The Hindu Business Line : Tuesday, July 03, 2007

EDITORIAL
Punctured again
Teheran’s sudden demand that the price be reviewed every three years rather than five has halted the gas pipeline deal More

ECONOMY
Time to crank up the administrative machine
The proposal for a unified civil service holds out hope of greater flexibility in the civil services, providing scope for vertical and horizontal movement of personnel across the spectrum. There would also be a repository of talented and trained manp ower that could be tapped readily. More

FINANCIAL MARKETS
The return of the debt spiral
As the world marks the completion of a decade after the 1997 financial crises, evidence mounts that global financial fragility is on the increase, argue C.P. Chandrasekhar and Jayati Ghosh. In particular, new instruments and new players in credit markets have triggered a credit spiral, increased risk and rendered such risk more systemic. More

RAILWAYS
Make rail booking senior-friendly
There is a popular train that operates daily between Visakhapatnam and Hyderabad, with a first AC coach that accommodates 16 passengers in three cabins of four berths each and two cabins of two berths each (coupes). On that train, and only for ... More

BOOKS
More is not always better
Growth is no longer making most people wealthier, but instead generating inequality and insecurity. Continuing to expand the economy may thus be impossible; the very attempt may be dangerous, observes Bill McKibben in Deep Economy. More

LETTERS

TDS on bond interest

Millionaire count

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