OPINION
FINANCIAL SERVICES
Romance secrets in post office
IN Tagore's The Post Office, Amal wants to be the King's postman when he grew up. "Ha! ha! Postman, indeed! Rain or shine, rich or poor, from house to house delivering letters - that's very great work!" laughs the watchman. That was ...
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EDITORIAL
The market is nervous
ANY ASSESSMENT THAT Friday's steep decline in equity values at the nation's bourses is one of those routine gyrations would obviously be naive; but the many who believe that it is the result of a conspiracy of vested interests disappointed at the ...
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ECONOMY
The EU grows in size and, hopefully, in influence
ON May Day 2004, the European Union officially welcomed 10 new members. By expanding from 15 to 25, the population of this group has increased from 380 million to 460 million, dwarfing the US size of 290 million. The ...
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A May Day with a difference
MAY DAY is traditionally a day for celebration for labour unions. May 1, 2004 was, however, another kind of May Day — a day for celebration of another event, the enlargement of the European Union (EU) by the addition of ten nations, ...
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MUTUAL FUNDS
Floaters that cut the risk
ING VYSYA is the latest among mutual funds to launch a product that will invest in floating rate bonds. The product is attractive because it lowers interest rate risks. The problem, however, is that such funds do have ...
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POLITICS
Birth pangs of a new regime
ON FRIDAY, the CPI (M) leader, Mr Sitaram Yechury, said that there should be a total ban on disinvestment vis-à-vis the public sector Navratnas and profit-making PSUs and that the Disinvestment ...
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Why not officials also
ELECTIONS to the Central and State legislatures once in five years are a means of affording the people who are sovereign in a democratic polity an opportunity to evaluate the performance of the governments formed by ...
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Political honesty
Politicians' concern about reputations, not elections, is what keeps them honest.
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CREDIT POLICY
Countdown to Credit Policy 2004-05: No shocker from RBI
IF THINGS go as scheduled, the Reserve Bank of India should unveil the annual Monetary and Credit Policy on Tuesday. It is somewhat surprising that, unlike in the past, observers, in general, and the markets, in particular, have not shown much ...
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RURAL DEVELOPMENT
PURA: HUDCO opens the door
HUDCO's offer to finance pilot PURAs in a few viable locations is merely crossing the first hurdle. Hopefully, with good infrastructure in place, private ventures will be attracted. For the villages to celebrate, however, they must attract large expo rt businesses. A seed of at least 500 high-value jobs in the export sector will be needed for a PURA to take off, says P. V. Indiresan.
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LETTERS
Definitional differences
CJI's appointment
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