OPINION
EDITORIAL
Lifeline for FM radio
THE TELECOM REGULATORY Authority of India (TRAI)'s recommendation for a shift to a revenue-sharing arrangement and greater operational flexibility should provide a lifeline to the FM radio business. The industry is awash in red, with no prospect ...
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POLITICS
Legislative work laid low by combative politics
It has become common in recent years to see Parliament rush through legislative business, as combative politics takes the centre-stage.
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OILSEEDS & EDIBLE OIL
Revisiting the edible oil policy
India is the world's largest consumer of edible oils, importing approximately 50 per cent of its requirement. Until 2003, higher import duties on refined edible oils hiked the prices of imported products to a higher level than the domestic product. W hile the subsequent scaled-qdown import duties on palm oil saw a surge in imports in June 2003, the duty on crude palm oil remained unchanged. This and the differential excise duties on edible oils are anomalies to be rectified if consumers' and indu stry's interests are to be protected.
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CREDIT MARKET
Selective credit control — Useful tool to curb commodity speculation
In India, selective credit control means control over advances against the security of "sensitive commodities'' such as foodgrains, oilseeds and sugar. There has been considerable misunderstanding about the purpose of SCC, whose objective is not to fight inflation. The RBI should not hesitate to wield the instrument, unconstrained by wrong notions that direct control is inherently bad, says A. Seshan.
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INTERVIEW
Look beyond India for sourcing and markets
Mr R. Seshasayee, the 56-year-old Managing Director of Ashok Leyland Ltd, feels that the commercial vehicle industry in the country will have to face up to competition from abroad, especially from China and Thailand. It will be a year ...
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TRENDS
Hairy tales
IT is said that, in creation, man is almost the only "naked" animal, the others being covered with hair all over the body. Could this be the reason why most people take great care of their hair? At any rate, an ...
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LETTERS
Standards for hospitals
EPF rates
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