The Hindu Business Line : Thursday, October 24, 2002

Legitimate delay
ONE CANNOT REALLY fault the Minister of State for Chemicals and Fertilisers, Mr Tapan Sikdar, for indicating that time may be needed until the presentation of the Union Budget to finetune the long-term fertiliser policy, although that may mean ... More

ECONOMY

State finances — Perils of procrastination
While there are considerable variations in their position, almost all States experienced fiscal deterioration since 1997-98 because of their inability to contain the growth in revenue expenditure and the reluctance to raise additional tax and non-tax revenues. Launching the economy on a higher growth path would depend to a large extent on the State-level fiscal reforms, which cannot be delayed any longer, says S. D. Naik. More

POWER

Leveraging distribution — From Gujarat, a new revenue model for IPPs
INDEPENDENT Power Producers (IPPs) across the country, bogged down by myriad problems, such as escrow accounts and government guarantees, may get a fresh lease of life yet if a model being worked out under the aegis of the Asian Development Bank ... More

LETTERS

Centurion Bank take-over

Gift certificates

The conversion debate

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