COLUMNS
OFFHAND
Budget burlesque
THE British have a penchant for romanticising the most routine activities and happenings and investing them with historic significance. Thus, they have managed to invest with heavenly halo the creeping ivy and the ...
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WIDE CANVAS
Exercise in political economy
As a matter of principle, governments announce important policy measures with the intention of implementing them; and to be able to implement them, governments must have sufficient time at their disposal. In other words, in normal circumstances, crit ical economic measures are generally announced at the beginning of a five-year term or at the beginning of a financial year.
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A RINGSIDE VIEW
Volatile market looks for liquidity to gather steam
THE Sensex, the hallowed benchmark, last week created an all-time high, but failed to explore further in the uncharted territory as oversupply washed down the achievement in the first flush of reaction. Both the key indices, the Sensex and the ...
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MUTUAL CONFIDENCE
At peak, fund managers turn cautious
BY the time you read this on Monday morning, you would have probably come to terms with last week's turbulent events, ones that helped the equity markets reach new highs. Equity funds made the most of it, their net asset values crawling up in ...
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ADR WATCH
Mixed week
FOR the straight seventh week, the US stocks advanced and the Dow Jones Industrial Average rose 0.5 per cent last week; the S&P 500 gained 1.2 per cent and the Nasdaq advanced 5 per cent. A slew of positive announcements in the election year ...
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VISION 2020
Managing managers, a labouring problem
The same money and labour that performs well and makes profits with foreign management suffers grievously when left in Indian hands. If we are unable to exploit fully either surplus labour, or capital or managers, then the blame should rest only on our capitalists. Even though a few entrepreneurs have developed globally competitive businesses, most appear to be less than competent, says P. V. Indiresan.
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ERRORS & OMISSIONS EXPECTED
Why force the cities to go to bed?
ON the evening of December 31, if you had asked your friend what his or her programme was for the evening, the most likely response would have been the wish to be at home. Strange as it may seem, no sensible people wanted to stay outdoor when ...
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RANDOM WALK
Get the basics right
LAST week, addressing the 76th Annual General Meeting of the Federation of Indian Chambers of Commerce and Industry (FICCI) in New Delhi, the President, Dr A.P.J. Abdul Kalam drove home some essential truths: "There has been substantial growth ...
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MARK TO MARKET
It is good, on the margin
SEBI's proposal to introduce margin trading augurs well for the stock market. Margin trading is likely to improve volumes in the long-term, leading to better price efficiency. The flip side is that the tendency for ...
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AMERICAN PERISCOPE
Transparency in selling cattle products
THE US President, went for a quail hunt to celebrate the start of 2004. Talking to newsmen soon after, he advised the citizens to continue eating beef. A few weeks earlier, the Secretary (that is, Minister) of ...
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