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Home > News > Columns > Guest Columnist
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| February 27, 2004 |
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Pauper or sovereign?
'What India needs from its government is oversight through the rule of law and not control and planning.'
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| February 26, 2004 |
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Revolutionising rural banking
Reducing rural India's dependence on non-financial sources requires innovation. Tamal Bandyopadhyay shows how it can be done
Who's afraid of liberalisation?
Amidst the din of argument over whether India should lift the barriers to foreign investment faster, there are signs that pragmatism is steadily winning over confused idealism.
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| February 25, 2004 |
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The US corporation under attack
Only if regulations preventing hostile takeovers are repealed, can US corporations get back on track, says Deepak Lal.
How not to divest
Only when price-rigging becomes a dwindling phenomenon and there is a steady supply of good paper, will the small investor feel confident, says Subir Roy.
Should India ease trade restrictions further?
Reciprocity of tariff restrictions will help fair trade, but a country's trade policy should be driven by national interest.
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| February 24, 2004 |
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Why did India reform?
The 'early harvest' helped sustain the momentum, writes Shankar Acharya
The right kind of power
The CERC was upset because its views on the tariff policy issue were not heard, although the ministry was bound by law to seek the regulator's statutory advice on the issue, says A K Bhattacharya
The coming decline of America
Americans will either have to work harder to maintain their place in the sun, or step aside for the emerging powers, says R Jagannathan
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| February 23, 2004 |
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Rule of law in China
Still imperfect but that may be a good thing, says Matei Mihalca
Fool good factor
With fakes accounting for between a fifth and a third of pharma, auto components and even FMCG items, the consumer's got a serious problem, says Sunil Jain.
Stopping short of privatisation
Investor appetite for privatising electricity is poor. Consultants suggest the "distribution margins" approach, explains V Ranganathan
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| February 19, 2004 |
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Toying with capitalism
It is easy to see that in the first stage such multinationals are marketers of a product, then they become marketers of an idea, then the marketers of a value system and finally a culture, says Haseeb A Drabu
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| February 18, 2004 |
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Delhi Metro's dream run
There is certainly no doubt that Mr Sreedharan is setting new efficiency standards as far as running the Delhi Metro is concerned, feels A K Bhattacharya
Feeding an elephant
The Reserve Bank should create a healthy currency futures market, says Ila Patnaik
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| February 17, 2004 |
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Are IIMs accountable? If so to whom?
'Let there be some institutions which are solely concerned about pursuit of knowledge and preparation of future citizens based on contemplation and a passion for research and innovation.'
Cola issue: Vindicated by the JPC
The government cannot abdicate its role as protector of the health of the people, says Sunita Narain
Why reduce IIM fees?
Reducing IIMs fees does not benefit poor students and gives a free ride to the well off, says Kirit S Parikh
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| February 16, 2004 |
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Do BPO jobs hold a future?
Skilled youngsters must not rust away their knowledge and spend their energies in an industry, like BPO, that holds no promise of a future, says Ranjan Nambiar.
Well done, Dr Joshi!
But cutting the IIM fees, the HRD minister may actually achieve the opposite of what he set out to do, says Nishad Kapadia.
EMRs & patents: same difference
Whereas product patents for drugs and medicines are deferred under a concession, an EMR is available in the meantime, to much the same effect, says Rakesh Prasad
Revisiting development finance
For a return to development finance, successful businesses must draw the attention of markets, says Subir Gokarn
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| February 14, 2004 |
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More equal than others
Inequality weakens the poverty-reducing power of economic growth, says François Bourguignon. India should protect its achievement of relatively egalitarian income distribution
The mullahs of economics
Orthodox economists heckle governments like religious fundamentalists, says T C A Srinivasa-Raghavan
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| February 12, 2004 |
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Say no to white asbestos
It's high time the government bans the production and use of this carcinogen, says Gopal Krishna.
Savings versus hoardings
We need to distinguish between the use for activity and idle hoarding, says Sudhir Mulji.
2020 vision for the IITs
Vision 2020 aims to make IITs among the world's best five educational institutions of technology, says Kanika Datta.
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| February 11, 2004 |
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'Fee reduction has paralysed IIMs'
The government seems bent upon removing that autonomy. That is the basic issue, says Prof Trilochan Sastry, IIM-Bangalore.
