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Monday, November 17, 2008
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OPINION

FINANCIAL POLICY: Stimulating developments
Last week saw some interesting developments on the international economic scene. The most important of these is China’s pre-emptive move last Sunday announcing a fiscal stimulus package of nearly $586 billion for two years. This amounts ...

BANKING: Banks’ interest rate hikes and cuts defy logic
Bowing to pressure from various quarters, including the government, the RBI announced a slew of measures in quick succession to increase liquidity. As an icing on the cake, the repo rate was also brought down by two percentage ...

EDITORIAL: Unfreezing lending
From the latest liquidity enhancing measures announced by the Reserve Bank of India late Saturday, it would seem the central bank is in a tearing hurry to unravel its tight money policy of the last three years. The markets had the weekend to ...

FINANCIAL MARKETS: Rising protectionism in Europe
As I file this week’s column, the world’s 20 most important government leaders are about to meet in Washington D.C. to discuss an ostensibly new fundamental reform of the financial system. I am reminded of an anecdote my father ...

SECURITY: Reinventing the police
There is not a single lawless group in the whole of the country whose record of crime comes anywhere near the record of that single organised unit which is known as the Indian Police Force…the police force in Uttar Pradesh is ...

LETTERS: Banks’ pension option
This is with reference to “Pension option: Actuaries’ report lifts staff hopes” (Business Line, November 14). The gap of Rs 18,000 crore in the two workings brings to light that the actuarial exercises ...





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Markets (Nov 15)
Nifty (at close)2810.35(-28.30)
US Dollar (Buy/Sell)49.01/02
Brent crude (a bbl) Rs2,522
Gold (a gram) Rs1,115
Silver (a kg) Rs16,510


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