The Hindu Business Line : Tuesday, September 02, 2003

Temporary relief
THE DRUG DEAL reached by members of the World Trade Organisation last week is but a temporary truce. Countries with conflicting interests have decided to put their differences aside for now, and seek a more permanent solution when negotiations ... More

ECONOMY

Mystery of US economic growth
The US second quarter GDP growth, revised up to 3.1 per cent from 2.4 per cent, supposedly came from higher estimates for consumer spending, investments and a lower trade deficit. But the real news, says V. Anantha Nageswaran, is that without the defence spending contribution of 1.75 per cent, GDP growth would have been an anaemic 1.35 per cent. More

FOREIGN TRADE

FTA success lies in partner choice
India should not expect any big FDI flows from the proposed FTAs, as most of the countries concerned, barring Singapore and South Africa, receive FDIs rather than invest abroad. More

FOREX

Dr Jalan on exchange rate, reserves — India's currency model best for Asia
EXCHANGE rates have always excited controversy. Indeed, one of the most politically explosive economic episodes in India's history concerned the devaluation of the rupee in 1966. The ruling party was sharply divided, ... More

BEVERAGES

A changed ownership structure may have bottled cola row
BY ANY reckoning the recent controversy over pesticide residue in carbonated beverages has been a public relations disaster for the cola majors. To be in the limelight and often for reasons not entirely of their choice ... More

RBI & OTHER CENTRAL BANKS

Tasks before Dr Reddy at RBI
DR Y. Venugopal Reddy is taking over as Governor of the Reserve Bank of India (RBI). I had an opportunity to work with him during the tumultuous days of the Gulf Crisis in the early 1990s. He was then Joint Secretary in ... More

LETTERS

Indian Railways

Mumbai blasts

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