Wednesday, October 21, 1998
Support to Unit Trust is must
The current US-64 crisis is the price someone has to pay for important and commendable work done by UTI to support and stabilise the capital markets at times of need.
A laudable move
The Uttar Pradesh government's initiative to excavate and use the 300-year old "Indira wells" to provide drinking water to its people is laudable. Not only will this move ensure adequate availability of drinking water in the state, it will achieve this at a fraction of the cost associated with other alternatives like building new tube wells.
Steps for revival
Samvat 2055 has started off badly. Rumours of Telco posting a substantial loss in the second quarter pulled down the market by 89 points on Tuesday. The nervousness caused by the UTI imbroglio, and the large sales pressed by foreign institutional investors have led to an evaporation of confidence in the market.
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