The Hindu Business Line : Tuesday, December 23, 2003

Contributory pension system: Approach with caution
BY 2016, the number of Indians above age 60 is expected to exceed 113 million and comprise 8.9 per cent of the population. And projections suggest that by 2026 the aged will form 13.3 per cent of the population. This ... More

EDITORIAL

The dollar party
MONEY, OR DOLLARS to be more precise, is the final arbiter of a country's pecking order in the mercantilist world. With slightly more than $100 billion in the books for the first time ever in the country's economic history, it will be hard for ... More

ECONOMY

Terms of reference of 12th Finance Commission — The deficit in fiscal discipline
One of the views is that the emphasis on fiscal deficit reduction without paying attention to its quality has led to the Centre and the States resorting to the softer option of cutting productive capital and necessary maintenance and social sector e xpenditure. This is feared to have adverse consequences on equitable growth and impede the process of relieving the economy of structural constraints on growth. More

FOREIGN TRADE

Catfish that spoilt the Vietnamese party
IT WAS not long ago that the heroic people of Vietnam humbled the US in a bitter war. By 1995, the relations between the two countries had been normalised. Soon, pressures were on the former communist society to ... More

PETROLEUM

Oil PSUs: About turn on cross-holdings
The December 18 CCEA decision to allow oil PSUs to dilute their cross-holdings is a tacit admission that the Government had erred in its February 1998 move to allow such holdings in the first place. The Government has implicitly acknowledged that the decision was essentially an act of financial jugglery to make its books of account appear prettier than they actually were, says Paranjoy Guha Thakurta. More

TRENDS

India shining? Indeed, in its people!
AT AN inter-city airport in South Africa, a photo-journalist covering the Cricket World Cup earlier this year was confronted by a charming lady who quipped: "Are you from India? Pity your boys lost in the finals!" This ... More

LETTERS

Trade unions

Premature redemption

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