OPINION
EDITORIAL
Stress is showing
THE REPORT CARD on the Indian economy could have been a lot better. An inflation rate of around 7 per cent punctured the virtues of a probable 6 per cent growth. The Finance Minister, Mr P. Chidambaram, sounds a duty-bound optimist when he ...
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FOREIGN TRADE
India must think big, act fast on Latin America
China's entry into Latin America is a win-win for both sides. Latin America has the resources China needs and China offers market and capital. This partnership should be a wake-up call to Indian businessmen who have not paid enough attention to the n ew and emerging Latin American market.
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GENDER
Why `she' still remains unwanted
A CONFERENCE on sex selection diagnosis and female foeticide in Goa last week brought to light the disturbing proof of India holding one half of its population — actually somewhat less, as revealed by the Census ...
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IPR
`Breaking' patents — Effective use of compulsory licensing
In the light of the Doha Declaration and the bold Brazilian initiative to break the patent of several HIV/AIDS medications, the Government should provide for effective compulsory licensing which, exercised cautiously, has the power to remedy most of the problems relating to access and pricing of drugs. Doing so would be a great show of political will in implementing the legitimate flexibilities available under the WTO.
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HUMAN RESOURCES
Gadflies and mavericks
THE DICTIONARY defines a gadfly as a person who stimulates or annoys especially by persistent criticism, and a maverick as an independent individual who does not go along with a group or party. Both are dreaded by ...
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CORPORATE GOVERNANCE
Corporates, capital- or capitalist-owned?
A promoter may dilute his stake so much that other shareholders end up owning the company. Yet, he may call the shots, simply by being able to manage the company better than anyone and, more important, being so perceived by shareholders. If companies follow this principle, capitalism would have arrived, with precedence of `capital' over the `capitalist'. Maximising shareholder wealth becomes an objective function, transcending promoter family pulls and pressures, says Harish Damodaran.
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