The Hindu Business Line : Friday, December 29, 2006

EMPLOYMENT
Sriperumbudur: A boomtown beckons
With a host of companies descending on Sriperumbudur to set up a spectrum of units, the once sleepy town near Chennai is transforming in a hurry. The changes most visible are in its socio-economic structure, with land value soaring over night and, mo re importantly, the local people getting paying jobs. For the companies, the draws are the proximity to a port, good infrastructure and availability of quality manpower, though as more and more units are set up, labour availability is becoming an iss ue. R. RAVIKUMAR and VINAY KAMATH survey the HR scene in the boomtown. "We are transporting all our workers, and the further afield we have to go the more expensive it will become. In a competitive business, every small increase will have serious c More

EDITORIAL
Tightening up
But will the SBI rate hike impact inflation as its origins lie elsewhere, in the supply constraints of most essential commodities? More

ECONOMY
New approach to planning in Tamil Nadu — Targeting the growth process
Achieving a high growth rate as well as a desirable level of income distribution is a goal that continues to be elusive in India. Thus, the maiden approach of the Tamil Nadu State Planning Commission to place importance on the `growth process', along side the growth rate, is interesting and appropriate. More

Is the economy losing the deficit war?
The Mid-Year Review of the economy tries to paper over the limited progress in containing the deficit bulge. More

FINANCIAL MARKETS
Panic in Bangkok...
... With baht on the boil
As quickly as Thailand imposed restrictions on foreign investments, it withdrew them, at least partially, going by the impact on the stock market. A. SESHAN analyses the Thai crisis and suggests that India, which is headed towards full convertibility , may have lessons to draw. More

LETTERS

Mega power projects

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