Economy
IMF quota and India -- GDP and trade statistics need review
Merely exploding a few nuclear devices is not sufficient to establish a nation's power. It has to prove its economic strength in terms of the size of its GDP, the universal acceptability of its currency as a store of value and the size of its internation
al trade measured, says M. R. Sivaraman.
Editorial
Why export?
IN THE MATTER of efficient disposal of burgeoning foodgrains stocks, the Centre finds itself in an awkward position for which it has none to blame but itself. Year after year, grain procurement prices have been raised indiscriminately, more for political
reasons than economic, and procurement volumes have expanded beyond the known needs of food security and the public distribution system.
Foreign Trade
Protectionism in world trade
PROTECTIONISM is a burning issue in world trade today. Despite the repeated assertions by economists that world trade should be purged of this problem, it continues to affect commercial relations among nations and prevents the betterment of developing co
untries through greater participation in world trade.
Information Technology
Yetties
SOME three million of them are at present working on the Internet chasing wild, but potentially golden, geese.
Politics
Honest officers get raw deal
The Finance Secretary, Mr Piyush Mankad's transfer is as scandalous as Dr Manmohan Singh's removal of Mr P. Shukla from the position of Finance Secretary. It was then interpreted as a clash of ideologies. Mr Shukla was not enthusiastic about the economic
reforms, while Dr Manmohan Singh pushed them to the hilt. The Government's explanation that Mr Shukla had expressed the desire to quit did not convince even the gullible.
Outcome of US Presidential elections -- No change in foreign policy
WHEN Mr David Lange, the profoundly committed anti-nuclear crusader, was New Zealand's Prime Minister, the American ambassador, Mr Monroe Browne, owned a racehorse called Lacka Reason. Mr Lange quipped to him: ``You must be the only ambassador in the wor
ld to own a horse named after his country's foreign policy.''
American Dream
BY now, we may know who the next US President is. The coverage around the world will have been extensive. Virtually every country will have kept an eye out for the result as America's presidency affects us all.
