Economy
Stabilising real economy vs stock market
It is simply impossible to predict what makes the market kick and what makes it tumble, or when it will kick up and when it will fall. Thus, it would be good policy to concentrate on the real sector and not bother too much about the course of stock prices. Stabilising the real market is a better goal than stabilising stock prices, says P. R. Brahmananda.

Editorial
More room to move
THE SEBI DECISION to widen the range in which a stock can move in a day should reduce trading disruptions. SEBI has widened the limit for intra-day band to 12 per cent from eight per cent. If the trends are any indication, even the 12 per cent cir cuit-filter may be hit in the information-technology and media sectors. With enhanced volatility and negotiated trades coming into the market directly, a higher limit seems justified, though the stock-specific circuit-breaker system itself needs a fresh look.

Miscellaneous
For a more effective RBI
``THE Reserve Bank of India is responsible for many of the economic problems India faces.'' This is a comment made by a top retired official of the Finance Ministry.

`Sinners' of Bengal, unite!
THERE IS little doubt that the decision of the All-India Congress Committee(I) chief, Mrs. Sonia Gandhi, to go slow with the `grand alliance' plan of Ms. Mamata Banerjee and the WBPCC(I) president, Mr. A. B. A. Ghani Khan Chaudhury, will bre athe fresh life into the Left Front bastion in West Bengal.

Insecurity of being an Indian
WE ARE a most insecure people. We do not look inwards at our own achievements

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