details necessary for its implementation through subordinate legislation in the form of rules, regulations, notifications and the like. Delegated legislation is an accepted phenomenon in all countries. It is necessary as well.
|
Reliance does it yet again
Reliance Industries has once again posted results much above the market expectations. As against the market expectation of around Rs 1,500 crore profit, for 1997-98, the company has posted a net profit of Rs 1,653 crore. However, if one were to look at the stock price, it was not according to the historical pattern. In recent years, the stock price has shown an impressive jump prior to the results' announcement.
|
|
|
|
