Financial Daily from THE HINDU group of publications
Wednesday, December 25, 2002
Markets (Dec. 24)
BL 2501120.72 (+6.80)
BSE Sensex3352.77 (+23.16)
S&P CNX Nifty1085 (+9)
Dollar (Buy/Sell)47.98/48.10
Gold Std (10 gm)5600 (+25)

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OPINION

EDITORIAL


Fast forward
NOT LONG AGO, speculation in the forex markets was not taken to kindly by the Reserve Bank of India. Now, the central bank is just about short of sanctioning speculation. Forex reserves, like good Christmas tidings, are piling up with RBI ... More

ECONOMY


Mid-Year Economic Review — Sustained stress on infrastructure
Inadequate progress in infrastructure areas has made India lose out in several areas, including FDI, and impacted economic growth. The recent Mid-Year Review, like the Economic Survey, points out that quick regulatory reforms, including State- specific legislation, and a competition-friendly market structure, are vital to boosting investments in key sectors, say Pravakar Sahoo and Geethanjali Nataraj. More

TERRORISM


Capital punishment — Will it work as a deterrent?
There is a point of view that capital punishment should not be resorted to in an era that is far removed from the "eye-for-an-eye, tooth-for-a-tooth" days. The debate rages between those who say India should do away with capital punishment and move t owards being a "liberal, humane" society, and those who insist that in the face of increased terrorist activities, only deterrent punishment like a death penalty can work. More

NON-PERFORMING ASSETS


Securitisation Ordinance — How long will the party last?
THE last few months have been far too good for Indian lenders. Armed with the new Securitisation Ordinance, lenders have been going around, flexing their muscles, warning recalcitrant borrowers that they would not hesitate to take them to the ... More

STANDARDS & BENCHMARKS


When will we have e-democracy?
AT A TIME when transparency in decision-making, good public governance and corporate governance are becoming the norm in many parts of the developed world, governmental decision-making in India is still shrouded in mystery. Accountability ... More

TRENDS


One too many!
I AM at a loss to figure out exactly how to react to the opening of the Chennai chapter of the Observer Research Foundation (ORF) on December 19. Its aims and objects encompass familiar, if not stale, terrain. It aspires to "build partnerships ... More

LETTERS


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