The national design deficit
At a time when the Indian economy seems to have acquired a degree of competitiveness based to a large extent on its stock of skilled manpower, it is coming up against a shortage of skills in a key area -- designing.
The brown man's burden
The BPO business model can ensure that Indians do all First World service jobs, says Devangshu Datta.
13 reasons why India can keep booming
Today's economic climate gives us the confidence to sustain a near 7 per cent growth for at least a decade, says A P.
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| February 10, 2004 |
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Birdbrained authorities
An officially-sponsored scare over avian flu is threatening the poultry industry, says Surinder Sud
Bring on the bouquets
At a meeting organised by the Confederation of Indian Industry, Finance Minister Jaswant Singh waxed eloquent on how his officers in North Block were outstanding gems without whose dedicated work he wouldn't have been what he was today.
Mother courage and her children
An Ahmedabad slum reveals strong social capital but little interest in education, finds Suman Bery
Lessons from telecom's travails
The latest growth numbers in mobile telephony suggest that the war may, at long last, be shifting to the marketplace, says R Jagannathan
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| February 09, 2004 |
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Europe's Enron?
With the Parmalat scam comes to light the nth fudge in western management practice, says A V Rajwade.
The credit growth conundrum
To increase commercial credit demand, banks need to look beyond the manufacturing industry, suggests Abheek Barua.
The new Chinese consumer
The new Chinese consumer is trendy and liberal -- the representative of a new China, says Matei Mihalca.
To hell with the customer
While the picture on whether the cellular firms have hiked tariffs in excess of the ADC remains blurred, what's clearer is why the COAI abandoned the fight on behalf of its customers, says Sunil Jain.
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| February 07, 2004 |
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IMF plays dirty economics
Strangely, for the IMF, the US CA deficit is not a Chinese yuan problem, says Surjit S Bhalla
NRIs: Non Reliable Indians
The government should stop pandering to NRIs in selected countries, says Sunanda K Datta Ray.
Pakistan, a rogue country
Pakistan may have done more harm to itself over the last couple of months than anyone realises, says T N Ninan
The retailing boom
There are some very interesting signs of fundamental change in the consumer and retail business environment in India, Arvind Singhal.
The WTO tug of war
The developing countries will always be outmanoeuvred by the developed world, if they don't throw money and brains in the Byzantine struggles in global trading, says Fali S Nariman
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| February 05, 2004 |
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IDBI's existential dilemma
First, it was to be a bank. Now the government wants it to be the lead developmental finance institution. Tamal Bandyopadhyay examines why
The semiotics of India shining
The interesting part is that a few years ago, when the BJP came into power, the statement that was its testament then was "Mera Bharat Mahan".
Do Jaswant's sops deserve praise?
Spending more and taxing less will be a burden on government finances, says Ila Patnaik.
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| February 04, 2004 |
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Budget encouraging, but. . .
One looks forward to the full Budget later in the year to see whether that coherence of vision will reassert itself, says Suman Bery.
Ironing out the creases
Overall, the interim Budget has fine-tuned January's mini-Budget, says Sukumar Mukhopadhyay.
FM's deft effort at sound politics
Jaswant Singh has delivered a straight-ahead business-as-usual Budget, incorporating his belief that good economics is good politics, says Jamal Mecklai.
Good economics, better politics
The BJP dared to be reformist. It now talks of housing for the people, and rightly expects to be voted back into power in the polls, says Surjit S Bhalla.
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| February 03, 2004 |
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The spectre of outsourcing
The prospect of a steady stream of manufacturing jobs winging their way to China and service jobs migrating to India has spooked the US and politicians are wasting no time, in an election year, to jump on the anti-BPO bandwagon.
Messages, nuances and globalisation
Getting lost in pedantic prose makes for little else but good listening, says Sunita Narain.
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| February 02, 2004 |
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Cleaning up the markets
An important innovation made by the BSE that could go a long way in cleaning up markets relates to the "free float" concept.
Duty benefits: an illusion for populism
Sukumar Mukhopadhyay explains why the concept of giving consumers the benefit of duty cuts and refunds is unworkable in practice.
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