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OPINION
EMPLOYMENT
Private sector reservation — Make haste cautiously
Reservation in the private sector is a hot topic today. The Government could think of reservation in the farm sector, which is also private. There is an acute shortage of labour in many parts. Farmers will have no difficulty providing 50 per cent of the jobs under their control to any community. But will any one come forward for the back-breaking work at paltry wages? The experience of the Maharashtra EGS suggests otherwise. The Government would do well to move cautiously, says Sharad Joshi.
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EDITORIAL
Agony of the cotton farmer
COTTON GROWERS ARE in dire straits. Record arrivals, poor offtake at the marketing yards and plummeting prices are threatening to hit them where it hurts most — their income. In the last three months, the market for major varieties such as ...
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ECONOMY
Mid-Year Review: Not a sanguine picture
One finds little cheer in the mid-year review of the economy so far as the fiscal performance thus far is concerned, even if the overall economic outlook is bright. With fiscal measures unlikely to be able to support sustainable 7-8 per cent growth, the Government will have to involve the private sector in a big way and attract larger foreign direct investment to meet growth and development objectives.
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Hidden costs of comparative advantage
The principle of comparative advantage works well in an ideal world where trade incurs no human or environmental costs. But in the real world, where someone has to bear every cost, global trade draws passionate grassroots opposition. The right formul a for trade should favour the prudent use of natural resources for maximal economic benefit to the greatest number of people. That formula can only be arrived at by internalising the social and environmental costs of trade.
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Responsible global capitalism — Beyond the market construct
Responsible global capitalism is a system comprising individuals, private commercial corporations, NGOs, governments and supranational agencies. It includes the set of non-market institutions within which the market is embedded and which, together, c haracterise a global society.
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POLITICS
`Battered punch-bag'
"THE civil service is an ideal punch-bag for the political classes, of all parties. Civil servants can be blamed for ministerial misjudgments,.. for poor government policy,... for botched policy ...
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NON-PERFORMING ASSETS
Settling their dues out of court
Since the introduction of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (Sarfaesi) Act, out-of-court settlements have become an effective way of recovering sticky bank debts, helping PSBs to reduce non-performing assets to manageable levels. For bankers, such settlements save time, cost and manpower, besides speeding up the recycling of bank funds.
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LETTERS
Interest on EPF
Bank mergers
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