Monday, June 29, 1998
Reddy money
The point in favour of the report on analytics and methodology of compilation of money supply data is that it provides the public a glimpse into the components of money supply, including those that are yet to be captured. Deputy governor YV Reddy's report also brings out the distinction between monetary and other financial aggregates. Because the issues are esoteric, baring them for public discussion is a good idea.
The Naidu magic
Much has been made of the lack of political stability at the centre and how this has vitiated the investment climate. Commentators have bemoaned the petty politicking that goes by the name of governance in New Delhi, and they have blamed politics for slowing down the pace of economic reform.
Core competence and economic evolution
Core competence can be viewed from two distinct yet complementary conceptual standpoints. The macro economic view of free cash flow, proposed by Jensen and the micro economic postulate of sticking close to one's knitting as a means of maximising business returns, proposed by Peters & Waterman.
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