The Hindu Business Line : Tuesday, May 24, 2005

Pension reform — Risk-sharing, the smart way to manage funds
With over four crore workers covered under the EPF Scheme 1952, the Employees' Provident Fund Organisation is finding it difficult to meet its obligations as it has been called upon to disburse interest at rates higher than its investments fetch. The New Pension System put in place by the erstwhile NDA government, buttressed by the provisions of the Pension Fund Regulatory and Development Authority Bill, 2005, will hopefully ensure that the subscribers' interests are protected, says G. Sriniv asan. More

EDITORIAL

Bold contours
THE NEW NATIONAL Map Policy can be described as the first major step towards removing the restrictions on the sale, publication and distribution of maps. For more than three decades now, security issues had kept maps of some areas out of the ... More

ECONOMY

The crisis of State government debt
The Twelfth Finance Commission (TFC) has made strong recommendations on the conditions to be imposed on States in order to achieve the debt reductions that are widely acknowledged to be necessary. In this edition of Macroscan, C. P. Chand rasekhar and Jayati Ghosh lay the background for assessing the implications of the Finance Commission Report, by examining the overall fiscal context and the need for restructuring States' debt. More

Sacrificing growth to curb inflation
Accretion of reserves benefits the foreign consumer, large industries and exporters, but it hurts investment. It seems, therefore, that the result of the economic policy is to not export wealth, to reduce the consumption of the Indian consumer, to hurt small industries and throttle domestic growth. More

TAXATION

The fat is in the fire
FOR THOSE who have a fast-food joint in Detroit, their fat could be in fire, what with the Mayor Kwame Kilpatrick, facing a $300-million budget deficit, proposing a 2 per cent fast-food tax. If the people of this ... More

INTERVIEW

`We are engaged in many areas — building, education, health'
It would be difficult for any country to match the kind of admiration and affection the Afghan people have for India. India is effectively and visibly engaged in both humanitarian assistance and reconstruction work, administering nearly $600 ... More

LETTERS

Rural revolution

In the interest of passengers...

Mobile tariffs

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