Thursday, September 3, 1998
A wake-up call
The withdrawal of the Tata group's proposal to set up a domestic airline should be a huge embarrassment to the government. Here we have one of the country's premier business houses interested in investing in an industry where there is clearly scope for another player, and instead of clearing the proposal within days, the aviation ministry chooses to adopt all sorts of stalling tactics.
Welcome change
News from Durban is that, finally, member countries of the non-aligned movement (NAM) are going to tone down their favourite anti-west rhetoric and focus on economic issues. This change in focus was long overdue; nevertheless, it is to be welcomed. For long, the relevance of NAM in the post-cold War era was being debated outside the NAM forum, but the issue was hardly taken seriously within NAM itself.
Tatas bid goodbyes to airborne hopes
In romance, silence is often mistaken for consent but in business, it invokes a feeling of rejection. Ask the Tatas. After a strenuous three-year battle with political fate, the group has withdrawn from its ambitious airline project because the government would not demur.
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