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FE Editorial Risk plus profit
Several months of uncertainty, compounded by turf battles between RBI and Sebi, and a RBI-Sebi technical committee’s report in May, preceded the announcement that currency derivatives will be allowed.

Column The party in Beijing

It may not amount to much for detractors of the Chinese communists, but their pragmatism plays a critical role in ensuring their own political survival.

Column Rationalising defence procurement

Defence expenditure across the globe is showing an upward trend and, with developing countries assuming greater importance in the global defence industry, global dynamics are constantly evolving.

FE Editorial The long game

China’s communist party has shown a surprising belief in superstition by choosing to open the country’s first Olympic games as hosts on the ‘auspicious’ 08/08/08. And they just may need some divine luck to ensure the smooth success of its ‘coming out’ party.

Blog cafe Above average

Remember all those studies showing that people claim they are above-average drivers? Or above-average at other things they do? It may not just be self-deception.

Letters to the editor Elementary lesson in banking

Janmejaya Sinha says he visited six banks in Mumbai’s banking district to encash traveller’s cheques of his friend from the US. Two foreign banks declined to encash for two different reasons, but Sinha compliments them, saying they have done their homework on the economics of transactions well.
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