Ethics of intelligence
MS Katherine Gun was one of the 4,000-plus employees of the General Communications Headquarters (GCHQ) near London, working as a translator. The GCHQ is a sanitised name for the greatest operational outfit for ...
GLOBAL FINANCE & OVERVIEW
Shedding complacency over oil
Though it is often claimed that if wars of the 20th century were centred on oil and that conflicts of this century would be over water, the trigger could well be both. With the euphoria generated by reports of strong economic growth, India has its wo rk cut out to meet the ever-growing demand for energy, particularly oil, says V. Anantha-Nageswaran, looking at the issue of oil and its poorly-understood price dynamics.
India scores in human rights report
The US State Department's latest report on "Human Rights Practices in India" is rather grudging in its approbation of the Indian human rights situation, and that it would have been happier had the conditions on the ground were worse
ON THE MOVE
Railway wagons: High demand, short supply
HARDLY a day passes without people queueing in the office of the directorate of rail movement in Fairlie Place in Kolkata. They come from far and near seeking allotment of rakes immediately, either for movement of raw ...
A RINGSIDE VIEW
Small corrections may check recovery
THE Government intervention last week has changed the complexion of trading in the secondary market. Visibly, the selling pressure dissipated on the last day of the trading week. The key indices also saw a mild recovery. Investors have been ...
Serious imperfections plague mutual fund industry: Cadogan
In fact, it is sarcastic to the point of stating that if an investor remains with a scheme even after 18 months, it is to be assumed that the person has either died or has forgotten about the investment.
US Court nod to Pfizer leaves Dr. Reddy's sick
WHILE the encouraging reports on economic growth and manufacturing helped the old economy stocks gather momentum, technology stocks declined on profit bookings on the US markets last week. The Nasdaq Composite Index declined 0.4 per cent last ...
ERRORS & OMISSIONS EXPECTED
Let there be a break in studies
BPO is now a political issue and a social topic apart from being a new entrepreneurial avenue that is yielding a lot of jobs. One of the criticisms about business process outsourcing units is that they attract young talent before they get to ...
Bamboo as green gold
LAST week, inaugurating the seventh World Bamboo Congress in New Delhi, the Prime Minster, Mr A.B. Vajpayee, was at his poetic best, waxing eloquent on the virtues of that humble but powerful reed. He said, "Our aspirations and expectations ...
MARK TO MARKET
The principal-agent conundrum of MFs
The principal-agent problem arises because investors cannot monitor the actions of the professional money managers who work for the asset management companies. Also, the payoff to the AMCs does not typically depend on the actions taken on behalf of t he investors.
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