Financial Daily from THE HINDU group of publications
Monday, September 30, 2002

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Breaking new ground
THE GOVERNMENT MUST be complimented for standing firm, for once, despite pressure and provocation, on the issue of minimum support price (MSP) for certain kharif crops for the 2002-03 season. The decision not to hike the MSP for paddy and ... More


A churning in the IMF
IN RECENT months, a concerted move is on to reorient the working of the International Monetary Fund so that it can better meet the requirements of the international economy in the decades ahead. This refers mainly to the efforts being made from ... More

Economy on yellow alert
THERE has been a considerable controversy about the recent downgrading of India's debt to "junk" grade status by the international rating agency, Standard & Poor (S&P). It is necessary to review the downgrading with a sense of proportion. ... More

Europe after German electins — The same as it was before
The European model worked for nearly 40 years, post- World War. However, an aging society fears change and is resistant to immigration. Fresh thinking is required. The old model, with its emphasis on fairness and equity, needs to be tweaked a little to unleash animal spirits. That effort is being avoided. Europe lacks fresh air in every sense of the word, says V. Anantha-Nageswaran. More

Unctad report — Why poverty is still endemic in Africa
THE adoption of market-led economic growth model so assiduously advocated across the world by multilateral development and lending agencies the last two decades has not led to any distinct improvement in the standard of living of millions of ... More


Put your money in neoteny!
I AM a regular visitor to the Harvard University website and its many links, especially the one pertaining to the Harvard Business Review (HBR). I have never ceased to marvel at the tremendous build-up this University and its HBR have managed to ... More


Stymied divestment programme — A body-blow to FDI flows
INDIA is a complex nation. It moves one step forward and two steps backward. It sets a reforms agenda with a global view, but does not adopt a similar route to achieve the goal. Privatisation and FDI are recognised as the ways to revive ... More


North Block in lather on debt market reforms
EARLY this year, when Mr Yashwant Sinha unveiled the Union Budget, there was big talk of reforming the domestic debt market. Mr Sinha had proposed trading of government securities through an order-driven, screen-based system on the stock ... More


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