Growth prospects
Yashwant Sinha could be right in holding that 1999-2000 will be a "watershed year", ending the three-year old growth stagnation. At the present juncture, the prognosis might appear to be overly optimistic.

Giving absolute monopoly to multinationals
The amendments to the Indian Patent Act recently passed by the Parliament do not strengthen the country's patent laws. On the contrary, they are designed to bypass the patent system and to grant exclusive marketing rights (EMRs).

Excise disputes -- Whom to blame more?
Tax receipts from customs and excise duties form about two-thirds of the central govet's tax revenues. At the ground level, the administration of these duties involves interpretation of a multitude of tariff descriptions, notifications, rules and procedures.

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