Thursday, November 12, 1998
Asian tigers lose faith in market forces
The Japanese ruled the global markets for most of the 1980s. Many other Asian economies replicated the success of the Japanese and emerged as `Asian Tigers'.
Freedom for PSUs
It is easy to take potshots at the public sector on grounds of inefficiency and sloth. But this is only one side of the picture. The other side is lack of freedom.
Holding firm, arm merger invites stamp duty
Maharashtra, Gujarat and Rajasthan are the only states which levy stamp duty on mergers. In July 1996, the Bombay Stamp Act was amended to provide that the rate of stamp duty would be 10% of the aggregate market value of the shares issued or allotted in exchange.
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