Foreign investment `depends on Indian industrial policy' -- Mr Yoshihiko Saeki, President of Jetro
For Japanese businessmen, especially those engaged in small and medium-sized enterprises (SMEs), India still remains a country where doing business is difficult. A decade into liberalisation, Japanese investors still fear that far from making profits in
Indian operations, they may lose money.
Telang's contemporary relevance
ORIGINAL propositions in economics which defeat the common-sense view are not very common. Ricardo's two propositions, one on the effect of a rise in general wages on prices, and the other on comparative advantage, are deemed as flashes of a genius. Assu
ming that aggregate money supply in the macro world is constant, a rise in the wage rate reflected in a rise in the share of wages in national product, according to Ricardo, does not cause a general rise in prices.
When the doctor is sick...
THERE IS SOME irony in that a specialist body set up to decide the fate of sick corporate entities should itself face the prospect of being wound up. That is the predicament confronting the Board for Industrial and Financial Reconstruction (BIFR), the ag
ency set up to adjudicate on corporate sickness.
Making waves the wrong way
IF YOU can't beat them, join them, seems to be the resolution made by the Congress(I) President, Ms Sonia Gandhi. Hence, perhaps, her visit to the Kumbh Mela for a semi-snan at the sangam of the Ganga, Yamuna and the mythical Saraswati.
Bush takes charge
I AM sure that many who watched the inaugural in Washington on the TV would have been deeply moved by the peaceful, disciplined, civilised and orderly manner in which the entire proceedings for the change of guard at the White House were conducted. There
they were -- Mr Bill Clinton and Mr Al Gore, the outgoing President and Vice-President, with their spouses -- smiling and at ease, received cordially by Mr George Bush, without a trace of rancour or bitterness.
Low cost oil-extraction gadgets
FOR the country's growing agro-based industry, two main requisites are a good storage and preservation infrastructure and low-cost gadgets that will ensure that the desired products are cost-effective and competitive in the marketplace.