Business Daily from THE HINDU group of publications
Wednesday, November 05, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Wednesday, November 05, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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OPINION FOREX: Lesson: RBI can stop the rupee on rise, not when it falls Many, including the Finance Minister, look unhappy when the rupee rises. They seem happy when it falls. But even they cannot quite enjoy the rupee’s 27 per cent plus fall against the dollar in the past 10 months. Market economics would ... AIRLINES: Aviation: Whither the standards? Mockingbirds are best known for mimicking the songs of other birds, often loudly and in rapid succession. Players in the Indian aviation sector have similar qualities — making loud claims, repeating the tall claims often and mimicking ... ECONOMY: The PM’s mantra A Prime Minister must necessarily have the larger picture in mind when he suggests self-restraint on the part of segments of society to overcome a national crisis. The basic principle involved here is that someone must make a sacrifice for ... EDITORIAL: IBA’s helping hand Slowly, the shell-shocked economy is being treated to a stream of positive signals from Mint Street and New Delhi. While the Reserve Bank of India launched a softer monetary policy with a bouquet of liquidity-boosting measures last Saturday, ... FINANCIAL MARKETS: Global financial reforms The cataclysmic developments in the financial and banking sectors in the US and other industrial countries would not have sprung an ugly surprise on the world had the countries woken up sufficiently early to the plenty of alarm signals that ... ECONOMY: Departure from inflation-targeting The Reserve Bank of India’s moves to spur the economy through repeated cash reserve ratio and repo rate cuts are all very well. But one wished it explain the current turbulence by providing more theoretical insight and perspective, ... FOREX: Wanted: A new global currency It is over a month since Lehman Brothers caved in, and more than three weeks since Iceland’s Prime Minister warned that his country was close to national bankruptcy. Over the last few weeks, there have been a number of high-level meetings, ... LETTERS: Big task for RBI This refers to the news item “RBI opens liquidity tap again; signal for rate cuts” (Business Line, November 2). Opening the liquidity tap 360 degrees is as bad as keeping the same tightly closed. The need of ...
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