After an 87% drop in the share price of Satyam last week on the arrest of some of its board members including the financial director, Vadlamani Srinivas, with the charge of falsifying accounts, the price rallied back 44% today with the announcement of a rescue plan and the appointment of new directors. The false accounting […]
Economics
Cameron the Partisan
In the UK, David Cameron set of an alternative to the consensus view of increased public investment and spending, in response to deepening downturn in the economy. Is he, enlightened? economically inept? partisan? Let’s look at his proposals: • Remove tax on savings up to the basic rate of 20%. • Increase tax free allowances […]
