The Hindu Business Line : Tuesday, October 21, 2003

Stemming the dollar tide
IF THE RESERVE Bank of India is for stemming dollar inflows, it should have done away with the interest rate differential between Non-Resident (External) Rupee deposits and Libor (London inter-bank offered rate). It could have gone bolder by ... More

ECONOMY

Neoliberalism, investment and growth in Latin America
The recent experience of most economies in Latin America contradicts the argument that neoliberal market-oriented policies are necessary for increasing investment and growth, even if they may have harmful effects on distribution and social sectors. I n this edition of Macroscan, C. P. Chandrasekhar and Jayati Ghosh look at some evidence from the latest UNCTAD Trade and Development Report 2003, to assess the effects of neoliberal policies on investment rates, manufacturing gro wth and productivity in the major Latin American economies. More

POLITICS

Beating about the Bush
THE deposed Iraqi chief, Mr Saddam Hussein, poses "danger to the world" is the latest invention of the US President, Mr George Bush. The Iraq war and the regime change were justified primarily on the ground that Mr ... More

WTO

General Council meeting of WTO — Picking up the threads from Cancun
It is time India took a pragmatic view of the emerging situation in the international trading arena, in general, and at the WTO, in particular. The two-day General Council meeting of the WTO beginning today in Geneva is thus crucial for India to wat ch the situation and move with tact lest its acts of omission and commission get blown out of proportion, says G. Srinivasan. More

NON-PERFORMING ASSETS

NPAs: Not a complete write-off
MUCH has been written about the banking sector's non-performing assets. A fair estimate from the banking sector reveals that around Rs 75,000 crore — or the equivalent of around $16 billion — of debt could ... More

LETTERS

Labour reforms

Falling tea prices

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