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Monday, October 19, 2009
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OPINION

RBI & OTHER CENTRAL BANKS: Fed called to account
In the US, there has always been a constructive tension between the Federal Reserve and the legislators, who are jealous of its powers. The central bank, created in 1913, is seen as exercising powers far beyond what was originally envisaged. It ...

ECONOMY: Poverty of governance
In the matter of the Human Development Index, India has once again performed poorly. Considering how proud the country is of its rapid economic growth, it should have been way above the level of 134 out of 182 nations. Obviously, the country ...

MERGERS & ACQUISITIONS: Scouting for M&As in Europe
Global merger and acquisition activity is still struggling and Europe is feeling the sting more than others. M&A activity across the world is at its lowest ebb in terms of the number of deals. In this scenario, European mergers ...

EVENTS: Air India butter
That Air India is an airline for government officials is an open secret. Where else will they get free upgrades? To formalise many such conventions, customs and traditions, the airline decided to set up a booking office on the premises of ...

EDITORIAL: One for the road
The old communist era joke about the Polish economy as the one that has done so much for the theory of planning and so little for its practice might well be an apt description for the way contracts are awarded for highway development in the ...

WATER: Inter-linking of rivers stillborn
For almost a century-and-a-half, from the days of the British rule, the idea of inter-linking of India’s rivers had cast a spell on the powers-that-were and the intelligentsia. The fascination had spilt over into the period after ...

HEALTH: Prize for ‘open defecation’
Last Friday, the papers carried two reports which project the stark reality of the co-existence of opposites in India. At one level, this phenomenon can be said to be indicative of the travails of trying to catch up with the developed world ...

LETTERS: Bt brinjal
This is with reference to “Concerns over labelling of Bt brinjal for consumers” (Business Line, September 16). Bt brinjal is the first food crop in India that has received approval from the Genetic ...

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 (Oct 16)
Nifty (at close)5,142.15(+33.30)
US Dollar (Buy/Sell)46.29/30
Brent crude (a bbl) Rs3,452
Gold (a gram) Rs1,474
Silver (a kg) Rs27,935


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