The Hindu Business Line : Monday, July 28, 2003

Cause of poverty
SCHOLARS round the world have for years been hard at work on a number of theories to explain the levels of affluence and poverty of nations. The broad consensus used to be that resources are critical in maintaining a ... More

WIDE CANVAS

A damaging World Bank report
The World Bank's development policy review report on India suggests not only that the development road ahead is long and very difficult, but also that if the right steps are not taken now the economy could be in grave trouble. More

ON THE MOVE

Kerala Govt's dream project — Making Vizhinjam a world-class hub
DOES Vizhinjam port have the potential to become an international transhipment hub? The Kerala Government believes so and is quite optimistic about its dream project: Developing Vizhinjam into a world-class port. ... More

A RINGSIDE VIEW

Market still in volatile zone
Mr V. Suresh, UTI Fund Manager, says a shift in inflows towards UTI equity and balanced schemes are perceptible in the recent weeks. "This is a humble beginning... a real momentum could be seen when the Sensex stabilises above 4000 points," he adds. More

ADR WATCH

Satyam jumps sharply after strong numbers
THE US stocks rallied smartly on the back of better-than-expected profits from announced by Cummins Inc., the world largest high-powered diesel engines maker. Apart from profit numbers, the announcement of the biggest monthly gain in durable ... More

VISION 2020

Making Rural India magnetic
The rural development model of the last 50 years has helped villages little, though governments have wasted thousands of crores of rupees on infructuous projects. If private enterprise, to develop the market, wants to make villages `attractive', it m ust try something very different, says P. V. Indiresan. More

SAY CHEEK

Is audit rotation the next revolution?
THE latest salvo from the Indian accounting body is that a referendum is to be conducted among the CAs on audit rotation. And there is a mail from Rathin Datta, Chairman and CEO of PricewaterhouseCoopers Pvt Ltd, who thinks that the Institute of ... More

STOCKS TO WATCH

Will it be cementing results?
Gujarat Ambuja Cements: The company has set a scorching pace in terms of volume growth. This has come with an improvement in cement price levels in the last four months. Its April-June quarter earnings' numbers as well as those for the ... More

ERRORS & OMISSIONS EXPECTED

Jana-gana-mana-adhinayaka, jaya he
THERE used to be a time when they played the national anthem at the end of movies. But people who had all along stayed through long dream sequences when the hero chased the heroine around trees, and car-lorry sequences when villains chased the ... More

RANDOM WALK

Power to women
LAST week, the Minister for Local Administration, Mr Cherkalam Abullah, announced that the State Government's Kudumbasree project has been recognised by the Planning Commission for its notable achievements in the area of poverty eradication among ... More

MARK TO MARKET

To a delivery-based market design
THAT the National Stock Exchange (NSE) reported record volumes in the derivatives segment on July 25 may have a lot to do with the fact that the contracts are cash-settled. This article argues that the stock exchanges ... More

AMERICAN PERISCOPE

The other `e' in education
MANAGERS are fond of using the word `strategic' as a prefix to anything they consider important. The generalized use of the word has diluted the original meaning. Similarly, the letter `e' has appeared as a generic ... More

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