The Hindu Business Line : Tuesday, May 20, 2003

Trade in peace
UNDER HIM INDIA has in turn attempted peace, fought a limited war, had had a nuclear confrontation, and is now back again to making peace with Pakistan. The Prime Minister, Mr Atal Bihari Vajpayee, has twice before demonstrated his conviction ... More

ECONOMY

Revisiting post-reform industrial performance
Based on the recently released index of industrial production for 2002-03 it is being argued that Indian industry is pulling itself out of a phase of sluggish growth. In this edition of Macroscan, C. P. Chandrasekhar and Jayati Ghosh revisit the long-term trend in post-reform industrial growth as reflected by the IIP to argue that the case for optimism is still extremely weak. More

For financial discipline — Case for a fiscal policy panel
When government finances are in poor shape and refusing to improve why not entrust fiscal policy-making to an independent authority just as monetary policy has been? Such an independent body, analogous to the central bank, would prevent lobbying that defeat the very object of programmes originally proposed, says T. C. A. Ramanujam. More

TERRORISM

Bio-weapons
THE anthrax scare post 9/11 woke the world to the dangers of bio-terrorism. Not that the phenomenon originated suddenly. Bio-terrorism can be traced to the crusades when darts dipped in herbal poison were used to kill or maim enemies. Another ... More

WTO

Heading for deadlock in Cancun?
Cancun is an important post on the road to mainstreaming developmental concerns. The developing countries will have to do their homework well to ensure that this happens, and that their unpleasant experiences of the Uruguay Round are not repeated. Bu t before that, a change of heart is needed in the developed world especially the US and the EU. More

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