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Friday, October 31, 2008
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OPINION

ECONOMY: Are we in for a Mexican standoff?
“Operation successful, patient dead” is an old chestnut. It is also like playing a perfect hook-shot — everything looks wonderful until you get caught on the fine leg boundary. Therefore, it seems to me that the time has ...

INTERVIEW: KPMG positive on India
Global consultancy and auditing major KPMG recently revamped its operations in India, strengthening its management team and nominating new heads along business lines. Notwithstanding the current concerns of slowdown and possible impact on ...

CREDIT RATING: Why weren’t the rating agencies up to grade?
Never before has any single industry come under the scanner in recent times as the ratings industry now with financials institutions falling like nine pins. Investors have always derived comfort from external assurance such as professional audit ...

EDITORIAL: Fuelling reform
Oil prices have dropped sharply to half the July peak of $147 a barrel giving some cause for cheer in an otherwise dismal global economic environment. With recession looming large in the US, the UK slipping into one, and major Asian economies ...

LETTERS: Liquidity crunch
Apropos the news item “Credit crunch not coming from the Banking system” (Business Line, October 29), the present credit squeeze situation is arising out of the overstretching of the deployment of ...

LETTERS: The relevance of Keynesianism
The article “Krugman resurrects Keynesianism” (Business Line, October 26) correctly remarked that the Nobel committee honouring Krugman at this point in time seems part of a “growing realisation ...






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Markets (Oct 30)
Nifty (at close)2697.05(+12.45)
US Dollar (Buy/Sell)49.80/82
Brent crude (a bbl) Rs3,058
Gold (a gram) Rs1,148
Silver (a kg) Rs17,575


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