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Saturday, December 28, 2002

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The Polaris episode — Commercial transactions at risk?
L'AFFAIRE Polaris Software Labs throws up new dimensions in what is popularly called `risk management', particularly in the international commercial opportunities. Simply put, a contract is a promise by one party and a counter-promise by ... More

EDITORIAL


Mint Street far away still
IN A SHARP policy serve, the RBI proposes to allow short-selling in the G-Secs market to put debt and equity trading on a par. Short sales was banned even on an intra-day basis with sales conditional on holding of securities. But, now, a player ... More

AUDITING


The cat that chased the rat that...
IT IS jungle law that if there is a sparrow to watch a worm, there is a cat to track the sparrow, and a dog to pounce on the cat, and so on. Normally, economists don't work that way, because redundancy is wasteful, and so they tend to work on ... More

FOREX


Exchange reserves management — Is there a bold new way out?
It is the monetisation of the foreign exchange resources by the RBI which has enabled the Government borrow heavily from commercial banks and at such low rates of interest. But the RBI would prefer the Government borrowed from banks. And by holding down the external value of the rupee, imports are being discouraged. By that, the country is losing in terms of import duties, ballooning the fiscal deficit, says P. R. Brahmananda More
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Kelkar panel dilutes proposals for food products — Excise duty exemption on tea, coffee, spices, milk to continue


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In Focus
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Red signal for Chinese silk
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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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