The Hindu Business Line : Wednesday, December 24, 2003

MP's allowances
OUR MPs have done it again. On December 22, within a matter of 10 minutes, not stopping with generously expanding the scope and quantum of their perks, they gifted out of public money to all former MPs, regardless of ... More

FINANCIAL SCAN

RBI ponders liquidity management
THE much-awaited Report of the Working Group on Instruments of Sterilisation and Report of the Internal Group on Liquidity Adjustment Facility were released a few weeks back. Both reports make excellent reading and provide insights into the ... More

REFLECTIONS

$100-b question for Mumbaikars
Lachman Singh and his friends are post-1995 citizens of Mumbai, who, it seems, have no right to stay in the city's shanties. An outsider becomes a Mumbaikar if he belongs to the pre-1995 breed, a cut off which if not arbitrary is quite cruel. More

DOWN TO EARTH

A water war brews in Satara
Control of water resources by the government means their control by a few leaders who can continue in power. There is a temptation for these leaders to leverage water management projects electorally. Citing instances of diversion of water from one re gion to another in Maharashtra, Sharad Joshi thinks the stage is set for a water battle in the parched fields of Satara. More

EAR TO THE GROUND

SAILing on hopes
STEEL Authority of India Ltd is expected to post a bumper profit for the current year. Investors are speculating that the company would show a profit of nearly Rs 1,500 crore for the full year. A couple of foreign institutional investors are ... More

SENSOR

Profit-booking takes toll on pharma stocks
THE stock market recorded a volatile trading session on Tuesday and the benchmark indices posted a fall after a string of gains during the past few sessions. The Bombay Stock Exchange's Sensitive Index (Sensex) started out the day's session on a ... More

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