The Hindu Business Line : Monday, December 09, 2002

Defaulters on the run
A LONG WHILE ago Charles Lamb divided human species into sprightly borrowers and degraded lenders. Today lenders are looking a chirpy lot and borrowers a bit ill tempered, with Parliament recently passing the Securitisation Bill. Bankers have ... More

ECONOMY

With the exit of a reluctant guru... Will mantra of strong dollar go?
Now that the US Treasury Secretary, Mr Paul O'Neill is gone, the million-dollar question is if the mantra of the strong dollar will follow him. Some say it already has. There is, however, compelling logic for the dollar to fall, as the US' eco nomic fundamentals do not justify its high valuation, says V. Anantha-Nageswaran. More

Mid-year review: Hopes and fears
If, despite its lucidity, the mid-year review fails to enthuse, it is because of the earlier hype and the high expectations from it. It is still a transparent and helpful guide to what we can expect from the Finance Minister in the months before and at the Budget. And there is no shortcut to taking the bitter medicine the review recommends. More

Growing pangs of globalisation
The IMF and the World Bank, while defending globalisation, candidly acknowledge that global economic policies have to become more development-friendly. Recurring crises in the world economy have established that globalisation cannot be universally pr escribed as a sovereign remedy to all countries, unrelated to physical, social, economic and cultural conditions. More

TERRORISM

Doctrine of counter-terrorism
IN a recent article, Mr B. Raman, the analyst of terrorism-related issues, wrote: "... Till to-day, the nation does not have a credible counter-terrorism (CT) doctrine based on national consensus. There has been no clear identification of the ... More

FINANCIAL POLICY

RBI and new policy paradigms
FISCAL transparency and full disclosure are the buzzwords, including in government circles. The Finance Minister, Mr Jaswant Singh, has declared that he would demystify the Union Budget. This is no easy task considering the sea of numbers ... More

FINANCIAL INSTITUTIONS

IDBI's travails of conversion
A FORMER Chairman of IDBI once had this to say about management consultants, whom the institution was forced to appoint, to play catch-up with its fancied rival in the mid-1990s. These chaps tell you what you already know, he said reflecting ... More

RAILWAYS

Other tracks to money-making
AFTER the runaway success of "Palace on Wheels" which introduced, for the first time, the concept of a hotel on wheels more than two decades ago, two more trains — the "Royal Orient" and "Buddha Parikrama" — were introduced. While ... More

LETTERS

Housing loans

Ties with Russia

Reinventing cities

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