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Thursday, September 18, 2008
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OPINION

INTERVIEW: Shut the revolving door between investment banks and Government
A Government bailout means a taxpayer bailout. US taxpayers - whether they were part of this unscrupulous and foolish swindle or not - will foot the bill.. This is the time of greatest danger for ordinary people, cautions Ms Lila Rajiva. ...

FOREIGN RELATIONS: Chinese checkers at Vienna
One of China’s greatest assets in its dealings with India has been gullibility and the readiness of Indian political leaders, diplomats, intellectuals and ideologically-motivated political parties to look at every Chinese statement, ...

SOCIAL SECURITY: Pension reforms – a welcome move
One has been hearing a lot about various initiatives towards reforming the pension regulations. Before going into the details, it will be useful to understand these .Pension benefits in the broader sense of the term covers three types ...

BOOKS: The economics edge
After having seen the recent fall of giant financial institutions, a common worry closer home is whether the sub-prime crisis can occur in India too. “We do not have such lending but given the large increase in the share of mortgages ...

ACCOUNTANCY: NREGP: Keynesian intent, ominous portents
In year 1936, the noted economist Keynes advocated governments to embark upon schemes involving digging of trenches if only to fill them post-haste as a means of generating employment and tackling underemployment which, in turn, he averred, ...

ACCOUNTANCY: Resizing an elephant
Abraham Lincoln once remarked, “When you have got an elephant by the hind legs and he is trying to run away, it’s best to let him run.” Hopefully, the Government will not allow the elephantine Companies Act, 1956 to run away as ...

EDITORIAL: Data doubts
At a recent conference of States and Union Territories, Prime Minister Manmohan Singh rightly expressed concern over the reliability of India’s macroeconomic data. If figures as basic as Gross Domestic Product are way off the mark, it ...

LETTERS: RBI’s transfers
This is with reference to “Change of guard at Mint Street” (Business Line, September 15), where the author discusses his views on transferring the surplus from the RBI’s balance sheet to the Government ...

LETTERS: Tackling terror
The article “Taming the demons” (Business Line, September 16) was timely and relevant. Unless we evolve a national consensus on terror, the approach to tackling it will be lopsided and divisive elements, both ...






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Markets (Sept 17)
Nifty (at close)4008.25(-66.55)
US Dollar (Buy/Sell)46.28/29
Brent crude (a bbl) Rs4,175
Gold (a gram) Rs1,093
Silver (a kg) Rs18,020


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