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Thin
silver lining |
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Everybody is getting prepared
to be told that the rate of growth of the Indian economy in
2001-02 may turn out to be as low as 4.5 per cent, a forecast
already made by the International Monetary Fund. |
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Claude-less
summit |
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The 17th India Economic Summit
— organised jointly by the World Economic Forum and the Confederation
of Indian Industry — has got underway as usual, but with a big
difference this year. |
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Restructuring
business or covert sell-off? |
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Just about every regulatory
and enforcement agency in India is investigating DSQ Software.
At the last count, these included the Sebi, the Department of
Company Affairs, the Enforcement Directorate and, in a peripheral
fashion, the CBI and the Joint Parliamentary Committee. |
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EAVESDROPPER:
Vaishveekaran, Sinha style! |
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Union finance minister Yashwant
Sinha delivered the ‘Dr Rajendra Prasad Memorial Lecture 2001’
on Globalisation: Opportunity and Challenges in the capital
last week. Nothing exceptional about that, of course. |
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Raise
liquidity, but don’t make markets more risky |
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Individual stock futures, introduced
in Indian stock markets recently, are said to be substitutes
of badla or Automated Lending and Borrowing Mechanism / Borrowing
and Lending Security Scheme (that was an acceptable market mechanism
till the ban on July 2, 2001.
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TAKING
STOCK: Rupali Mukherjee
Growing trade potential calls for direct air link with China |
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While China may soon become
a preferred trade destination for India Inc, designated air
carriers of both the countries are yet to explore the market
potential in that country. |
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Q&A:
SUSAN G ESSERMAN
‘Engage early and vigourously, and seek market access’
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The Unit Trust of India is
learnt to have represented to the income tax department that
it is not liable to pay the wealth tax claims slapped on the
Trust since 1993-94 to 1999-2000. |
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Shelters
for displaced slum dwellers |
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In its latest initiative,
World Vision, an international non-governmental organisation,
has handed over 221 houses to slum dwellers in the Capital and
another 94 houses to widows and orphans in the Tauru block of
Gurgaon in Haryana. |
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COMMON
CAUSE: Indu Bhan
Japan joins community initiatives in India |
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Last week, the embassy
of Japan awarded an assistance of $1,92,531 to three Indian
non-governmental organisation (NGOs) to support various projects.
The NGOs—Andhra Mahila Sabha, National Association for Blind,
and Loreto Educational Society— were selected from 200 applicants
for Japan’s ‘Grant Assistance for Grassroot Projects’ programme. |
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