Financial Daily from THE HINDU group of publications
Wednesday, August 10, 2005
Markets (August 9)
BL 2502357.20 (-5.86)
BSE Sensex7595.57 (-10.60)
S&P CNX Nifty2318.70 (-5.70)
US Dollar (Buy/Sell)43.49/43.62
Gold Std (10 gm)6200 (-25)

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EU anti-dumping measures — Time for collective action
ALONG WITH the jump in the trade between India and the European Union, there has been a surge in the resort to trade defence mechanisms between the two. In what increasingly looks like a trade war, the chief weapons ... More


Is saving threatened species futile?
A HINDI daily carried a report on July 6 that the local residents around tiger reserves often stood with the hunters and poachers than with the reserve guards. The reason stated was that they were grieved about not ... More


No company shall buy its own shares ...
IN Hamlet, Lord Polonius advises Laertes, "This above all: to thine ownself be true, and it must follow, as the night the day, thou canst not then be false to any man." These lines follow his more popular counsel ... More


Laboured proposal
CLEARLY THERE IS an element of political expediency in the reported claim of the Commerce Minister, Mr Kamal Nath, that the Centre is considering empowering the States to frame their own labour laws for geographies within their domain. The Centre ... More


Unlocking forex reserves to fund infrastructure
A model that involves the participation of intermediaries such as the World Bank/IMF, the International Finance Corporation, or the Asian Development Bank, could be the key to convincing the Reserve Bank of India to use forex reserves to fund infrast ructure projects. More

Foreign remittances: From monitoring to managing
FOREIGN inward remittance was always welcomed in India with higher interest rates and tax exemptions from the days of the oil price boom in the 1980s, when the exodus of Indian workers to West Asia commenced. ... More


Fuzzy findings
THE tabling of the report of the Commission headed by the former Supreme Court Justice, Mr G. T. Nanavati, on the November 1984 riots following Indira Gandhi's assassination and of the Action Taken Report (ATR) of the Government on its ... More


Global terrorism — The Pakistan-Saudi Arabia nexus
There is no dearth of evidence that Pakistan and Saudi Arabia are partners in global terrorism. Mosques and jehadi-oriented madrassas in both countries spout anti-Western venom. Terrorist groups such as the Lashkar-e-Taiba have links in Saudi Arabia. There are reports of extensive nuclear cooperation between Pakistan and Saudi Arabia since 1994. Hopefully, says G. Parthasarathy, the new Saudi monarch, King Abdullah, will avoid the path of sponsoring terror abroad. More


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