Business Daily from THE HINDU group of publications
Wednesday, October 08, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Wednesday, October 08, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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OPINION FINANCIAL MARKETS: Leave the rupee alone The Indian currency is near the Rs 48 level against the dollar. Sometime back, the Finance Minister announced that the Reserve Bank of India would do the needful to arrest the depreciating trend. Obviously the bank’s intervention in the ... POLITICS: Wages of 300 acres The dust has settled down on the Singur issue — more accurately, the 300 acres on which the fate of the people depended — and it is time West Bengal looks ahead and tries to fathom what is in store for it on the growth ... EDITORIAL: Hopeful injection The Securities and Exchange Board of India and the Reserve Bank of India have eased some of their own restrictions in what may appear to be quick policy responses to the ongoing credit crisis in the West that has squeezed the liquidity in both ... FINANCIAL MARKETS: Financial crises — Should the state intervene? In a recent article in the Financial Times, Mr Alan Greenspan pleads for the protection of competitive markets. Since early this year, as the sub-prime problem snowballed into a crisis, several such articles have appeared in ... FARM CREDIT: Debt Relief and Loan Waiver — A bad cheque that will bounce Section 138 of the Negotiable Instruments Act in India relates to cases of bounced cheques that are issued by persons in settlement of any financial obligations without the necessary credit in the accounts on which the cheques are drawn, ... POLITICS: The Palin-Biden debate The number of people watching the TV debate on October 2 between the two Vice-Presidential candidates in the US election, the Governor of Alaska, Ms Sarah Palin, and the Chairman of the Senate Foreign Relations Committee, Senator Joe Biden, was ... LETTERS: CRR reduction The RBI’s move to cut CRR by 50 basis points ahead of its monetary policy will help to ease banks’ liquidity but, as pointed out by various reports, it is early to comment its impact. Banks are also busy mobilising deposits, ...
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