The Hindu Business Line : Wednesday, April 30, 2003

Ball now with banks
IN DROPPING THE Bank Rate to 6 per cent from 6.25 per cent and the CRR to 4.50 per cent from 4.75 per cent, the RBI Governor, Dr Bimal Jalan, has wisely decided to back economic recovery to attain a 6 per cent GDP growth. The absence of a repo ... More

FOREX

Forex, exports and all that
THE RBI in its Credit Policy reiterated its annual policy statement of April 2002, and asked banks to keep the interest spread reasonably low over the prime lending rate (PLR). The exporter should be able to access funds at similar spreads over ... More

CREDIT POLICY

Monetary and Credit Policy 2003-04: Note of confidence in economy
The latest edition of the Credit Policy incorporates several measures for liberalising priority sector lending, particularly infrastructure financing and loans for agriculture. The Policy's success, however, will depend on the cooperation of the Cent ral and State Governments, points out S. Venkitaramanan. More

FOREIGN DIRECT INVESTMENT

Power glitches drive foreign firms away
In the early 1990s, several foreign firms rushed into India, lured by the prospect of tapping a huge middle-class market. But changed global strategies, incomplete and flawed reforms, red tape, problems with partners and misreading the Indian market have all contributed to the exodus of many of these firms from sectors such as power, telecom, banking, insurance and publishing. More

TRENDS

Static officialdom
MORE than 50 years down the road from Independence, Indian officialdom is still strangely hung up on many of the quirky customs handed by the British imperial masters of yore. Right on top is the hierarchical, note-writing, people-hostile system ... More

LETTERS

Lack of coordination

Implementation of VAT

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line