Financial Daily from THE HINDU group of publications
Monday, February 23, 2004

Cross Currency


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Fulfilling the agenda
THE DECKS ARE expected to be cleared today for private airlines to fly to Colombo, ending the monopoly of the government-owned airlines on overseas routes. Reform and liberalisation of the civil aviation sector will have inched forward. Exactly ... More

Tamil Nadu continues on reformist trail
Access to funding from multilateral agencies for investment is subject to the State behaving responsibly in fiscal matters. Tamil Nadu's latest Budget gets high marks for heeding the compulsions of fiscal prudence. More

Benefits and costs of investing abroad
THAT the Reserve Bank of India (RBI) has permitted investors in India to buy foreign assets to a maximum $25,000 is indeed commendable. Such a move enables investors to diversify globally though in a small way. Domestic ... More

`Feel-good' in Pakistan too
The scene in Pakistan is different today, with the President, Gen Pervez Musharraf's dramatic U-turn on Afghanistan and other related issues. With Pakistanis living or working in the West feeling that it would be prudent to keep some savings at home, the country's forex reserves have climbed to the highest levels ever. This apart, there has been a spurt in construction activity, real estate prices are looking up and fundamentals are moving in the right direction. More

Internet Banking
ALL bankers, including those, if any, in the Reserve Bank of India, engaged in futuristic research on e-money and e-banking, must go through the very comprehensive working paper brought out by the IMF in the current ... More

PURA and quality of life
A well-designed PURA can curb, even reverse, the mindless growth of overcrowded cities. It can thus promote simultaneously both urban and rural development, raise the quality of life in both areas. That, says P. V. Indiresan, is the return on investment, of PURA, which will attract investments and slow rural-urban migration. More

Why does Comcast want to take over Disney?
IT LOOKS like we are about to be exposed to another instance of managerial hubris on a gigantic scale. Over a week ago, Comcast announced a hostile bid to takeover Disney. Comcast is the largest cable company in the ... More


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