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August 31, 2004



Sales and service: are they the same?
In the case of a sale the goods exist as property of the seller before these are handed over to the buyer but in case of a service the goods emerge by way of or in course of rendering the service.

The battle of the Indian bulge
Why the poor always end up as losers and the managers of the state are the real profiteers.




August 30, 2004



Inflation: To act or not to act?
The best response to rising inflation is 'no response'.

The Marxists of West Bengal
While all major parties have double standards, the Left is in a class of its own.

The GTB fiasco: Who's guilty?
Instead of blaming the regulator, GTB shareholders must initiate legal action against the management and auditors.

Rural telephony: the missing link
By focussing on teledensity, policy-makers have overlooked the issue of access, which is dwindling alarmingly in rural India.

Compete, don't collaborate
In less than a hundred days, Mani Shankar Aiyar has done a great job in identifying the major problems correctly. It's just that his solutions are the wrong ones.




August 28, 2004



Press any key to start
Where's the anykey, asks the UPA government.




August 26, 2004



The benefits of UPA's policies
The UPA govt policies have benefits that are not immediately discernible. They can be characterised as real reforms versus the previous market-facing reforms.




August 24, 2004



The PSU merger trap
Mergers are planned to make two and two add up to five; they end up with three

Common SAARC currency: Feasible?
There are compelling economic and political reasons against a common currency for SAARC. It's an idea whose time has not yet come and, quite possibly, never will.

The silence over inflation
If the inflation rates do not drop after two weeks, you may well see the next round of measures to be taken by the government.




August 23, 2004



Nanny states know best
Singapore spoils one for the world, but it must deliver to survive

The Sunset comeback
For the analysts who scornfully dismissed the Sunset giants in favour of dotcom dreams it's a reminder that fashions change with remarkable swiftness.




August 21, 2004



In(equality) we believe
The conclusion that inequality worsened post economic reforms is quite false.

Intrusive marketing!
Direct marketing in India is fast becoming a nuisance




August 20, 2004



India Inc learns to play the forex game
The RBI needs to provide clearer guidance on how companies can manage their risks in the face of this new accounting rule




August 19, 2004



Fixed interest portfolios and risk
The demand-supply situation in the money market is likely to undergo a change, says A V Rajwade




August 18, 2004



A tale of two ministers
It is rarer still to see a finance minister who enjoys his relationship with the commerce minister.




August 17, 2004



Will no-frills airlines survive?
Merely reducing the entry barrier for airlines to compete for the limited traffic will only destabilise the domestic civil aviation industry.




August 16, 2004



Sir Ratan Tata and Mahatma Gandhi
J N Tata's second son, Sir Ratan Tata inheriting his father's great sense of generosity, especially for the good of the country, had extremely meaningful interaction with Gandhi in the great chapter of India's road to freedom.




August 14, 2004



Queuing for governance
The PM should instruct government departments to have scientific queuing, says T C A Srinivasa-Raghavan

It's sports that needs the reforms
Even more than the economy, Indian sport cries out for reform.




August 12, 2004



HLL: Inertia of success
The first lesson to be derived is that when a company has had a continuous record of growth in sales and profitability as HLL had for over 25 years, there is the danger of what may be termed as the "inertia of success".

How to contain sticky loans
The RBI has taken some initiatives to tackle the problem, but there's a lot more to do, says A Chandramouliswaran

Innovation: Where has India succeeded and failed
In the third of this 4-part series, Arindam Banerji discusses how can India start institutionalising innovation without resorting to large-scale changes that need huge political capital.




August 11, 2004



How India can produce big-bang innovations
Innovations do not happen by magic. If the US has done it consistently, it isn't because Americans are smarter than Indians. It's because the US society, academia and industry have institutionalised innovation, says Arindam Banerji.




August 10, 2004



Can India produce billion-dollar innovations?
India has made rapid strides in the world of research and development in the last few years, but are its innovations world-beaters? What will it take to institutionalize innovation in India? Arindam Banerji discusses.

Are Indians really dumb?
'An entrepreneur must have self-confidence bordering on arrogance. Why is it that this confidence is missing in the heads of India's biggest software companies?'




August 09, 2004



Kelkar II: Where's the 'grand bargain'?
The indirect tax recommendations are based on a misinterpretation of constitutional provisions

Mobile rules, OK!
Cellphones bring out all that is most extrovert & inconsiderate in human nature

Oil prices: politics and economics
Yes, the world is a better place because of the war -- for the shareholders of Halliburton, and for Mr Bin Laden's recruiting agents




August 07, 2004



Ideology, jet lag and policy
The end justifies the means – a possible explanation for the Left's intellectual dishonesty in research, says Surjit S Bhalla




August 06, 2004



Dog's breakfast or trade policy?
Put the Planning Commission in charge of trade policy for coherence, says T C A Srinivasa-Raghavan




August 03, 2004



The Left moves in mysterious ways
The Left may dismiss the loss in market capital of the PSUs as notional. But letting the family silver lose its sheen also hardly serves any purpose.

Budget and textile industry
A Budget consequence would be a migration of firms to the organised sector from the unorganized.




August 02, 2004



Is RBI responsible for GTB crisis?
Instead of taking any serious action, RBI had the bank's auditors removed, complained about them to the Institute for Chartered Accountants of India, says Sunil Jain

Banks and the share markets
To my mind, there is a strong case for Indian banks to consider a change in the way the prime lending rate is operated.

The fallacies in the Budget
The only way India can be a true welfare state is by providing economic freedom to its citizens.

Nuts and bolts of fiscal reforms
The Kelkar Task Force provides a strong basis for implementing its proposals, Subir Gokarn




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