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Monday, April 12, 2004

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OPINION

EDITORIAL
Reforms and promises
GOING BY THEIR election manifestos, the National Democratic Alliance and the Congress(I) are agreed on economic reforms. That is easy enough, but their track record when in power points to a reluctance to push economic changes on the ground. The ... More

ECONOMY
Why are some countries richer?
The tools of development are as much the establishment of the rule of law, of property rights, of efficient government, as the granting of foreign aid. More

Foreign capital and open societies
Building an open and competitive capitalistic India may not be achieved by keeping capital markets open to foreigners. This is not the same as arguing that keeping them closed would achieve those results. That would be a perverse interpretation. The conclusion is familiar but is worthy of repetition: India has to be built by Indians, says V. Anantha Nageswaran. More

GOLD & SILVER
Managing gold
THE Reserve Bank of India (RBI) has made a comprehensive review of the operational matters relating to management of reserves. Put out in the RBI bulletin of March, this has been done to bring about transparency of ... More

STOCK MARKETS
Illiquid stocks — Call auction design may not help
SEBI proposes to revive trading in illiquid stocks. At present, there are about 5,000 such stocks on the Bombay Stock Exchange (BSE). The capital market regulator proposes to use call auction design for the purpose. But ... More

FINANCIAL INSTITUTIONS
Understanding the IDFC imbroglio
IT WAS in 1997 that Infrastructure Development Finance Corporation (IDFC) was set up as a specialised financial intermediary to address the resource gap of the infrastructure sector. Its mandate was envisioned to ... More

LETTERS

  • Fiscal imbalance
  • Business courts



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