The Hindu Business Line : Wednesday, July 30, 2008

OPINION

CREDIT POLICY: Quarterly Review of Monetary Policy: Dr Reddy’s shock treatment
The RBI Governor, Dr Y. Venugopal Reddy, seems determined to leave a mark on central banking by taking a hawkish stand on fighting inflation even at the risk of a reduced — albeit slightly — outlook for growth. This is evident from ...

TERRORISM: Incubus of Indian Mujahideen
There is no need for any fumbling guesswork as to who was behind the lethally orchestrated Bangalore and Ahmedabad blasts that took place on successive days. The perpetrators, calling themselves Indian Mujahideen, have declared a no-holds-barred ...

EDITORIAL: Villain still at large
The monetary measures of the RBI persistently indicate, more than anything else, the fact that the economy is alive and kicking despite what the central bank terms, in its review of the first quarter of 2008-09, some “moderation”. ...

CREDIT POLICY: Overreacting to price rise?
The message conveyed by the Reserve Bank of India (RBI) through its First Quarter Review of Monetary Policy is loud and clear: Control inflation and anchor the relative expectations at a low level. Giving up its old and bold habit of ...

CREDIT POLICY: An apt response
There is little doubt that inflation control is the key macroeconomic challenge at this juncture and requires a well-measured policy response. In the last few months, along with monetary tightening, a variety of fiscal and trade-related measures ...

CREDIT POLICY: Repo rate hike ‘warranted’
Leading economists agreed that the steeper-than-expected hike of 50 basis points in repo rate was the standout feature in the policy review statement that was otherwise largely along expected lines. According to Mr Dharmakirti Joshi, ...

CREDIT POLICY: No comment from industry honchos
Leaving their industry chambers to pull the punches and do the tight-rope walking, several high-profile industry leaders on Tuesday refrained from commenting on the Credit Policy review of the RBI and the apex bank’s steps to contain ...

TERRORISM: The right to security
One newspaper in Kolkata on Tuesday morning carried the picture of a metal-detecting doorway at one of the railway stations being ignored by travellers with a security person nonchalantly looking on. To this writer at least, if anyone wanted to ...

LETTERS: Needed, strong leadership
The vast majority of the minorities in India are law-abiding citizens who do not indulge in violent incidents that take place in various parts of the country. Some of them are, unfortunately, misguided and swayed by leaders who believe in ...

LETTERS: Risks from nuclear plants
In the US, nuclear power supplies only 15 per cent of the overall electricity. Since the risks outweigh the rewards, the US decided not to set up nuclear power plants in its soil. ...

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Commodities & currency (July 29)

Gold (per gram) Rs	1,194
Silver (per gram) Rs	26.55
Brent crude (per bbl) Rs	5,279
US Dollar (Buy/Sell)	42.65/66

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