The Hindu Business Line : Tuesday, August 24, 2004

EDITORIAL
Inflation lessons
FOR THE MOMENT, the Centre seems to prefer the fiscal ploy to a monetary gambit in its efforts to contain the sharp rise in inflation rate to a four-year high of 7.96 per cent. That seems sensible as it may not thwart growth, which, in turn, ... More

ECONOMY
Oil prices and the world economy
The recent rise in world oil prices has led to fears of renewed inflation and possibly even recession as governments attempt to reduce inflationary pressures through fiscal and monetary contraction. In this edition of Macroscan, C. P. Chand rasekhar and Jayati Ghosh consider the causes of the oil price rise and assess the implications for the world economy. More

Price spiral: External factors, the culprit
Though the runaway rise in prices witnessed recently is largely a consequence of factors beyond the control of the UPA Government, the new regime will nevertheless have to bear the consequences of the sharp increase in the inflation rate. What is wor se, the Government can do little or nothing about it because the circumstances responsible for the increase in the inflation rate are external in nature, says Paranjoy Guha Thakurta More

Oil price hike and inflation — Cushioning the impact of a double-whammy
INFLATION is indubitably the cruellest form of taxation as it hits a large number of people, especially in a country of continental size like India, where the number of workers in the unorganised sector is legion. ... More

PETROLEUM
Oil: On the skids
In any activity, the initial phase usually yields the greatest profit or advantages. In the case of oil, a new well yields oil readily. As the reservoir becomes depleted, more energy has to be used to extracting the oil. More

LETTERS

Economic data

Steel tariffs

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