|
|
|
Bailouts
are no answer |
| |
Either the finance minister
is completely out of touch or the financial institutions are
lying. Yashwant Sinha has told the media that no FI other than
IFCI — not even the Industrial Development Bank of India — has
sought a bailout package. |
 |
|
Crying
for Argentina |
| |
Argentina is hovering on the
brink of history’s worst sovereign debt default. This Latin
American country cannot service its $132 bn in public debt and
the probability of an outright default is sending tremors through
neighbouring countries like Brazil. |
|
|
|
| |
|
|
On
The Other Hand/ Take-off time |
| |
The
inter-ministerial committee’s decision to hike foreign direct
investment to 49 per cent in the Indian aviation sector from
40 per cent and increase the scope for foreign airlines to participate
in domestic airlines is a welcome development. |
|
|
McDonald’s
and a drummer boy |
| |
December
2 was celebrated as World Capitalism Day, in 115 cities across
the world, India chipping in with Delhi and Mumbai. There was
a Walk for Capitalism, sponsored by Prodos Institute’s Capitalism
Worldwide Campaign, writes Bibek Debroy. |
|
|
Management
Ver 2.0/ The way the crow flies |
| |
It was an idyllic
rural scene. Lush sugarcane fields on both sides of the highway,
the sun peeping over the horizon like a mellow red beacon, struggling
to throw back the covers of the morning mist, writes Manjari
Raman. |
|
|
Eavesdropper/
No more bad debts! |
| |
A financial
institution recently discovered a unique way of recovering a
loan. |
|
