Financial Daily
from THE HINDU group of publications

Friday, December 28, 2001





Coal sector growth stifled by sickness
THE COAL sector closes 2001 with none of the key issues, such as unrestricted entry of the private sector, sickness of three subsidiaries of Coal India Ltd, abolition of the CIL subsidiary concept and payment of arrears accruing from the National Coal Wa ge Agreement VI, resolved.

Designs for high growth and income
INDIA is zealously struggling to transform itself from a weak-strong model to a strong-weak model of economic governance. The strong-weak model is characterised by the primacy of households and the private sector in determining consumption, production, s avings and investment in a high-growth and high-income setting. The government is an indispensable part of such a setting but does not make microeconomic decisions. It supplies the facilitating economic, legal and regulatory environment with zeal and ear nestness.

Accelerate power reforms
GETTING THE STATES to tone up their electricity boards or even fulfil their promises to carry out reforms continues to be one of the biggest challenges in reforming the power sector in the country.

High feedstock cost hits competitiveness
RECENTLY, an editorial in a leading financial daily made the point that the country would be better off if it did not have the high-cost domestic naphtha and fuel oil-based urea plants.

Goodbye 2001
YOU have to admit 2001 was not a great year for many people. We will be glad to get it behind us, though we will not forget it for a very long time.

War or peace?
ARE INDIA and Pakistan inexorably moving towards war? Is a Greek tragedy waiting to be played out? Even if nobody wants war, will the face-off at the border plunge both nations into a conflagration?

`People were fed up with mismanagement' -- Dr Saman Kelegama, ED, Institute of Policy Studies, Colombo
THE mandate for change in Sri Lanka was more for economic reasons, than for ushering in peace and ending the ethnic conflict, says Dr Saman Kelegama, Executive Director of the Institute of Policy Studies in Colombo. In an interview to Business Line he sp elt out the expectations of economic revival from the Wickremesinghe government and said it was very serious about reviving the agricultural sector too, along with industrial sectors.

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