The Hindu Business Line : Monday, November 06, 2006

EDITORIAL
Norms for NBFCs
The impact of the RBI's NBFC regulations will be profound, and the other affected players may need to be compensated. More

FOREX
Dr Reddy's thoughts on forex reserve management
The latest RBI Bulletin reprints the Governor, Dr Y. V. Reddy's talk in Singapore, where he endorsed the need to hold large forex reserves, given the fragility of global financial architecture. He also mentions several options to increase returns fro m the reserves, highlighting the Singapore model. S. VENKITARAMANAN agrees this is a good approach. More

POLITICS
Political reforms, a must
There has never been a time in India without demand for reforms of every kind — economic, electoral, administrative, police, judicial, educational, labour. Even the Constitution has been subjected to ... More

WATER
Europe gets serious on water management
Demand by citizens has led to the European Commission to take on water protection one of its priorities. The European Water Policy is thus, getting polluted waters clean again and ensuring that there is no further pollution. And in achieving these ob jectives, the European citizens and citizens' groups are actively involved. More

HUMAN RESOURCES
Discipline and the knowledge worker
Caught between the extremes of high initiative and high indiscipline, managers do not know which way to look. They are afraid that enforcing any form of disciplinary efforts may dampen the initiative and discretionary effort that they have come to de pend on in huge measure. More

RETAILING
Encore Kolkata!
For some 30 years, Calcutta, to any observant eye, seemed to illustrate all that was dismal and disappointing about Indian capitalism, a metropolis forever awash in twilight grey, grime-ridden and poorly lit, with sad and tired faces looking at ... More

ECONOMIC OFFENCES
The utility of corruption
It is the operation of the "level-playing field" concept that is the driving force behind the law-abiding economic players beginning to break the law and become corrupt. The campaign against corruption should, thus, be handled with care so that norma l economic activity is affected the least. More

LETTERS

Security concerns

Technocrats and agriculture

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Unions won't harm IT industry: Pandhe

Bonds stable; traders nervous over move to contain inflation

Indian cruise shipping still waiting for the wind

Political reforms, a must

Prudent to book profits on any rally

Innovation award for Gujarat

Looking back
Oct. 29-Nov. 4
Diffusion in use of ICT

RBI's mid-term review of credit policy — Striking an internal-external balance

13k and the frowning retail investor

Fuel the `inclusive' model of development

Technocrats have let down agriculture