The Hindu Business Line : Tuesday, May 14, 2002

Another test for the Trust
SEBI HAS CATEGORICALLY placed the onus on meeting the shortfall in the UTI's assured return schemes on the Development Reserve Fund. This is as it should be for the offer documents of these schemes had stated that the guaranteed returns and ... More

ECONOMY

Playing catch with China
COMPARISONS, they say, are odious. That is perhaps true for ideal societies, not today's economies — rather than states — that thrive on competition. One corollary of competition is comparison. When constantly choices are being made, ... More

The power of American MNCs
The recent release, by the Bureau of Economic Affairs of the US Ministry of Commerce, of the preliminary results of the 1999 benchmark survey of US direct investment abroad (Survey of Current Business April 2002), permits an assessment of the expansion and restructuring of the operations of US multinationals during the years of globalisation. In this edition of Macroscan, C. P. Chandrasekhar and Jayati Ghosh assess the degree to which the evidence supports conventiona l perceptions of the role of multinationals and the impact of their operations on developed and developing economies. More

INTEREST RATES

Hazy spots in interest rate policy
THE RBI's latest Monetary and Credit Policy well outlines the approach to interest rates. The underlying trend is one of further drop in the rates, both for depositors and lenders. A few points, however, remain to be cleared. In all the public ... More

INTERVIEW

`Lanka cannot allow economy to slide while waiting for peace'
LONG-TERM investors are going to wait for a while before investing in Sri Lanka, and while the direction the peace process takes is important, the Wickremesinghe Government cannot allow "the economy to drift and slide", while it engages the LTTE ... More

CO-OPERATIVES

Capital adequacy norms: Risks for urban co-op banks
URBAN cooperatives banks are in the news and for wrong reasons. From the Madhavpura collapse, the ills of the UCBs are being brought home to people. But on what framework do they work? The capital adequacy norms suggested by the Basle Committee ... More

ECONOMIC OFFENCES

Money for nothing
LOTTERY has gone hi-tech with the introduction of computerised issue of tickets, with customers having a say in the choice of numbers, digit-by-digit, so that he can delude himself that he is making an informed or a reasoned choice. For the ... More

LETTERS

Unfair deal for cigarette tobacco

Gilts scam

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RBI rules out change in G-sec trading norms

RBI rapped for secrecy over wilful defaulters' list

I-T benefit denied to BSNL, MTNL

Flex Industries imbroglio -- Opposition MPs bay for Sinha's blood

Playing catch with China

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
May. 5-May. 11
R. K. Talwar: A banker ahead of his times

Two nations, two agricultures

Gujarat tragedy: Pakistan, the beneficiary