The Hindu Business Line : Monday, June 09, 2003

Calls wrong and right
YET ANOTHER STUMBLING block to regulatory reforms in the telecom sector has been taken out. In the latest move, the Department of Telecommunications (DoT) has formalised the Cabinet decision, of end-March, to amend the licence conditions for ... More

ECONOMY

Globalisation: The great leveller
Business process outsourcing is the best thing that could have happened to globalisation. It is a test that the developed world will have to pass if it wants to see the continuation of free markets. Thus, the Bush administration, poised for elections next year, will have to convince its people that BPO is good for everyone if it wishes to reinforce its commitment to globalisation. More

Fiscal responsibility — Lessons from US' profligacy
The US' huge fiscal imbalance, highlighted in a recent study, is a standing example of the power of politics over economics. It is another matter that the US has not suffered because of its abandonment of fiscal standards and merrily carries on with its profligacy. But economic disaster faces those nations that spurn the essential principles of prudence, however tempting it may be. More

Reform in reverse gear?
SOME of the Government's recent policy announcements give the unmistakeable impression that the logic of a coherent economic philosophy has been given the complete go-by. There is every indication that, despite modest success in areas such as ... More

ELECTRONICS

A changing paradigm in semiconductors
OF THE $145-billion semiconductor industry in 2001, assembly and test accounted for about $35 billion and subcontract assembly for $12 billion. The good news is that revenues are increasing for the sub-contractors as more volumes are being ... More

RUBBER

Upasi clarifies: Fair price for natural rubber
THE article "Fixing the fair price of natural rubber - Growers should show more flexibility" (Business Line,May 28) hides the ground realities the rubber growers have been facing during the last five years. A million growers with an ... More

LIFESTYLE

Hope for elderly
"TWIN sharing a/c accommodation with TV; Telephone, Mini Fridge, Microwave Oven, Geyser, Writing Table, Sofa Set, and Wardrobe; Reserved parking; Laundry; Ayurvedic and allopathy doctors; Secretarial assistance; Standby assistance; Nursing ... More

GOVT BONDS

Between equities and bonds
Globally, bonds have performed quite well since the start of the year. Combined with gains in the euro, the New Zealand dollar and the Australian dollar, American dollar-based investors have gained handsomely from overseas bonds. Going by a reading o f the global economic conditions, investors would return to bonds from cash rather than into stocks, says V. Anantha-Nageswaran. More

LETTERS

EPF rate

Farmers' distress

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