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Guest Columnists



September 29, 2005



Banks say no to the stock market
The total exposure was just about 0.2 per cent of total assets last year.




September 28, 2005



All you wanted to know about yuan revaluation
The competitive advantage of the Chinese firms goes much beyond just cheap labor and an undervalued currency.

Banking in Bihar
Every time I read in the papers that SBI will buy some foreign banks, I wonder, which culture will it export, that of Bangalore or Bhagbatipur?

'Learn to grind, there're no shortcuts'
My advice is not to shun the less glamorous jobs. Look for the sweatshop within the organisation. That's where you will learn the nitty-gritty of the business.




September 27, 2005



Of gays, colours and retailing
Retail brands should to be customised according to the community to be served, says Shombit Sengupta.

India is China's economic equal? Bah!
It's time for a cold dash of reality and a few comparative numbers to check out how far ahead of India is China, says Shankar Acharya.

The great oil charade
The meaningless charade over the oil price hikes fails to take into account what needs to be done to make us less vulnerable to oil shocks and protect economic growth

'Infrastructure development is our primary focus'
Finance Minister Palaniappan Chidambaram, addressing a gathering of global bankers in Washington on Saturday, said that he was confident the Indian economy would grow at a rate of over 7 per cent.




September 26, 2005



Forget CBI, try NYT
Until Sebi acts to bring in more transparency into the system, we're going to have to fall back on asking the CBI to probe the market each time there's a sharp rise or fall.

Comparing the 'miracle economies'
Both Germany and Japan got consolidated, hit and revived around the same time -- even the electoral compulsions are similar.

How India can give jobs to millions
Our challenge is to combine tradition with modernity to allow skills to be used with maximum possible productivity, says Subir Gokarn.

Taxing trade in services
Which services are taxable? Who will pay?

How to become an art millionaire
Viewers now come to art galleries with calculators -- to invest in art.

Sensex rise: Why are investors worried?
Regulators should step in only when there is systemic risk involved.




September 24, 2005



Here's why India needs faster growth
India does need faster growth, and it does need to address the concerns of the poor.

Don't restrain the pilots. Let them go
Reviving flying schools,hiring foreign pilots and allowing VRS for older IAF pilots is the key.




September 23, 2005



Micro-finance: Chennai unit shows the way
What the CMFR hopes to do is to be the ground resource for researchers across the globe, studying relationships between financing the poor and its social impact.

Why financial bubbles are normal
Corporations and government don't generate the financial instruments to provide adequate stores of value.




September 22, 2005



Who cares about reforms?
Look at any parameter, and the market's reacted better to the UPA despite its poor reforms record.

TCS, the knowledge champion
TCS has a chief transformation officer -- one of only three companies in the world to have such a designation.




September 21, 2005



Economic policy? Back to the past
The policy mindset appears to have gone back to the old groove.

The Left's defending a harmful Raj legacy
Labour laws introduced in the 1880s are an unfortunate legacy of the Raj.




September 17, 2005



Congress Left High and Dry
When asked about his government's record on reforms, Mr Chidambaram, somewhat innocently but perhaps disingenuously, asks, "If reforms have slowed down, how are we registering high growth?"




September 16, 2005



How Indian BPO model is evolving
Outsourcing is slowly moving from the low to higher ends of the chain.

Why celebrity branding works
In celebrity branding the value of the person gets transferred to the product.

How to deal with defaults?
There's nothing more certain than default, death and taxes.




September 14, 2005



Let there be light
Change in any system is rarely greeted with enthusiasm among users

Why Indian stock markets might fall
Many factors responsible for investors' interest in India are now rapidly receding.




September 13, 2005



What's good for Indian economy
The ideal situation for emerging markets is a US economy that is neither too hot nor too cool.

Two things that can trip Indian markets
Oil prices at $75-80 could trip the Sensex; so can a 300-400 bps hike in interest rates.




September 10, 2005



Breaking the VAT chain
A highly regressive amendment has taken place quietly in the Union Budget

Why doesn't the Left fight corruption?
Why don't the Communists fight corruption as hard as they fight economic reforms?

India a superpower? Not without...
In a TV poll conducted hours before Sania Mirza's fourth round match against Maria Sharapova in the US Open, a full 82 per cent of those taking part in the poll predicted a Mirza victory.



September 09, 2005



It's TDS that works, not tax cuts
Revenue increases have come through administrative measures like expanding the TDS and not through just tax-rate cuts.




September 08, 2005



The Aiyar school of management
Though the petroleum minister has managed to salvage the situation through his formidable management skills, he would do well to look into the issues raised by Raha in the long-term interest of India's most valuable company.

Should India borrow in forex?
The cost of warehousing unutilised forex borrowings could be significant and the impact of aid inflows on growth is debatable.




September 06, 2005



If the Left sells, it is ok. Not otherwise
India's communist parties are selling state-owned firms in West Bengal, but are against the central government doing so.

B-schools don't teach compassion
It is high time B-schools started producing Masters in Compassion rather than executives who are Much Below Average (MBA).




September 05, 2005



Sebi bells the primary cat
Sebi's directive on allotments to QIBs during IPOs will lead to more sensible issue pricing, subscription and listing.

Job scheme: A means to siphon off money
Employment guarantee scheme -- never was a more ingenious get-rich scheme for political parties invented, says Surjit S Bhalla.

How to revive Mumbai as an urban centre
Its revival as an urban centre lies in taking the population pressure off the main city by creating an alternative economic centre, says Abheek Barua.




September 02, 2005



Why FIIs are betting on India
Greater speculation, globalisation and ageing societies abroad will all ensure the flow will grow.

How India can grow its own oil
Through oilseeds, India can produce 20 million tonnes of oil within 10 to 15 years.

Why India will gain if it opens up trade
The World Trade Organisation's Doha Development Agenda offers an opportunity for India to trade its way out of poverty.




September 01, 2005



Why global oil prices are rising
Here is a primer on the reasons for the alarming increase in crude oil prices.




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