The Hindu Business Line : Friday, May 19, 2006

FULL CONVERTIBILITY...
Demands a re-think of policy calculus
After the South-East Asian contagion, stability has been held to be sine qua non for growth, especially in developing countries. In the context of the debate on convertibility, perhaps India needs to re-work the policy calculus: Accumulate res erves, aimed at curbing volatility and enabling growth, or trade stability for higher growth? More

America's war on the yuan
Hawks in the US were expecting the latest bi-annual `Report to Congress on International Economic and Foreign Exchange Rate Policies' released by the US Treasury to brand China as a "currency manipulator." K. SUBRAMANIAN looks at the circumstances le ading to the Treasury's stand. More

PETROLEUM

Reliance gas: A clarification
This is with reference to the editorial "No case for Govt." (Business Line, May 6): At the outset, it may be clarified that no decision has been taken by the Government on the proposal of Reliance Industries Limited (RIL) to sell Reliance ... More

POLITICS

A brave new Left on the horizon?
Mr Buddhadeb Bhattacharjee riding the crest of a popular tsunami is raring to go, even if it means breaking loose from the stalwarts of the Left living in the past. The chances of a schism within the CPI(M) are very real with Mr Bhattacharjee lead ing a Brave New Left. More

CINEMA

Connections may be invisible but they are always there
May 19. `The Da Vinci Code at cinemas worldwide,' announces http://flash.sonypictures.com. Rating is at `2.9/5' based on four reviews, on www.google.com, as at the time of writing this. "The movie is so drenched in dialogue musing ... More

ENTREPRENEURSHIP

Product launch
Bright young entrepreneurs are pooling their savings and taking recourse to borrowings for starting new ventures in the hope of striking it rich with new products and services. A number of outfits have sprung up ... More

LETTERS

Insecurity for senior citizens

Focus on education in Bimaru States