The Hindu Business Line : Friday, June 17, 2005

Death of distance?
THE PROVERBIAL "death of distance" implicit in the Communications Minister, Mr Dayanidhi Maran's "One India rate" proposal is truly welcome from a consumer perspective as tariffs will drop for long-distance calls. The prospects for further ... More

FOREIGN TRADE

FTAs: India must tread with caution
It is important for India to ensure that FTAs work to its advantage. Thorough homework is needed on the political and economic fronts before finalising long-term commitments on global trade. More

INFRASTRUCTURE

SPV route for infrastructure projects — Enticing, but flawed, financial engineering
A variant of the proposal to use forex reserves for infrastructure, the special purpose vehicle route, is expected to raise long-term funds for select projects. The SPV mechanism is expected to boost infrastructure without affecting the fiscal defici t because such borrowings would not be reflected in the government's accounts. Though such financial engineering seems enticing, one must consider its economic consequences, say Amarendu Nandy and Bithin Mahanta. More

PRECIOUS METALS

Case for more realistic gold policy
Gold consumption in India is increasing as, amid political and economic uncertainty, the yellow metal continues to be a safeguard against currency fluctuations and will have a significant role to play in monetary controls, both internal and external. It is time the RBI and the Ministry of Finance put in efforts to evolve a suitable gold policy for the country to protect investors. More

SECURITY

`Whom should I die for?'
DR MANMOHAN SINGH has earned the distinction of being the first Indian Prime Minister, to have visited the Siachen glacier. Without in anyway detracting from the trouble he has taken and the empathy he has shown, it is ... More

BRANDS

Brands are created in the mind
IIM ALUMNI are working to create a global brand in the US, much like what the IIT-ians did a few weeks ago in Washington DC (www.iit2005.org). A survey by Vivaldi Partners and Forbes magazine has found ... More

LETTERS

Screen smoking ban

Horlicks and sleep

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