COLUMNS
OFFHAND
Tainted Ministers
INDIAN democracy is now governed by a unique and paradoxical electoral culture. On the one side we profess to cherish a noble heritage of the iridescent values of an ancient civilisation which is said to have stood for ...
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GLOBAL FINANCE & OVERVIEW
US dollar resumes its long decline
As the US either slides into moderate to weak economic growth with little return for dollar asset holders either from bonds or equities, the dollar has to weaken significantly in the years ahead. That makes the case for gold rather compelling at curr ent prices. Sceptical investors may regret their indecision, says V. Anantha Nageswaran.
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ON THE MOVE
Unctad study on multimodal transport — New international legal framework sought
Unctad recently conducted a study on the need for a new international legal framework governing various aspects of multi-modal transportation. The views of several governments and inter-governmental and non-governmental organisations, including all r elevant industry associations, on this issue were reported in the Unctad Review of Maritime Transport 2003.
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A RINGSIDE VIEW
Dalal Street likely to see narrow movement
FII fund managers and local big brokers have deliberately been playing a waiting game for the time being. The deep pockets feel that it is worth taking a chance as the Union Budget is round the corner.
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MUTUAL CONFIDENCE
Rough road ahead for fund managers
CONSIDER the following. The Indian equity market has seen large-scale volatility, marked by nasty swings during the last few days, trading volumes are shrinking and stock prices are fast moving southwards. Let's not get into the actual ...
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ADR WATCH
Tech counters suffer
THE US markets were mixed last week. While old economy stocks rose following better-than-expected job data for May and on soft oil prices, IT companies suffered despite Intel Corp's announcement that its sales this quarter may meet its top ...
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MARK TO MARKET
Voter-investor discord
THE stock market has been unkind to the new government. The S&P CNX Nifty has been down in eight of the last 15 days. During this period, the market saw the largest single-day fall of 13 per cent. Such stock market ...
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