The Hindu Business Line : Monday, July 07, 2003

Get the tea party going
IT IS TO be hoped that the broad understanding the Indian Tea Association delegation reached with the Pakistan Tea Association during its recent visit to that country will endure and provide the basis for regular import of Indian teas by ... More

ECONOMY

Where are we headed?
The message is that, to the international community, India has come to be accepted as a "developed developing nation", which really means that the possibilities ahead in the economic sphere are limitless. More

The myth of deflation
THE Consumer Price Inflation (CPI) is now supposed to be at a tame level of around 2.1 per cent a year in America. In normal times, low inflation would be a source of considerable satisfaction to policy-makers. However, now that the economy is ... More

The maturing of economics
The IMF's appointment of Mr Raghuram Rajan as its Chief Economist, its recognition of the perils of blanket financial integration, the questioning of monetary orthodoxy by its messiah — all speak of a sea-change in the Fund's worldview and, per haps, in the science of economics too, says V. Anantha Nageswaran. More

POLITICS

Needless pinpricks by the Centre
WHATEVER be the political complexion of the Governments at the Centre, a thread of arrogance and highhandedness runs through them all when it comes to dealing with State Governments. Even in Nehru's time, Chief Ministers used to complain that ... More

PRECIOUS METALS

Only glory, no ignominy
MOST coins have two sides: An ignominious, unfavourable side and a glorious, favourable side. But it appears that India's decision to "physically pledge its gold hoard to tide over balance of payments difficulties'' in 1991 continues to be ... More

REGULATORY BODIES & RULINGS

MARK TO MARKET
Why SEBI should permit short sales
INVESTORS are divided on the current equity valuations. Some expect the stock market to continue its uptrend. Others expect equity values to decline, rationalising that a technical correction is in order. Our market structure favours investors ... More

SECURITY

Defence: Decision-making paralysed
IN A recent and characteristically frank interaction with a newspaper editor, the Defence Minister, Mr George Fernandes, deplored the delays in procurement of essential Defence-related equipment. He described the atmosphere of fear at the ... More

LETTERS

Bt cotton

Retail trading

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