OPINION
EDITORIAL
`No credit' for co-op directors
THE DEMAND BY the urban cooperative banks that their directors be allowed access to loan funds against the security of their own deposits is, on the face of it, unexceptionable. After all lending against one's own deposits is arguably the safest ...
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ECONOMY
The economy's balance-sheet
More than any concrete developments in specific markets, it is the fairly widespread acceptance of the continuing revamp of the economic structure that provides the brightest ray of hope. The most concrete measures have been and are still continually being taken in the financial sector.
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Managing the capital flow bonanza
Capital inflows have not merely resulted in an excessive accumulation of reserves with the Reserve Bank of India, but also in an appreciation of the rupee that is eroding India's export competitiveness. Analysing recent trends in the balance of payme nts, C. P. Chandrasekhar and Jayati Ghosh examine the nature of problem when it comes to managing capital inflows and its implication for policy.
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ENVIRONMENT
Industrial plantations by paper mills — Felling `exhausted' trees no eco-sin
PAPER Mills have been crying hoarse for industrial plantations on the plea of raw materials shortage. Big paper mills, have forest-leasing rights to cut timber for their pulping mills, with conditions set for ...
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POLITICS
Forecasts of TDP rout — Laid low by opportunism?
Opinion and exit polls predict a rout for the Telugu Desam Party in Andhra Pradesh headed by Mr N. Chandrababu Naidu. Whether such a prediction comes true will be known on May 13. Still, it seems that some of the sheen has worn off the person who has been lionised as India's most tech-savvy chief minister. His opportunism appears to have got the better of him, says Paranjoy Guha Thakurta.
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LETTERS
Need to rectify
Control fraud
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