The Hindu Business Line : Monday, August 21, 2006

ECONOMY
A conventional Approach still
The Eleventh Plan Approach Paper has been accused of departing from conventional wisdom. But it has not departed enough. The critical issues it lists are all chronic sores that innovation, not conventional wisdom, can solve. But the Approach has no answer, rues P. V. INDIRESAN. More

A fire drill for the global economy
The Bank of International Settlements has in its latest assessment sounded a note of caution in regard to risks posed by global imbalances, an important factor in which is the US' current account deficit. Emphasising fiscal prudence and inflation-fig hting, its observations on the global stress-test should be of vital interest to India, as to other developing countries. The BIS recognises that inflation management in the US and other developed economies owes as much to globalisation as to mone tary successes. More

POLITICS
Pay hike to MPs
A hike in the allowances and perks to MPs seems to be in the offing. The reaction from members of the public, randomly interviewed by TV channels, has been caustic. Sadly, those elected to State legislatures ... More

WATER
Gullibility unlimited
Mumbai city is in the grip of yet another wild rumour, this time that the sea water in some parts of the city has turned less saline, thanks to the magical powers of a saint. So gullibility and mass hysteria strikes once again! A few years ago, ... More

MANAGEMENT
Bottle-up that saucy raider
Corporate raiders may play a beneficial role in shaking up an atrophied management but it is a specific role and there must be limits on it. Running an enterprise is very different from financial jugglery and it is time corporate raiders were given t hat message. Investor groups that buy 5 per cent or more of the stock of a company and want to have a say in the management should be required to hold on for two years or pay a tax to the stock exchange if they intend to exit earlier. More

WTO
Doha talks collapse: A chance for India?
As the Doha Round talks collapsed, basically, due to the US/EU squabbling over agricultural subsidies, India has reaped an indirect gain. It can now continue with its protectionist agricultural policies. More

LETTERS

Track conversion

Climate change

Insurance employees' strike

White paper on VAT

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