Mystery of Chinas growth
Updated: Apr 30 2007, 05:30am hrs
China has been issuing notices for several years now (China to restrain industrial output, cut energy usage, April 27) on official measures to slow the economy downfor a wide variety of reasons ranging from re-balancing plans to energy conservation. Yet, blissfully unware of all this, seemingly, its economy keeps growing in double digits. Is the government there much less in command of things than we are led to believe
Bad bill protests
While the aam aadmi is comfortable with private courier companies, the babu has become uncomfortable. The Union Cabinet is considering a move to ban the carriage of articles of 150 gm and below by courier companies, and to compel these companies to charge five times the fees charged by the postal department, for articles above 150 gm. This reeks of monopoly, and will break the back of courier companies that have done well largely because of the inefficiency of the postal department. The latter needs to improve its services.
Hansraj Bhat Mumbai
Reliance deserves a standing ovation for crossing Rs 100,000 crore in size (RIL net up 20% to Rs 10,908 crore, April 27). Its refining margin, at $13 per barrel, is testimony to its flexible crude input strategy, and should be noted by the worlds largest oil players.
KB Shah Mumbai