Wednesday, September 23, 1998
All that is left of the Congress is rituals
As the convenor of a committee to draft a code of ethics for Congressmen, none would have been a more appropriate choice than AK Antony. In personal life, he has maintained high ethical standards. In political work, he has projected a profile of probity, never sullied even by a flimsy charge of corruption. What he seems to value most is his reputation for austerity and rectitude.
IMF seeks global economic control
The International Monetary Fund (IMF) was part of a 1944 agreement by the major capitalist powers. Its role was to facilitate convertible exchange by providing temporary assistance to countries which had depleted their forex reserves. This allowed them to pursue high growth and full employment through a low interest rate policy.
Why banks bully
Of the several reasons for rising industrial sickness, reflected in the spurt in registrations with BIFR in 1997-98, perhaps the most important is banking cussedness. Low import duties, hefty excise levies, dumping, and competition from the unorganised sector are tough problems.
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