The Hindu Business Line : Monday, June 24, 2002

States go disinvesting
SOME STATES ARE humming the disinvestment tune again. It is perfectly understandable. Caught as they are in a fiscal logjam, they cannot but try to find ways to unburden themselves. So bad has the situation turned that they needed to be told by ... More

ECONOMY

Critical phase for Asian equities
SINCE the beginning of the year we, at Credit Suisse, have been advising high net-worth individuals who open accounts with the bank to buy Australian and New Zealand dollar denominated bonds. The advice was tentative to begin with (`you cannot ... More

US' mounting current account deficit
The rest of the world seems willing now to finance the US' high current account deficit, with savers flocking to invest in American equities and bonds. But the moment the attractiveness of the American capital market diminishes, the sustainability of the current account deficit as also the strength of the dollar will be in question. A collapse of the US balance of payments will lead to a serious global crisis. Hopefully, the RBI is taking the necessary steps to hedge its reserves against a possi ble decline in the greenback. More

ENVIRONMENT

(Dis)agreements on sustainable development
IN preparation for the World Summit on Sustainable Development at Johannesburg (August 26-September 4), national governments and NGOs are reviewing the progress made since the `Earth Summit' at Rio de Janeiro in 1992. The trend of decisions taken ... More

FOREIGN TRADE

India scores in Geneva
THE Trade Policy Review concerning India, which has just been conducted at the World Trade Organisation in Geneva, has thrown up nothing new except for the fact that, according to the chairman of the Trade Policy Review Body (TPRB), there has ... More

INFORMATION TECHNOLOGY

IT turbulence and HRD institutions
THERE was excitement as well as controversy on the eve of the new Millennium — about whether it should begin on January 1, 2000 or 2001. People the world over, determined to get over the 1990s, aggressively persuaded opinion- and ... More

POLITICS

Handle with care

CO-OPERATIVES

Urban co-operative banks — Turning the leadership around
FOR the urban co-operative movement in India, 2001-02 was as significant as 1992 was for the stock market. While in 1992 bank scams hit the stock market, in 2001-02 the stock market crisis knocked banks, particularly urban co-operative banks ... More

LETTERS

Sterlite buy-back

Interim administration in North Sri Lanka

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