THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Wednesday, April 25, 2001

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Opinion

Corporate
Is India squeezing enough out of soya?
THE Centre initiated economic liberalisation in July 1991 as a result of which there was delicensing, deregulation and decontrol of a wide spectrum of business activities. Following this, capacity expansion, output growth and export growth marked the fir st few years of the decade of the 1990s.

Economy
Corruption
CORRUPTION never fails to grip the mind. Its hold on public imagination is such that even the 2000-year-old Arthashastra of Chanakya has referred to its pervasive, penetrating quality. The first thing that Mr James Wolfensohn did after assuming charge as President of the World Bank in 1995, was to build its eradication into the scheme of the Bank's priorities.

Babus as negotiators
``ALL decisions in economic planning are, mathematically speaking, in the nature equalising the marginal rates of substitution between any two commodities or factors of production in different uses...'', Fredrick Hayek brought out in his path-breaking ar ticle, `The Use of Knowledge in Society' (American Economic Review XXXV, No. 4; September, 1945).

Editorial
Freeing sugar exports
THE SUGAR SECTOR is slowly but inexorably moving towards total deregulation of trade and decontrol. Virtual cessation of imports through a hike in Customs duty; reduction in levy obligation for the mills to 15 per cent; and a more judicious release of fr ee-sale sugar are some of the recent measures to liberalise the business environment for the industry and trade.

PSU
Balco: Give strategic partner a chance
THE newly-created Chattisgarh, though rich in mineral resources, is a backward state. While the State Government should industrialise as quickly as possible to raise the living standards of the people, the Government is doing just the opposite.

Politics
The tortuous road to Kashmir
WITH the All Party Hurriyat Conference showing no urgency to respond to the Government's invitation to come to the negotiation table for talks, the Kashmir stalemate continues.

Finally! Curry lives upto its masala
IF CHICKEN tikka masala is Britain's national dish, then surely those resplendent men dressed in scarlet and gold, medieval hats on their heads, and guarding the Tower of London should be called `curryeaters' instead of `beefeaters'. Britain's official d escription might be changed to the Spice Islands, and Labour must acknowledge that currying favour is the national sport.

Technology
Marine biotechnology -- New opportunity frontier
ACCORDING to Japan, marine biotechnology is ``the greatest remaining technological and industrial frontier.'' For India, strong in pharmaceuticals and research capabilities, marine biotechnology holds the promise of exciting scientific and commercial opp ortunities. The Blue Revolution in marine biotechnology could rival the Green Revolution. The increasing fascination for the ocean has spawned several studies on the effect of human activities on marine biodiversity, what the ocean can do for human healt h and prosperity, and its role in our environment and climate.

CSIO makes strides in holography
HOLOGRAMS are finding interesting applications. From display of curios to rare art pieces in museums, they are valuable in the making of emblems for plastic ID cards, credit cards, passports and higher currency notes of Rs 500, Rs 1,000 and so on.


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