The Hindu Business Line : Monday, September 20, 2004

Private sector reservation
THE proposal for reservation of jobs in the private sector has understandably stirred up a controversy. It has been strongly opposed by all the federations of chambers of commerce and industry, as also by a sizeable ... More

EDITORIAL

A new edge to gilt trading
GILTS TRADING IN the country is poised to make a big leap forward. A new anonymous screen-based order matching system for the debt market, on the lines of the hugely successful one that obtains on the National Stock Exchange for equities, is all ... More

ECONOMY

Making an issue of the foreign hand
The fracas about the inclusion of the ADB and the IBRD representatives in consultative bodies is, in fact, a result of a failure of communication. There is no harm in listening to opinions of international experts, fortified as they are with experien ce of other countries similarly situated. More

Saving the steel frame
The Indian administration system depends almost solely on direction, not inspection. It has no way of identifying and honouring outstanding contributors. It is based entirely on mistrust. All this has got it a reputation for corruption and inefficien cy. The Prime Minister is planning a clean-up. But unlike all earlier proposals for administrative reforms, the approach should not be narrow, and, in particular, must address the environment created by politicians, says P. V. Indiresan. More

Are inflation expectations overdone?
ARRESTING the rise in headline inflation is now the dominant objective of economic policy. There can, of course, be no second thoughts about the merits of maintaining stable price levels — meaning, in practical ... More

POLITICS

US Presidential sweepstakes — India's interest in outcome
It can be expected that whoever dons the presidential mantle will do nothing that detracts from the healthy respect the US has for India's democratic credentials and economic achievements. More

FINANCIAL MARKETS

Index funds can bond with bonds
Index investors will be best served if fund-houses can instead launch index funds that carry distinct style-bias. More

TOURISM

Packaging an idea into a tourist destination
I LOVE my wine but cannot distinguish a merlot from a cabernet sauvignon. As long as one is prepared to say that the wine served has strong bouquet and good body (two terms that have gotten me out of many a tight social ... More

LETTERS

RBI's dilemma

Civil service promotions

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Foreign Trade Policy 2004-09

Pick a Winner Stock Market Contest

US Presidential sweepstakes — India's interest in outcome

Joy ride may continue on short covering

In Focus

Foreign Trade Policy - 2004-09

The Crude shock

GTB fiasco

Birlas vs Lodha: A legacy tussle

In Depth
Insurance Corner

Simple Economics

Tax Talk

NRIs & Investment Avenues

Looking back
Sep. 12-Sep. 18
IMF-Bank annual meetings — India must push new initiatives