Financial Daily from THE HINDU group of publications
Wednesday, June 23, 2004

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Status quo ante on IIM fees
IT SHOULD OCCASION no surprise that the Indian Institutes of Management (IIM) have one after the other resolved to maintain the status quo ante on their fee structure. For IIM-Ahmedabad, it was a reiteration of the stand it had taken all ... More

Good luck, Mr Sharad Pawar
Mr Sharad Pawar has vast administrative experience as a former Chief Minister of Maharashtra and Defence Minister at the Centre. If he is serious about increasing private investment in agriculture, Mr Pawar must reform the agricutural marketing syste m and restore property rights, at least for the farmers. More

Budget 2004-05 — Some taxing issues ahead
Tax rates have often been linked to exemptions. When policy-makers decide to change an economy's behaviour, the tax code is usually the tool they use. Raising revenues to support government's direct expenditure programmes and operations in society is only the tip of the iceberg. Will it be a Budget with a `human face', asks T. C. A. Ramanujam. More

Agent or arbiter
A DRAWBACK common to all democracies is that once the voters have cast their votes for particular parties and candidates at the time of election, they lose their hold over them, and their right to regulate what their ... More

Power: How to ignite a revolution
The power sector is in serious crisis. The Government just has to come out with clear-cut, long-term growth plans for the sector, including a firm SEB divestment schedule, strategies to attract investment, a national fuel policy that accounts for ris ing crude prices and transportation options and, most important, a serious effort at tapping alternative sources such as hydel and bio-fuels. More

Exporting food, losing water
THERE is a new government in New Delhi. The NDA regime had made much of food `export', as an election plank. That food export was morally wrong, when millions of Indians starve, is just one aspect of this charade. ... More


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