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Friday, December 18, 2009
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OPINION

ECONOMY: Fiscal deficit: The Achilles' heel
The countdown for the Union Budget for 2010-11 is under way. With a growth rate of 7 per cent for 2009-10, the growth cheerleaders would be rooting for an 8-8.5 per cent growth rate for 2010-11. Fiscal policy, it would be claimed, ...

EDITORIAL: Deafening silence on inflation
On Wednesday, Question Hour was suspended and Parliament adjourned briefly on the price rise issue. About time, too, because until now the political class has been strangely quiet about inflation. If ever there was disconnect between ...

CLIMATE & WEATHER: Hardly a climate for change
Writing a column on the penultimate day of the ongoing 12-day climate summit at Copenhagen is surely foolhardy, as most columnists would reserve their remarks and analysis until after the conclusion of the talks. However, emerging parallels ...

FOREX: Countering China's ‘fixed' stance
One immediate offshoot of the near end of the recession and consequent recovery since March 2009 has been the phenomenon of surging capital flows to the emerging economies in Asia, causing significant appreciation of their currencies and ...

LETTERS: Profitable farming
This refers to “Taking a long-term view” ( Business Line, December 16). The author argues effectively for making farming profitable. Unfortunately, farming in India today is anything but profitable. Abysmally small holdings, ...

LETTERS: Food prices
I refer to the article “Food prices: Taking a long-term view” ( Business Line, December 16). The author has rightly diagnosed the problems ...

BOOKS: Architects of the Great Depression
That central bankers are invested with unusual power and prestige is well known. But what may not be known is that their decisions, especially those dealing with economic downturns and financial panics, can have a profound impact on humans ...


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 (Dec 17)
Nifty (at close)5,041.75(+0.30)
US Dollar (Buy/Sell)46.92/93
Brent crude (a bbl) Rs3,437
Gold (a gram) Rs1,606
Silver (a kg) Rs28,390


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