The Hindu Business Line : Monday, October 13, 2003

Coasting on cross-subsidies
THE ROAD TO reforms, even a die-hard would concede, is full of bumps. The cross-currents of interests, post-adjustment hiccups, together with memories of initial disappointments, have led to a general downgrading of expectations, which were never ... More

ECONOMY

After the battle in Iraq .... Is the war on Asian currencies right?
Given the US focus on Asian currencies, if the yen strength persists, the risk of a currency war rises, with pressure on China to do something. The Bank of Japan would be forced into aggressive intervention. Central banks would race to destroy the va lue of their currency. When currencies plummet, interest rates soar. Economic growth and equity risks would rise as also of trade protectionism and isolationism, says V. Anantha Nageswaran. More

Getting back on the growth path
What the developed world needs to do is to "coordinate" monetary policy, which will bring about stability in capital flows and an orderly realignment in exchange rates but only if it is "combined with coordinated fiscal expansion". More

POLITICS

Bellwether for 2004?
THE elections scheduled to be held in November-December for the State assemblies of Chattisgarh, Delhi, Madhya Pradesh, Mizoram and Rajasthan are bound to be keenly watched by psephologists, media pundits and political ... More

DERIVATIVES MARKETS

Why no future for interest rate futures
THE National Stock Exchange (NSE) recently made a presentation on how market players can use interest rate futures for hedging. This gives us an opportunity to debate on why there is no trading in these contracts on the ... More

INDUSTRIAL POLICY

Industrial policy options — Going beyond mere reforms
I RECENTLY came across a seminal contribution to the ongoing debate on economic reforms in India, written by a bright economist, Dr R. Nagaraj of Indira Gandhi Institute of Development Research. In a perceptive ... More

LETTERS

India and Asean

Promotion policies

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line