Financial Daily
from THE HINDU group of publications

Thursday, August 10, 2000





Give us the E
E-REVOLUTION is the cover theme of the CA Journal this time, and I was e-eager to see what the Institute had to say on this important matter.

Coronation of cash flows
Net-centric businesses are now clear that they need to perform and generate cash flows to be alive to see tomorrow, says Rama Subramaniam.

Evolving a WTO regime -- India's agenda
INDIA'S principle trade policy objective has been to accelerate the transition to a globally-oriented economy to derive maximum benefits from the expanding market.

Beyond monetary arithmetic
It is clear that international financial policies have moved well beyond the monetary arithmetic of price stability and liberalisation. One conclusion is that monetary policy should outgrow the monetary arithmetic syndrome and can be anchored in the new perspectives of development, says N. A. Mujumdar.

No silky route
AT A RECENT seminar in New Delhi, the Union Minister of State for Commerce and Industry, Mr. Omar Abdullah, focussing on the untapped potential of India-China trade, suggested that a bilateral investment promotion and protection agreement would facilitat e the exchange. No doubt a sensible suggestion, especially as both economies have a lot to offer each other not least because of the size of their markets. But the question is whether such an agreement will produce the desired results because of the susp icion that merely a framework of investment operations may not be enough to deliver the goods. In both the Chinese and Indian markets, the most important consideration for successful foreign direct investment operations is effective competition. From New Delhi's point of view, the unsavoury fact is that while Chinese projects in India will in all probability be able to put up a stiff fight against competing Korean and Japanese FDI, the same cannot be said with equal confidence for Indian projects in Chi na.

The missing helping hand
GOING by the latest report from the WHO, the milk of human kindness seems to be drying up. The developed world seems to be turning a blind eye to the emergency medical needs of the people of developing countries that have been ravaged by war, population displacement or natural disaster.

Information Technology
E-business: The flip side
IT SEEMS a little incongruous, but just as I was going to write about the revolutionary new Internet age and the brave new world of broadband, the lights went out for the third time in 24 hours in India's commercial capital.

Veerappan the great
EVER heard of Aruna Roy of Jaipur, President of the Mazdoor Kisan Shakthi Sanghatan? Or Jockin Arputham, President, National Slum Dwellers Federation? They both won the Magsasay Award, one for community leadership and the other for international understa nding. They are low-profile people, working in remote corners of India, never aspiring to make the headlines. They receive only passing mention in our news bulletins whether on the radio, the Doordarshan or the high-brow newspapers. Perhaps, they were th emselves surprised at the awards.

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