The Financial Express
 
 
 
 

 

 
   EDITORIALS
Monday, Aug 27, 2001 
Was the Tata board ignorant about Niskalp?
  In the 1990s, when Ratan Tata gradually got rid of Russi Mody, Ajit Kerkar and Darbari Seth — the powerful satraps of the business empire — there were many who applauded his consolidation drive. For the first time the Group put in place a retirement policy, tightened the control of Tata Sons over the group companies and began to claim a fee for using the Tata brand name.
Back to paper raj
  Producing the new improved 12 page saral income tax return form has evidently been a labour of love. Passion and creativity are written all over it. Only someone utterly devoted to sarkari paper, someone denied the joys of playing with sub-clauses and sub-sections for the last three years, could have come up with this one.
Unity in diversity
  It would be an exaggeration to suggest that the South Asian Association for Regional Cooperation (SAARC) has arrived at a common position on the subject of whether there should be a new round of multilateral trade negotiations under the auspices of the World Trade Organisation. It is certainly the case that SAARC put up a common front of sorts and has expressed similar concerns about the unequal nature of the existing multilateral trading system.
Infrastructure is the key
  The sluggishness in India’s industrial growth continues unabated. Six core sectors — which constitute the country’s infrastructure — slowed to a 1.2 per cent growth in July 2001 from 6.1 per cent in the same month of last year.
EAVESDROPPER: Guerrilla tactics
  The Congress party’s resident socialist Mani Shankar Aiyar was at his radical best at a discussion on second generation reforms at the Rajiv Gandhi Foundation.

   ANALYSIS
A networked approach can help foster biotech growth
  It is a widely held belief the world over that biotechnology will be the economic driver in the 21st century. India has many strengths in this field, the most notable being the availability of a large pool of highly qualified, English-speaking scientific and technical manpower at a significantly low cost.
VIEWPOINT: K.K. Jain
Rules of Origin shouldn’t impinge on India’s trade interests
  The World Trade Organisation (WTO) negotiations on defining the general principles and formulating the Rules of Origin of products are finally over.
STATES: Dilip Bisoi
Battle between Orissa govt and AES set to intensify
  The Orissa government and US power giant AES Corporation appear to be engaged in a war of wits in a bid to checkmate each other. AES, which has acquired 51 per cent stake in Cesco, a power distribution company in Orissa, is planning to withdraw from retail business in the state.
COMMENT: R.K. Roy
Waning growth expectations and the decline of reform
  The finance minister shrugs off the assessment of Moody’s and of Standard and Poor’s: the two foreign raters recently downgraded India as an investment destination. Spokesmen of Indian business have added that the foreign raters lack understanding of India’s reform process.
 
 

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