Balkan lessons
The war in the Balkans holds several lessons for countries such as India. One of these is political—the fact that alleged human rights violations can be used as an excuse to attack and dismember a sovereign state.

Selling Maruti
Opinion seems to be building up against the idea of the Government keeping a stake in Maruti. The other day, Planning Commission member Montek Singh Ahluwalia said this would be one way of reducing Government debt.

Taking stock of a current account surplus scenario
In a scenario of stable rupee, the forward premium on hedging USD borrowings would be low. Corporates would favour foreign debt to rupee debt if the cost of the rupee debt is significantly higher than forex debt.

  Abolishing par value of shares
  Sale of an undertaking involves numerous tax implications
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