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Friday, November 06, 2009
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OPINION

EDITORIAL: Gold comfort
Ten years ago, almost to the day, Robert Mundell, the Economics Nobel laureate for 1999 predicted that, over the next decade, gold would play a very major role in the world’s central bank reserve systems. As it turned out, the world ...

CREDIT POLICY: A finely tuned monetary policy
The RBI Governor, Dr D. Subbarao’s monetary policy of October 27, 2009, was formulated in the face ofmultiple dilemmas. But, in fairness, it must be said that the conflicting issues and objectives have been deftly reconciled and a ...

FOREIGN TRADE: Working towards an Asian century
This is an era in which kaleidoscopic changes are taking place in the world. They are getting to be most pronounced in Asia. It has come to stand for a possible paradigm in answer to the inspired exhortation of 19th century statesman, ...

POLITICS: It’s multi-racial, Down Under
Some time ago, I was invited to speak to the Rotarians in Chennai on business opportunities in Australia. After my talk, the first question I was asked was, “Why does Australia pursue a white ...

ENVIRONMENT: Kerala High Court’s green initiative
Last week the State Forest Minister Benoy Viswom hailed the decision of the Kerala High Court to set up a Green Bench to hear forest-related cases, which, he added, would beef up the efforts of both the government and the conservation movement ...

BOOKS: Regulatory process is the key, not regulators
A joke that I chanced upon went, “What’s a banking regulator? Someone who rescues and rescues and rescues banks until there are no banks left.” That is a mild one, you’ll agree, given the severe impact of the ...

FOREIGN TRADE: Wiring up Sino-Indian trade
For reasons good or bad, the large emerging economies of India and China are increasingly linked in popular commentaries. Comparing their relative strengths appears to be a favoured parlour-game these days. The focus ranges ...

LETTERS: Foreign capital
This is with reference to the report that the Finance Minister has stated there are ‘no immediate plans to curb ‘foreign capital inflows into the country. It is welcome news as we do need funds for various infrastructure projects ...

LETTERS: Yes We Can!
This is with reference to the article “Initiatives to spur development” (Business Line, November 2). The author’s positive attitude of hope for progress towards Vision 2020 should inspire and also ...

LETTERS: RBI’s gold purchase
This refers to the report “RBI buys 200 tonnes of gold from IMF” (Business Line, November 4). This move by the monetary authority of India is laudable. Gold is perhaps today the only commodity whose value is ...


Columnists: C Gopinath Harish Bijoor G Chandrashekhar S Murlidharan Sharad Joshi Mohan Murti S Balakrishnan Bharat Savur B S Raghavan Ganesh Challa Bhanoji Rao Swati T Banusekar Ramanujam Sridhar Ranabir Ray Choudhury Rasheeda Bhagat P.V. Indiresan P Devarajan S Muralidhar R K Raghavan B Venkatesh S Venkitaramanan




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Markets (Nov 05)
Nifty (at close)4,765.55 (+54.75)
US Dollar (Buy/Sell)47.02/03
Brent crude (a bbl) Rs3,693
Gold (a gram) Rs1,564
Silver (a kg) Rs28,595


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