The Hindu Business Line : Tuesday, September 23, 2003

The bank disconnect
CAN NUMBERS ON bank credit offtake provide clues to economic trends when a large number of medium and big corporates are consciously staying out of the banking system? Quite a large number of companies run treasuries playing the equity and debt ... More

ECONOMY

War on `terror' and the world economy
An examination of certain paradoxical trends in the US' economic performance over the last three decades suggests that political and military hegemony rather than economic competitiveness has helped sustain its global economic dominance. But domestic political developments and differences with its erstwhile allies are posing new challenges, argue C. P. Chandrasekhar and Jayati Ghosh. More

A torn safety net
The Government does not tell anybody anything about the provident funds (defined contribution plans) that it runs and goes out of its way to obfuscate the fact that they are deeply in the red. The banks sell their shares to the public without mention ing the financial implications of their heavily under-funded pension plans while the SEBI looks on with its habitual air of confusion. More

POLITICS

Charged and discharged
Though no doubt the discharge of Mr L. K. Advani must have come as a relief, the Special CBI court's decision not to let off the other prominent leaders of the Sangh Parivar must be nothing short of embarrassing for the party especially with election s round the corner. Rasheeda Bhagat on the judgment and after. More

EDUCATION

Making public schooling work
If it is shortage of resources that hampers the setting up of primary schools, local governments must be allowed to link the taxes residents pay for financing schools as a public service with the standard of education. More

LETTERS

Eye-opener for SAARC countries

Bank credit

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