OPINION
EDITORIAL
Disinvestment lessons
THE PROCESS OF divesting Government's stake in public enterprises has, even at the best of times, never been free from controversy. Quite apart from the ideological aspects of public versus private ownership of economic activity, allegations of ...
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AUDITING
Audit of govt companies: Is CAG extending its powers?
ONE of the few authorities which raises a sense of apprehension in the minds of government officials is the Comptroller and Auditor General of India (CAG). The CAG is empowered to appoint auditors, and direct the ...
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FOREX
Sponging out the liquidity
As the forex inflows have remained unabated, bank's stocks of securities are getting exhausted leading to a concern about the possibility of sterilisation of inflows of foreign money. The transfer of government and public sector deposits in commercia l banks to the RBI, which has the same effect as the raising of the cash reserve ratio in absorbing liquidity in the system, can be made in phases, depending on conditions of liquidity, says
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POWER
New power regime — Positive developments, grey areas
There have of late been several welcome changes in the power sector, including the freedom that the new Act gives the private sector to transmit, distribute and trade in power. While these will help the Government realise the ambitious goal of adding 1 lakh MW of generating capacity by 2012, more needs to be done by way of attracting private investment into the sector, says S. D. Naik.
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BANKING
Banks have much to do if winning streak is to continue
Multiple dimensions of the reform model have improved the lot of banks. But achievement of competitive advantage requires continued accent on efficiency, productivity and profitability and up-scaling of technological upgradation on a much larger canv as.
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WORK LIFE
Dozing at work
REPORTEDLY in January this year, a judge in one of the biggest robbery trials in British history admitted that he was asleep during part of the proceedings. One witness described the judge's head as lolling forward so ...
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LETTERS
Social security
Job opportunities
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