-The Financial Express A forensic report prepared for the Serious Fraud Investigation Office (SFIO) shows over a third of India's top 500 companies, including those in the top 100, are "managing" their accounts. It finds that companies where promoters hold more than 50% of total shareholding are more likely to take such steps to impress markets with their performance. Both domestic companies and subsidiaries of multinationals listed in India show similar trends...
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When statistics lie -Paranjoy Guha Thakurta
-The Asian Age The much-quoted sentence, "there are three kinds of lies: lies, damn lies and statistics", was attributed to the 19th century British Prime Minister Benjamin Disraeli by American author Mark Twain. Although researchers could never find such a statement in any written work of Disraeli, the sentence gained universal popularity to signify how economists and other number-crunchers use the "persuasive power" of figures to make a political point or...
More »‘India Inc’s major portion of staff suffer from depression’ -G Balachandar
-The Hindu Chennai: Depression is reported to be one of the significant health problems facing the employees of India Inc, says a report of Assocham. Demanding schedules, high stress levels and performance-linked perquisites are having a toll on the health of corporate India's employees. Obesity is the second life style disease they are facing. High blood pressure and diabetes are the third and fourth major diseases, respectively. "Nearly 42.5 per cent of employees...
More »A lesson on land acquisition -CP Chandrasekhar
-The Hindu The parliamentary stand off over the Indian government's effort to ease procedures to acquire land for "public purposes" continues, with the government deciding to re-promulgate the ordinance amending the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013. Besides concern about the impact that this would have on the farming community and those dependent on it, another cause for the controversy is the...
More »Inflation down, but pinch is back as two indices tell different tales -Zia Haq
-Hindustan Times Sharmilla Dar, a government schoolteacher in east Delhi, is irritated about a sudden surge in vegetable prices in the last week after they had cooled considerably since a year ago. "Why can't the government keep things affordable?" she asks. For middle-class consumers, food inflation worries are creeping back in. The farm sector is hurting badly after a full year of unprecedented weather havocs - from a partial drought last summer...
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