The Hindu Business Line : Monday, May 02, 2005

Little beyond platitudes
BY ALL ACCOUNTS, the Japanese Prime Minister, Mr Junichiro Koizumi's maiden visit to India has not broken any new ground in any direction. All it has done is re-state the objectives of the India-Japan Global Partnership (in its fifth year). This ... More

ECONOMY

Aid, rewards or returns?
Aid programmes provide lucrative careers to bureaucrats and benefits to the organisers but offer little to the poor. It would be better to have a system of performance-based rewards. The best would be to guarantee the poor assured returns, so that th ey start investing in education. They will then also demand better services from their political representatives, disciplining the latter in a way neither the Centre nor aid agencies can, says P. V. Indiresan. More

Globalisation requires local citizenship behaviour too
As local communities in developing countries rush to attract factories to their neighbourhoods in the name of globalisation, they seem to lack the contractual skills, regulatory savvy, or institutional frameworks to keep the corporates in line. More

TAXATION

Why panic about what VAT will do to prices
A changeover to VAT does not result in any sustained increase in the price level. In most of the cases, it had caused a one-time initial rise in prices, which is reported to be happening in the States which switched to VAT on April 1. More

CREDIT POLICY

Further reflections on the Credit Policy
AT FIRST sight, the latest Credit Policy seems a "do-nothing" statement, leaving the crucial bank rate and cash reserve ratio unchanged. It has, however, the bells and whistles, the attachments in respect of ... More

MANAGEMENT

Creativity is in everybody
CREATIVITY is a universal concept. Everybody is creative — all we have to do is remove barriers of fear, criticism and familiarity in everything we do. Creativity applies to all domains. In industrial ... More

NEWSPAPERS & PUBLISHING

Whither newspapers?
THE jitters over the future of newspapers keep erupting regularly, occasioned by the power and pervasiveness of the electronic media. The ensuing debates, on the one hand, offer grim forebodings of the inevitable demise of the printed word and, ... More

LETTERS

The e-choupal scheme

Black money transactions

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