Financial Daily from THE HINDU group of publications
Tuesday, September 09, 2003
Markets (Sept. 8)
BL 2501607.18 (+25.50)
BSE Sensex4434.25 (+85.08)
S&P CNX Nifty1417.35 (+18.95)
US Dollar (Buy/Sell)45.78/45.91
Gold Std (10 gm)5685 (-5)

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OPINION

EDITORIAL


PPF is still relevant
IT IS DIFFICULT to see how the public provident fund has lost it relevance, as the former UTI chairman, Mr S. A. Dave, the author of the official report on old age social security, argued recently. Setting aside a portion of current incomes to ... More

ECONOMY


Economics of demonstrations against globalisation
BEGINNING with Seattle, Genoa, and the cities of Geneva, Laussanne, and Evian during the recent G-8 summit, there is an increasing wave of protests against globalisation (as indeed other local issues not subjecting ... More

PHARMACEUTICALS


WTO drugs deal: Does it really benefit developing countries?
The recent eleventh-hour agreement on TRIPs and public health concerns of poor countries has been hailed by some as a major breakthrough, while others argue that the resolution is purely cosmetic. In this edition of Macroscan, C. P. Chandra sekhar and Jayati Ghosh consider this latest agreement in the background of the previous experience and debate. They conclude that it does not provide much relief either to poor countries that may need to import drugs or to generic manufac turers of drugs in developing countries. More

BANKING


Should banks trade in shares?
Trading in shares by banks is close to speculation or gambling and the risks could, thus, be enormous. This calls for deeper scrutiny both by banks and the RBI, besides SEBI, lest the economy is visited yet again by another scam, with huge losses for the banking system, says R.Viswanathan. More

PROMOTIONS & OFFERS


Ad celebrities
MARK H. McCormack became a celebrity after he wrote a book, What They Don't Teach You in Harvard Business School. It was a most sought after book among MBA graduates. Interestingly, this celebrity set up a ... More

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