Financial Daily from THE HINDU group of publications
Friday, January 17, 2003
Markets (Jan. 16)
BL 2501134.14 (+4.43)
BSE Sensex3373.52 (+38.17)
S&P CNX Nifty1088.35 (+9.40)
Dollar (Buy/Sell)47.90/48.03
Gold Std (10 gm)5680 (-30)

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OPINION

EDITORIAL


Biotech dilemma
THE CHENNAI DECLARATION — the outcome of an inter-disciplinary dialogue held on the occasion of the 50th year of the discovery of gene structure — calling for a national food policy and agriculture biotechnology policy, as proposed by ... More

ECONOMY


Asia looks to US for economic resurgence
Asean and East Asia have to reckon with a slow recovery in the US and Europe projected for 2003, at least till the latter half of the year. Unless the dollar's downtrend is arrested, Asian competitiveness would be blunted and currencies will have to fall making the exchange market volatile. More

EU's tale of budgetary woes
This is not about the heroic efforts of the EU to ward off attacks on its stability pact or about problems connected with its enlargement. It is about budgetary woes. Should they cause concern to the members of the Community or to anyone outside? ... More

Overtaking China
THE tremendous hype surrounding China had inevitably produced three types of reactions: For the developing world, with India in the forefront, it became a kind of a lodestar, generating an ambition to equal it and even excel it. After China was ... More

EDUCATION


For an education system with Indian ethos
THE Human Resource Development Minister, Dr Murali Manohar Joshi, has been blamed for saffronising education but he remains unfazed, stating that education system with Indian ethos and values could not be construed as being bigoted and ... More

MONETARY POLICY


Sir Alan's day of judgment
Should a central bank try to deflate an asset price bubble? While it is a difficult call, it was perhaps wrong of the Fed chief, Sir Alan Greenspan, to avoid confronting the bubble. One way to size up the bubble would be to compare the S&P 500 profit s — based on creative accounting — with economy-wide figures of the National Income and Product Accounts — based on Commerce Department data, say Vivek Moorthy and V. R. Pradeep. More

SPORTS


Our cricket stars
Even two Indians in a dressing room together is asking for trouble. We all have large but delicate egos and who gets the choice corner for changing, who has his shower first, who gives way to whom on the way out are very important factors in the team 's morale. More

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