The Hindu Business Line : Monday, January 10, 2005

Set sugar free
ALARM BELLS HAVE begun to ring over the soaring sugar prices, in the cash and futures markets. The Centre is upset because of the potentially bitter political ramification. High sugar prices hurt consumers, already reeling under inflation; it ... More

COURTS/LEGAL ISSUES

Judicial independence in the US
JUDICIAL independence at risk in the US, of all places on earth! Can it at all be within the realms of possibility? If some sensation-monger says it, you can dismiss it as unthinkable. But when the US Supreme Court ... More

ECONOMY

Report on Currency and Finance 2003-2004: Reflecting an upbeat business outlook
WE have had a profusion of progress reports on the Indian economy in recent weeks, the most recent being the Finance Minister's report on the fiscal outturn following the requirements of the Fiscal Responsibility ... More

PETROLEUM

New Delhi's oil initiative
The flight into ambition on the part of the Union Petroleum Minister should be overlooked because it is clear that his main objective is to develop an integrated Asian crude market, the centrepiece of which would be an Asian pricing system. However, Mr Mani Shankar Aiyar's dream of an Asian oil market has a long way to go before it actually sees the light of day. More

POLITICS

Access to power provides influence
MR GEORGE Bush will be sworn in on January 20 for his second term of office as President of the US. The inaugural festivities will include several lunches and dinners in the days preceding the inauguration, the actual swearing-in function, and a ... More

STOCK MARKETS

Forget the extreme, hedge for normal price events
THE sharp fall in the S&P CNX Nifty on January 4 pales when compared to the 13 per cent decline on May 17, 2004. This is but yet another evidence that the distribution of asset price returns carries fat tails, or that More

NATURAL CALAMITIES

Real crisis management
Emergency is the time for action, not for deliberation. A Crisis Management Committee is needed not to decide what orders should be issued during the emergency but to decide what should be done in the future to handle such crises better. Unfortunatel y, we do the reverse: Hold a Crisis Management Committee during the crisis, get in the way of urgent action, and forget about crisis management once the danger is past. This system impedes; it does not learn, says P. V. Indiresan. More

LETTERS

Service tax for all

Return on reserves

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