The Financial Express
 
 
 
 

 

 
   EDITORIALS
Wednesday, Aug 15, 2001 
India at 54
  Long years ago, independent India’s first Prime Minister, Pandit Jawaharlal Nehru, asked of us as a nation if we were “brave enough and wise enough” to grasp the opportunity freedom gave us and “accept the challenge of the future”.
Showcasing fashion
  Close on the heels of the recently concluded LIFW, the fashion industry will come together under one roof yet again. Prominent industry associations are gearing up to showcase the entire gamut of products including apparels, jewellery, shoes, bags, personal care and skin products, watches and cosmetics etc— which make for a whopping Rs 40,000 crore industry.
PRO BONO PUBLICO: S S Tarapore
There are no free lunches
  Recapitalisation is a word not found in the lexicon yet, the world over, although it is accepted as standard financial sector jargon. The cost of financial sector bailouts can be heavy and in some countries it has been as high as 50 per cent of their GDP.
EXPRESSO: Sourav Majumdar
It’s now time to act tough
  When the Unit Trust of India announced detailed portfolios of all its schemes as on June 30, 2001, the disclosures relating to non-performing assets in most of its schemes came as no surprise to those following the fate of the Trust and other financial institutions.
EAVESDROPPER: Key to making babus work
  It is no secret that former Union finance minister P Chidambaram is a fan of the South East Asian tigers, notwithstanding the spectacular collapse of their economies in the not-so-recent East Asian financial crisis.

   ANALYSIS
BETWEEN THE LINES: Kuldip Nayar
54 years after Independence: An open society, nothing more
  As India enters its 55th year of Independence, it can proudly take credit for sustaining an open society. But there is no other achievement without blemish. Even the open society became a question mark when the Emergency was imposed from 1975 to 1977. The lights of democracy were put out and very few resisted the darkness.
STATES: Joseph Vackayil
Who’ll Jaya wield the broom against—plastic makers or baiters?
  The Tamil Nadu chief minister J Jayalalithaa has raised the broomstick— this time against plastic. The question that’s haunting over 4,500 plastic units and 8.5 lakh employees and their dependents, rag pickers and industry majors who supply plastic raw material to Tamil Nadu units, is what Ms Jayalalithaa will do next.
VIEWPOINT: Pradeep S Mehta & Olivia Jensen
Learning to trust is key to competition
  The disagreement between the United States and the European Union on the GE-Honeywell merger is all the evidence one needs of a competition policy being both intensely important and highly controversial.
NEIGHBOURS: IMF to review Sri Lanka for changes to loan programme
  The International Monetary Fund’s Sri Lanka representative said on Tuesday it was reviewing its programme in the country in the light of current economic and political problems.
 
   
 
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