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June 29, 2004



The old order changes
There might be some grand schemes or a broad road map for the introduction of the value added tax regime. But the real action may be missing. For that, you might as well wait till February 28, 2005.

Why there should be job reservation
As a general rule, the disadvantaged always bring a greater determination to succeed than the rest, says R Jagannathan.

How to get the competitive edge
Lean manufacturing and technology will add teeth to Indian firms.




June 28, 2004



The great spectrum chase
The US, being a very late entrant into the cellular business is the only other country that allows use of the 1900 band for WiLL-CDMA, and it has now come up with an altogether new frequency band for 3G services!




June 26, 2004



Getting educated!
The parents must think out-of-the-box to guide their children towards exploring some new options.

Let them eat snakes
Who needs the CMP's education cess? CMP spends most to educate least, says Surjit S Bhalla

An Indian C-Span?
At the moment TV coverage of Parliament is confined mostly to question hour

Sci-fi realities
Will we live in a Bluetooth world without wires or will we live in a world where "hotspots" make connectivity effortless

Pharma power
The pharma industry possesses a competitive advantage in a large, scientifically-trained population, prepared to work for relative pittances, says Devangshu Datta.




June 24, 2004



The truth about IT cats & dogs
'The top software companies are pretty sticky when it comes to grades. It's not enough to just get into a great

A United States of Europe?
The EU is a counter to the emerging Anglo-Saxon dominance of the world.




June 23, 2004



Ministers, biggest threat to PSU autonomy
If Prime Minister Manmohan Singh wants to realise his dream of creating a strong public sector, he must strengthen the managements of the PSUs and free them from the clutches of his ministers and the babus.




June 22, 2004



Budget? No time for miracles
Chidambaram should not be judged on one Budget alone, as is generally the norm. More so, since this can be called a half-Budget, leaving little room for the new finance minister to usher in dramatic changes.

Bad ideas vs good men
Economic governance over the next few months should be a fascinating battle between good men and bad ideas, a battle which will yield winners and losers.




June 21, 2004



Dealing with NPAs
Sadly, the RBI which has defaults data on all firms, large and small, for over five decades, refuses to part with it, though this would make default-risk modelling a far more robust exercise.

The great agricultural imbalance
Enhanced credit will not remove the farm sector's central rigidities.

Reagan, CMP and privatisation
The Left alliance's views on divestment are confused.




June 19, 2004



A cut and paste Budget will do just fine
Mr Chidambaram only needed to add a few knobs and bells to Mr Jaswant's Singh's interim budget speech to turn it into a soul-stirring peroration, comparable to some of the greats of the past.




June 17, 2004



The state of funded education
The government's false philanthropy is a bid to control our thought processes, says Kaushik Das




June 16, 2004



Cutting deficits
The FM should be looking at fiscal consolidation and not Keynesian policies, says Ila Patnaik

Encore please, Mr Chidambaram
All that Mr Chidambaram needs to do is apply the same 1997 formula of impeccable reformist action and obligatory rhetoric




June 15, 2004



Cess for education
Effective expenditure must accompany revenue mobilisation, says Kirit S Parikh.

Market-driven secularism
Warts and all, the market for power and the power of the market are together taking India towards a solid,reasonably secular future.




June 14, 2004



Forget about a unified VAT
Parallel VAT is the only reality in a truly federal set-up




June 12, 2004



On the fast lane to growth
The world's automakers are heading for the open highways of Asia.

For whom the torch burns
An Olympic Torch should not be carried around by all and sundry, says V Krishnaswamy.




June 11, 2004



The Left's contribution
Left has enlarged the definition of public goods in India by creating, if you will, a class of quasi-public goods such as electricity, water for irrigation, transport and so on.

The return of gobbledygook
Much of the current anxiety in the stock markets revolves around the doctrine of "constructive ambiguity" that the United Progressive Alliance government finds imperative to follow.




June 10, 2004



Why India needs a high-impact Budget
A poor Budget will also short-circuit the economy through its impact on corporate and consumer confidence, any hit to confidence triggering a negative economic spiral.




June 09, 2004



No instability, nor any roll-back
International investors, large sections of domestic industry and even experts have been expressing doubts over the stability of the new government and its resolve to stay on the reforms path. It is a coalition government after all, they point out.




June 08, 2004



Capitalist Marx and socialist Smith
If Marx the communist had a tender spot for capitalism, capitalism's demi-god, Adam Smith, had a pretty low opinion about capitalists.

Competition minimum programme
CMP will be important in shaping the rhetoric within which policies are presented




June 07, 2004



Time for dedicated funds
Secure source of funding for specific programmes will serve voter interest

Making money from money
In modern economies often more money is made from the price of money than from producing real goods and services.

Forget micro-management
What the small scale sector needs more than concessions is better infrastructure.




June 05, 2004



False debate on 'India shining'
The reformers in the UPA government will be hamstrung by the assertions of the Common Minimum Programme, says T N Ninan

The core problem for Chidambaram
Never have the PM and the FM, singly or combined, been as weak as this, says T C A Srinivasa-Raghavan




June 01, 2004



Not as good as gold
The time has come for Indian consumers to demand quality gold and silver jewellery. It may not be a pipe dream if one has to go by the recent news about notices being issued by the Apex Consumer Grievance Court to government bodies.




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