Financial Daily from THE HINDU group of publications
Wednesday, August 21, 2002
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Fine-tune grain policy
THE HIGH-EVEL COMMITTEE to evolve a long-term foodgrains policy deserves to be complimented for the short- and long-term recommendations covering a gamut of areas including grain-based welfare schemes, public distribution system, minimum ... More


The Great Depression revisited
THE Great Depression of 1929-33 can easily be called the greatest peacetime cataclysm in economic history. Since the US was then the largest economy, it experienced the deepest contraction; its nominal gross national product (GNP) fell from ... More

Africa's tragedy — Famine as commerce
For the genetically modified food industry, reeling under a growing rejection of its untested and harmful food products, there is money in hunger, starvation and death. More


The cloud over the continent
FLOODING in Bangladesh, Nepal and India's North-East, when these areas should be dry, drought in Pakistan and north-western India when it should be pouring... No, weathermen are not wrong nor the gods angry. It is yet another of the manmade ... More


Gujarat polls: No vote from EC
The BJP badly wants elections in Gujarat, but the Election Commission is in no mood to oblige. In fact, the EC has come out with a 41-page report to say that the State is just not ready for early polls. The BJP is not on very strong legal grounds too , says Rasheeda Bhagat. More


How PSBs can refurbish their image
The potential competitive advantage of public sector banks lies in leveraging the knowledge of customers and the peculiar circumstances in which they work, and in making best use of their national network. To achieve this, they have to develop their own capabilities, work closely with government and other agencies, change the ways they work and redirect and reconstitute information flows. More


Will ARCs fare any better?
The creation of Asset Reconstruction Companies would not ensure that the festering problem of NPAs is better addressed. In fact, empowering institutions to recover their dues without the aid of the courts would be enough. The concomitant move to crea te ARCs would weaken the resolve of the institutions in reading the riot act to the defaulters. More


A CVC is as a CVC does!
The Central Vigilance Commissioner (CVC), Mr N. Vittal, is set to demit office next month, and Mr P. Shankar, another IAS officer, has been chosen to succeed him. Given the boost the post had received from the Supreme Court, and the unmistakable ... More


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