OPINION
FARM CREDIT
Agricultural credit — Case for mitigating lending risks
IN A significant budget announcement in July 2004, the Finance Minister, Mr P. Chidambaram, promised a doubling of the flow of agricultural credit in three years. He followed it up by a series of discussions with Indian ...
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OUTSOURCING
How boom can go bust
With its BPO portfolio including high-end analysis work, content management and knowledge management, India is a force to reckon with in the global BPO market. However, the industry's lack of adequate infrastructure warrants serious attention and, mo re importantly, calls for proactive support from the government.
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ECONOMY
The balanced scorecard — Manufacturing change
The balanced scorecard helps organisations to accurately measure the results of their actions. The constant monitoring of efforts galvanises the whole organisation into action.
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Poised for faster growth?
On the prospects for the economy during the year, the Mid-Term Review cites the scaled-down growth range of the RBI (6 to 6.5 per cent) for 2004-05 and says that "even at a relatively lower growth rate of 6 per cent plus for the current year, India w ill continue to be one of the fastest growing economies of the world". Admittedly, the farm sector's growth prospects have been doused a bit by a less-than-abundant monsoon. But, even so, the overall growth outlook for the economy "has been strengthe ned by the resilience displayed by industry and services".
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Plantation problems
THE CENTRE FINDS itself on the defensive over the continued weakness in the prices of plantation crops such as coffee, tea and pepper. Some members of Parliament, especially those from Kerala, fault the liberal import policy for this. The main ...
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HEALTH
Lesson for India
THE Guardian has come out with the disturbing report that at least three million of the UK's population of 60 million are in the care of doctors who "are not fit to practise, are incompetent or just not good ...
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STOCK MARKETS
US equities outlook is weakly positive
The outlook for American stocks is neither exciting nor gloomy, as the prices reflect lower earnings multiples. As oil prices climb, some profit-taking can be expected early in the New Year, followed by some stability. But anything more than a mode st rise is unsustainable. If operating earnings continue to drift further away from reported and economic figures, then one should be prepared to trust American stocks far less, says V. Anantha Nageswaran.
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CONSUMERISM
The right to protection
IT IS that time of the year when the festive mood starts to set in. People are busy shopping or planning vacation. It is that time when gifts are exchanged between family members and friends. The last thing anyone would ...
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LETTERS
PURA for development
Interest on SDS
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