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Monday, August 23, 2004

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OPINION

EDITORIAL
Tinkering with tariffs
THE DECISION BY the Government to slash import tariffs on non-alloy steel to 5 per cent is part of the multi-pronged approach to containing inflation wherever it can. But it is a moot point if it will yield the desired results. Thanks to the firm ... More

INSIGHT
Individual self-interest overrides system's needs
THE electrocution of Anish in Bangalore and the deaths of the children in the Kumbakonam fire highlight the severe consequences when public officials fail to do the job they are paid for. But the lackadaisical work ... More

ECONOMY
Engineering solutions to inflation
Conventional economic theory holds that interest rates will have to be raised to reduce money supply and curb inflation. But this is a win-lose option as it will also slow down economic growth. Is there a win-win option? Yes, says P. V. Indiresan, if we take an engineering approach to economic problems. More

MUTUAL FUNDS
Fixed maturity plans: Managing interest rate risks through them
FIXED maturity plans that most fund-houses offer under their umbrella of bond funds have largely gone unnoticed. Or at least, these plans are not as aggressively marketed as the floating-rate bond funds. That is, ... More

PETROLEUM
Energy security — Devise alternative strategies on war footing
THE international price of crude oil has hit an all-time high of $46 to the barrel. The reasons for the increase are many and not too well understood. The situation has been particularly aggravated by the political ... More

POLITICS
Gandhi's torch
A TIME there was when the nation was deemed supreme, and those who had its interest at heart were prepared to lay down their lives at its altar. Alas, those days now seem relegated to misty antiquity. It is now each ... More

BANKING
On savings in a season of lending
Savings are one half of the raison d'etre for the existence of a bank and, hence, need to be promoted with the same gusto that marks the marketing of loan products. To talk of savings to an industry charged up on retail lending seems like pla ying spoilsport. But a comeback by savings may be necessary in the long term. More

LETTERS

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