The winter session of Parliament has passed a record number of bills ? an unmitigated plus. But what, one wonders,…
The rupee dropped from Rs 48.24 to the dollar on 1 January to Rs 48.84 on 30 June, 2002. Thereafter,…
Last Thursday, the Central Statistical Organisation released industrial output figures for October which showed manufacturing growth at 6.4 per cent.…
The first Mid-year Review of the Economy (MYRE) released last week begins well: ?This is a report on developments in…
Despite cautionary pronouncements out of the Reserve Bank of India (RBI) when bond yields on 10-year treasury touched 6.4 per…
Gold imports fell 17 per cent in the second half of 2001-02, and by 55 per cent in the first…
In the course of the first seven and a half months of this fiscal, the rupee has been steady vis-a-vis…
The Union finance ministry appears not particularly discommoded by the trajectory of its finances this year despite the near certainty…
Stubborn misrepresentation seems to have seized most people while interpreting the trade numbers for this year. Slow growth in imports,…
India stayed with inward-looking policies leveraged on State centralisation and missed in the late 1960s, the bus of manufacturing relocation…
Last Friday, the chief ministers of state governments made no bones. If the Union government could throw good taxpayers? money…
The justification for any bailout by the government is the prevention of the collapse of a financial system, where the…
The South West monsoon has withdrawn, having brought 18 per cent less precipitation than normal. Nowhere near as bad, as…
Calendar year 2002 is into its last quarter. It may seem early to write its epitaph while peering into what…
A rating cut is painful for the affected party and unpleasant for the rating agency. Certainly, in today?s civilised world,…
The Index of Industrial Production released last Thursday showed that output grew by 6.4 per cent in July 2002. For…
9/11 a defining moment in history, or at least in that of the United States: The cause of miseries the…
Time was when every increase in our foreign exchange reserves received unalloyed welcome. Not so, in recent times ?? all…
