Financial Daily from THE HINDU group of publications
Saturday, July 27, 2002
Markets (July 26)
BL 2501068.53 (-25.10)
BSE Sensex3024.35 (-70.61)
S&P CNX Nifty973.50 (-28.05)
Dollar (Buy/Sell)48.64/48.77
Gold Std (10 gm)5140 (-20)

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EDITORIAL


Carrier on call
COMPETITION HAS ARRIVED in international and national long distance telephony; and rates have dropped. Yet users have no freedom to choose from among the long distance carriers, and that robs them of the edge they ought to have. The Telecom ... More

ECONOMY


Macro-drought: Where policy lags
ECONOMIC policies are subject to a number of lags. Between the event and the authorities' awareness, there is the information lag. Between the awareness and the appropriate decisions there is the decision lag. Between the decisions and actual ... More

Faulty index?
THE latest report on the Human Development Index places India 124th and China 96th in a list of 173 countries. The report also says that "democracies are better at avoiding catastrophes and at managing sudden downturns that threaten survival". ... More

POLITICS


Will Abdul Kalam last his full term?
Dr Abdul Kalam is an independent and sensitive spirit, brought up in the belief that the shortest distance between two points is a straight, not a crooked, line. Confronted as he is bound to be by the venal wheelings and dealings of hard-boiled polit icians, will he dare to speak his mind? More

POWER


Can Mr Prabhu power up reforms?
EVER since the counter-guarantee programmes were put in place by the Narasihma Rao Government in the first half of 1990s to attract private sector participation in the power sector and the subsequent attempts to take away the sops to private ... More

TAXATION


It is on record
What forms part of the `records' was the subject matter of a recent court ruling. T. C. A. Ramanujam elaborates. More

Mountains of forms
TAX simplification is an oft-performed exercise. A recent one is the introduction of the `Tax Simplification Bill' in the US Congress, to simplify the tax code for many ordinary taxpayers. Mr Rob Portman, who has ushered in the legislation frets: ... More

ECONOMICS


Beware of economists on the loose
TICKS are tiny parasitic insects. They are small, wingless and bloodsucking creatures that live on the skin of humans and warm-blooded animals such as dogs and cattle. Ticks are also the stuff of audit assistants. Time ticks, relentlessly, and ... More
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