OPINION
EDITORIAL
A report rehashed
FOR A DOCUMENT that was supposed to furnish a "detailed road map" for targeting subsidies "sharply at the poor and the truly needy," the Finance Ministry's report on Central Government Subsidies in India fall short of expectations. Unlike, say, ...
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AIRLINES
Airlines: The turbulence can be jolting
MAJOR airlines in the US are going through some tough times. The recent round of reports on their performance has left most investors fairly gloomy about a revival of fortunes in the near future. High fuel prices seems ...
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ECONOMY
Why the meek must inherit
Slums might be urban eyesores. In reality, however, they reflect on the acute myopia that afflicts the powerful sections of society. The draconian Rent Control Act, for example, is supposedly meant to protect the "welfare of the poor". It does just t he opposite, as a recent public interest investigation in Mumbai has shown. P. V. Indiresan thinks that force is the only solution even at the risk of angering arbiters of social and economic justice.
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Finance Minister's report on fiscal management — Wake-up call for quick remedial action
THE midyear review recently presented by the Finance Minister, Mr P. Chidambaram, to Parliament is a welcome addition to the periodic reports that the Government has been providing. The Government is enjoined by the ...
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PHARMACEUTICALS
Drugs, patents and options
While economists recognise the need for continuing R&D, they feel that options other than the current patent system must be explored which can encourage research and, at the same time, keep new drugs affordable. Under the prevailing fiscal proble n all countries, government funds for research would be inadequate and the government research organisations may like to play safe, affecting risky innovation.
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POLICY
Right to ignorance
THE angry protest of civil society organisations represented on the National Advisory Council (NAC), presided over by the Congress(I) President, Ms Sonia Gandhi, and intended to keep a close watch on the implementation ...
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FOREIGN DIRECT INVESTMENT
Promote FDI for higher growth
THE recent moves in opening the economy to foreign direct investment deserve fulsome praise. When an economy wants to grow at 8-9 per cent based on a savings rate of 24-25 per cent, it would surely need 5-6 per cent of ...
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LETTERS
Private sector reservation
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