The Hindu Business Line : Monday, May 12, 2003

The flickering lamp
The most important merit of Mr Vajpayee's Srinagar offer was that an impression was clearly given that New Delhi was willing to sit down and talk to Islamabad without any pre-conditions which, in fact, was what marked out the initiative at the time f rom the sparring that was going on between the sides over the past year and earlier. More

EDITORIAL

Prepayment pressure
THE SIZEABLE PREPAYMENTS of housing loans in the last financial year, a phenomenon bought out in a recent Crisil study, should not worry the lenders, though prepayments have somewhat reduced the portfolio growth. Also, the RBI should not act ... More

ECONOMY

Revisiting the Washington Consensus
Almost 15 years after the Washington Consensus was drawn up, John Williamson assesses its success in a recent article and absolves it of blame for the disappointing outcomes — repeated crises, low growth and high poverty — characteristic of some of the countries that adopted it. The fault, he says, lies in diversions from the original design, and urges that second generation reforms be pursued. More

Global implications of SARS
With the economic kick that it has delivered, particularly in Asia, SARS is very much alive. V. Anantha-Nageswaran looks at the impact on the world economy of the virus and raises many unanswered questions. More

STATES

TN under scan
WITHOUT much fanfare, and perhaps without even the legislators and the media persons knowing about it, the World Bank has undertaken a micro-scan of the finances and indices of overall governance of Tamil Nadu in collaboration with local research ... More

INTERVIEW

`Liberalisation led Australia to prosperity' — Mr John Edwards, Chief Economist, HSBC Bank Australia
Taking the road to liberalisation early is responsible for the robustness of the Australian economy, which has not seen for 11 full years, two successive quarters of retraction, says Mr John Edwards, Chief Economist of the ... More

PIRACY

Can P2P go beyond music piracy?
P2P has the potential to improve knowledge sharing and communications. More

LETTERS

Electricity Bill

Implementation of VAT

Civil services

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