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PRO
BONO PUBLICO: S S TARAPORE
Retirees need to work till they drop dead |
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The
structure of interest rates in the Indian economy has undergone
a sea change in recent years. The government and borrowers are
ecstatic at interest rates reaching a 25-year low. But the real
stakeholders, the savers, are in distress. |
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EXPRESSO:
SOURAV MAJUMDAR
The post-scam agenda |
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The
scam of 2001 has had at least one positive fallout: it has stirred
the powers-that-be out of their stupor and made them chalk out
some sort of agenda for the future of the country’s stockmarkets. |
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ON
THE OTHER HAND: Chinese advantage
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Parliamentarians
must be either naive or hypocritical to interrogate Arun Shourie
about why India managed a measly $17 billion in foreign direct
investment over the last decade, when China attracted 20 times
as much. |
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Globalisation,
Ranbaxy style |
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Corporate
India is only beginning to respond to the challenge of globalisation.
To be sure, quite a few companies do indeed aspire to be global
players, but they have only succeeded up to a point or in specific
conjunctures like being the world’s lowest cost producer of
scooters, aluminium or steel. |
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Mamata
back on track
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It
is the prerogative of the National Democratic Alliance (NDA)
to bid farewell and welcome back a coalition partner. Since
Ms Mamata Banerjee’s Trinamool Congress is a pre-election partner
of the NDA, even if she has been a troublesome partner, the
NDA can argue that it has the people’s mandate to bring her
back into the coalition. |
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EAVESDROPPER:
Caveat
emptor, say the politicos |
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The
occasion was the Delhi launch of a Microsoft product, and the
guest of honour was naturally, minister of Information Technology,
Pramod Mahajan. Just before he unveiled the product, Mr Mahajan
— to the bemusement of the software giant — had this to say,
“please buy this product at your own risk. I do not take any
responsibility about the product quality and the future of the
company.” |
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DOCUMENT:
How
Beijing is deepening reforms in the Railways
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Excerpt
from the speech of Wang Xiankui, Senior Advisor, Ministry
of Railways, China.
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HOME
TRUTHS: Double
checkmate |
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“MUM,”
said the son last Thursday. “I’ve got double teeth.” Out of
the corner of my eye, I could see Amma sit up interestedly,
even as I shrank into myself. “Show it to Dad,” I said shortly.
I was at the end of a nightmare week, and had another of the
same waiting for me around the weekend, with four colleagues
on leave. |
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BETWEEN
THE LINES: Kuldip Nayar
Of
rising perks and diminishing responsibilities
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Two
things have left me cold. One is the proposal by members of
Parliament (MPs) to raise their own emoluments, and the other
is the bungling in handling of relations between New Delhi and
the Tamil Nadu chief minister J Jayalalithaa. |
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India
needs to have a registry of ideas |
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The
world is run by ideas. Some are the foundation for inventions
and innovations. Given the possibility that international trade
in services would become free and rules-based in course of time,
the value of ideas goes up. |
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TRENDS:
Light at the end of tunnel for sluggish auto sector |
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Recent
data released by the Society of Automobile Manufacturers (SIAM)
offers a ray of hope to the beleaguered automobile industry.
Most of the categories have shown an improvement in sales and
production figures. |
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