Wednesday, October 14, 1998
Sinha's free lunch
The exchange risk associated with servicing the $4.18 billion collected from the sale of Resurgent India Bonds (RIBs) was recognised from day one of their flotation. But the issue of covering the risk was not squarely faced.
Power problems
Power supply to UP and Delhi may be cut off because of non-payment of dues to NTPC. Bearing in mind the fact that UPSEB is also the state electricity board which makes the biggest losses in the country, the situation could scarcely have been different.
Comrades will back Basu despite differences
Blunder. Blunder is blunder. It hardly matters what kind of blunder it is--plain, geographical or historical. Historical blunder is what Jyoti Basu attributed to his party two years ago.
|
|
