Trading with China
IN RECENT MONTHS, India-China trade has been on a high, and estimates are that the overall figure for calendar 2004 could well cross the target of $10 billion to touch $12 billion. In 1990, the bilateral trade was just $260 million, climbing to ...
Can Indian carriers soar in the open skies?
With a new civil aviation policy expected to set India's public and private sector carriers free, they should really take advantage of the open skies. While the private airlines are ready for take-off, the same cannot be said of the national carriers though the Civil Aviation Ministry is set to file an ambitious flight plan for them.
Global commodity boom set to continue
Strong demand and rise in investments globally in 2004 in the wake of the world economy's upswing fuelled a price boom for key commodities, both oil and non-oil, especially metals and minerals. This looks set to continue into the new year, even if gl obal output growth slackens under the impact of unrelenting energy costs and higher interest rates.
The tired old subsidies debate
Once again, the Finance Ministry has prepared a document which proposes that the Central Government cut explicit and implicit subsidies, without adequate attention to the possible negative implications. In this edition of Macroscan, C. P. Chandras ekhar and Jayati Ghosh consider the arguments presented in the latest paper on Central Government subsidies.
Broadband versus narrow elitism
Farming and farm-related activities are exposed to high risks and low incomes. By contrast, easy profits characterise a major part of the commerce that underpins the rural economy. In the era of broadband, there are profitable relationships set in a competitive marketplace, but there should be no coercive economic rights, which will lead to economic wrongs, says G. Ramachandran.
Tsunami on the east coast
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