Financial Daily from THE HINDU group of publications
Tuesday, December 24, 2002
Markets (Dec. 23)
BL 2501113.92 (-2.21)
BSE Sensex3329.01 (-7.61)
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Dollar (Buy/Sell)47.97/48.10
Gold Std (10 gm)5575 (+10)

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OPINION

EDITORIAL


Alleviating drought
THE PRIME MINISTER'S decision to waive interest on kharif loans as a one-time measure, as part of the Centre's effort to lessen the impact of the drought that has affected agriculture in 14 States, is politically correct but it will add to the ... More

PETROLEUM


A Venezuelan spanner in the works
The Venezuelan oil strike is yet to bite into the US economy. But even if it fizzles out soon, prices could still remain firm because it would be weeks before Venezuela could restart its idle wells, pipelines and refineries. More

TAXATION


Will Kelkar's paradigm shift spur growth?
The Kelkar Task Force proposals for direct taxes will, it is hoped, facilitate the efficient allocation of resources. In the area of indirect tax also, the idea is to remove end-use based exemptions and make incentives transparent by way of duty cuts . The aim is that these measures will contribute to `rapid' and `sustained' growth. More

WTO


Freeing trade or trading in trade?
The USTR, Mr Robert Zoellick, practises a particularly strong brand of free trade quite different from the way economists understand it. For him, like his President, Mr George Bush, those who are not for free trade are for terrorism. This rhetoric ma y be music to American ears, but jars on other WTO members, says K. Subramanian. More

INTERVIEW


India, China, Asean: The economic enigma — Interview with Dr Mukul Asher, Professor, National University, Singapore
The coming century is supposed to be that of Asia, with China virtually a superpower-in-waiting. Japan may be eclipsed but surely the sun has not set there. The Tigers of South-East Asia are beginning to roar. And the Indian elephant is ... More

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    India, China, Asean: The economic enigma — Interview with Dr Mukul Asher, Professor, National University, Singapore


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    In Focus
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    Looking back
    Dec. 15-Dec. 21
    Higher interest rate for senior citizens — Does it send the right signals?


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