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Monday, March 16, 2009
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OPINION

FINANCIAL MARKETS: FRBM and recession
The fiscal deficit of the Government has been very much in the news. Commonly understood, fiscal deficit is the difference between the Government’s receipts and the expenditure. The borrowings of the Government are equal to fiscal deficit. ...

POLICY: Policy making to policy planning
Over the years, policy planning has become the basis for policy making. Policy planning is an improvement on policy making and came into vogue in the 1960s. Policy planning takes into account the present national and international ...

EDITORIAL: Green challenge
When the G-20 countries meet in the UK next month they are likely to focus more on the recession that has gripped their economies than on the long-term issue of climate change. They would, however, be wrong to view climate change measures as ...

COURTS/LEGAL ISSUES: A case to strengthen the judiciary
The coming elections may differ from previous ones (it may not) in two ways. One, annoyed by the incompetence of the government in tackling the November attack on the Taj Hotel in Mumbai, the upper middle class has been making loud noises ...

FINANCIAL MARKETS: The G-20 must act now
Closely following on the heels of the grim January update on the IMF’s economic outlook for the present year, the World Bank has sounded its warning along similar lines, perhaps sending out a message that is even grimmer. In fact, whatever ...

HUMAN RESOURCES: Managing layoffs with least damage
It is a sign of the times that when two people meet, the topic of layoffs is never too far off. The US unemployment rate in February was 8.1 per cent, up from 7.6 per cent in January and the highest since 1983. Some analysts estimate that the ...

LETTERS: Railways’ finances
Apropos the excellent review of the book Bankruptcy to Billions (Business Line, March 13), first and foremost, let it be made clear that in its over 160 years of history, the Indian Railways has never been ...

POLITICS: Third Front cycles
Our resident time series and regression master has pointed out that Third Fronts in India are like comets which follow a definite periodicity of appearance. He says the Third Front cycles come around every 10-12 years. The first was in 1967 ...

Columnists: C Gopinath Harish Bijoor G Chandrashekhar S Murlidharan Sharad Joshi Mohan Murti S Balakrishnan Bharat Savur B S Raghavan Ganesh Challa Bhanoji Rao Swati T Banusekar Ramanujam Sridhar Ranabir Ray Choudhury Rasheeda Bhagat P.V. Indiresan P Devarajan S Muralidhar R K Raghavan B Venkatesh S Venkitaramanan




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Markets (March 14)
Nifty (on Mar 13)2,719.25(+101.80)
US Dollar (Buy/Sell)51.70/71
Brent crude (a bbl) Rs2,329
Gold (a gram) Rs1,428
Silver (a kg) Rs23,570


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