Financial Daily
from THE HINDU group of publications

Tuesday, July 24, 2001





Export outlook
The editorial `Grim export outlook' (Business Line, July 21) has suggested that the Centre and the State governments accord the right mixture of incentives, fiscal and non-fiscal to achieve price competitiveness. It has emphasised the need to cut down tr ansaction costs, which account for more than 22 per cent of the manufacturing cost, and eliminate corruption.

Mutual Funds
Investors' plight
The suspension of sale and repurchase in US-64 has let investors down badly. The dividend of 10 per cent is lower than that of last year. Dividend yield on the sale price of units for May was below seven per cent. The decision on the suspension of sale a nd repurchase of the US-64 cannot be hailed as good, but was warranted. It is now time for the investor to decide whether to remain in the scheme or get out.

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