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Friday, May 28, 2004

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OPINION

OUTSOURCING
BPO: US must go beyond the knee-jerk response
IT IS surprising, even to the not-so-ardent supporter of globalisation, to see the US, the champion of free trade, raising a hue and cry about outsourcing to India, and behaving in a manner that goes against the very ... More

EDITORIAL
Needed, harmony on agri-policy
IT IS HEARTENING that from the Prime Minister on, key ministers in the new government are all talking of strengthening agriculture, on which depends two-thirds of the population. The Finance Minister, Mr P. Chidambaram, wants the economy's growth ... More

CORPORATE
Corporate debt restructuring — Mechanism that needs a relook
The basic objective of corporate debt restructuring should be revival of units by increasing their production within a time-frame and, if necessary, by changing the management with government support. The CDR mechanism has not proved effective in redressing loan delinquency by big borrowers; it has, in fact, enhanced the losses. The system must be reviewed to make it more effective, says O. N. Singh. More

Resuscitating companies that are sick
FOR successfully running a company, a corporate chieftain should develop the capacity to diagnose the early symptoms of emerging sickness and devise the appropriate measures to set right the situation. Even where the ... More

COURTS/LEGAL ISSUES
Relationship between Supreme Court and High Courts — Let common good guide us in testing times
What is the relationship between the apex court and the high courts? Delivering a judgment, the Supreme Court's Mr Justice R. C. Lahoti said: "The Constitution has clearly divided the jurisdiction between the two institutions and while doing so, thes e institutions have to have mutual respect for each other... The High Court is not a court `subordinate' to the Supreme Court." More affectionately, "if the Supreme Court and the High Courts both were to be thought of as brothers in the administratio n of justice, the High Court has a larger jurisdiction but the Supreme Court still remains the elder brother." More

POLITICS
Baseless reference to Mr Moily
Mr M. Veerappa Moily, former Chief Minister of Karnataka, responding to Jayanthi Iyengar's article, "This Moilyism must stop," published in Business Line (page 10) on May 27, points out that "the facts are totally false." Stating that ... More

LETTERS

  • Neglected Orissa
  • Hopes from the new Government
  • Reducing fiscal deficit



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