Financial Daily
from THE HINDU group of publications

Thursday, November 02, 2000





Difficult business
The article `The business of better insurance' (Business Line, October 24) was disturbing. The writer has chosen to blame the organisation for some alleged shortcomings.

Insurance ventures
This refers to the article, `IRDA issues licences for three private insurers' (Business Line, October 24). With the Centre's approval for automation of Foreign Direct Investment in insurance, the need for recommendation from the Foreign Investment Promot ion Board and the Cabinet Committee on Economic Affairs has now been done away with, dispensing with the long procedure of companies seeking licenses from the Insurance Regulatory and Development Authority.

Newspaper ethics
The New York Times, in an editorial (dated October 29), has explicitly endorsed the candidature of Mr Al Gore for the US Presidency. This raises the issue of whether a newspaper, especially of the standing and influence of NYT, should take an open positi on on such a vital matter as a presidential election, approving one candidate and rejecting the other. Newspapers should maintain an objective and neutral stand.

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