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Friday, May 7, 1999

Powering power
Term-lending institutions, led by IDBI, have stipulated that SEBs must cover their escrow commitments; the cover should be 1.25 times the projected monthly billing. This will ensure payments to independent power producers from whom the SEBs will purchase power for distribution and sale to the final consumer.

Uncertain economy, our own worst enemy
Our ability to inflict wounds upon ourselves - to be our own worst enemy is unparalleled. At a time when there should be a focussed thrust to rejuvenate the economy, the politicians, have once again plunged the country into uncertainties and political instability.

Spare the FIs
The government's proposal to divest 40% of Indian Airlines to financial institutions has a familiar stink about it. The proposal is nothing else but yet another egregious example of the cross-holding principle, under which one public institution is used to buy out the government's stake in another publicly-owned company.


Inspirations furnishing fabrics


  Future shock -- Threats to energy security
  Competitive corporate governance and the redundancy of BIFR
  The Index
  Exide Industries -- Aiming at higher margins



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