Civil War
UNION Home Minister Prakash Chand Sethi has elevated the art of governance to a fine degree of pettifoggery. Political interference in the bureaucracy is not…
USSR SAYS ADB MEMBERSHIP WOULD AID RESTRUCTURING
29 April 1988 Reuters News English (c) 1988 Reuters Limited MANILA, April 29, Reuter – The Soviet Union’s interest in joining the Asian Development Bank…
PHILIPPINE SENATE HARDENS STAND ON DEBT
11 May 1988 Reuters News English (c) 1988 Reuters Limited MANILA, May 11, Reuter – The Philippine Senate has ended a six-month lull by taking…
BankAmerica committed to India wholesale banking
10 December 1998 Reuters News English (c) 1998 Reuters Limited NEW DELHI, Dec 10 (Reuters) – BankAmerica Corp will sell its retail banking business in…
Japanese says Indian bureaucracy very “inflexible”
24 July 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, July 24 (Reuters) – Japan is keen on expanding investment in India but…
JAYME SAYS NO MAGIC FIX FOR PHILIPPINE DEBT
31 May 1988 Reuters News English (c) 1988 Reuters Limited MANILA, May 31, Reuter – There are no magical solutions to the Philippines’ heavy foreign…
TO PAY OR NOT TO PAY – THE PHILIPPINES’ DEBT DEBATE
5 June 1988 Reuters News English (c) 1988 Reuters Limited MANILA, June 5, Reuter – To pay or not — that is the question facing…
Philippine debate over debt payments alarms foreign banks
6 June 1988 The Toronto Star FIN B4 English Copyright (c) 1988 The Toronto Star MANILA, Philippines — “No one‘s talking new money, so we…
INDIA LOOKING TO SUBSTANTIAL AID FROM IMF, DONORS, OFFICIAL SAYS
27 August 1991 Reuters News English (c) 1991 Reuters Limited TOKYO, Reuters – India hopes to receive substantial financial aid from a consortium of donors…
INDIA WILL ASK IMF FOR MORE FUNDS – MINISTER
13 April 1992 Reuters News English (c) 1992 Reuters Limited TOKYO, Reuters – India intends to ask the International Monetary Fund (IMF) for more contingency…
Marxist says one-party rule in India is “finished”
15 June 1997 Reuters News English (c) 1997 Reuters Limited CALCUTTA, India, June 15 (Reuters) – India is not likely to see a return to…
RBI will not allow rupee volatility – Chidambaram.
29 August 1997 14:33 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Aug 29 (Reuters) – Indian Finance Minister P. Chidambaram said the rupee’s…
Breakout Companies
Raghuram Govind Rajan is a lucky man. Two weeks into his new job as Governor of the Reserve Bank of India his friend Ben Bernanke,…
Cheat Funds
Sometimes India’s economy resembles a rambunctious teenager brought up short by a finger-wagging headmaster. Our finance minister can now recite with his eyes closed a…
Watch Your Step
Three economists are gazing at a glass half full of water. The optimist sees a glass half full. The pessimist sees a glass half empty.…
Are Indian CEOs Overpaid?
The day before this issue of Business Today hits news stands, America will vote for a new president. The day after you invest less than…
Deal Chahta Hai
A laughter club in Mumbai is forced to “zip it” because a humourless neighbour is disturbed, not long after a 63-year-old cartoon unleashes a cleansing…
Prem Ji Is Back
By the time this issue of Business Today hits the news stands, voting for new governments in three Indian states will be completed. The seven-…
Buy Me, Buy Me Not
Stock markets and their behavior are an inexact science. Technical analysts will study head and shoulders patterns, Fibonacci retracements, stochastic oscillators and sundry chicken entrails…
Going Nowhere
I remember my first car with great fondness. It was a Fiat 1100D, and I crashed it barely a month after my wife and I…
RESERVE BANK-MONEY TO BURN
Of all the functions of the Reserve Bank of India (RBI), there is one routine task crucial to the health of the economy: incinerating the…
SCHOLARSHIPS-POLITICAL COMPULSIONS
Two experts on Soviet studies, both lecturers in major universities, were in formed late last month by the University Grants Commission (UGC) that their applications…
BUREAUCRACY-THE POWER THAT BE
All private secretaries to Union ministers are equal, but S.R. Bhatia is more equal. Bhatia is the private secretary to Prakash Chand Sethi, the Union…
MATHEMATICS OF RAGAS
When Frenchman Bernard Bel and American Jim Arnold met by chance in a Delhi hotel in September 1979, it turned out to be a momentous…
POLITICAL COMPLUSIONS
Two experts on Soviet studies, both lecturers in major universities, were informed late last month by the University Grants Commission (UGC) that their applications for…
THE ART OF SURVIVAL
Deep inside the jungle in northernmost Mizoram, a lone man brews a tin mug of tea in the early morning haze. He is squatting on…
FINDING A VOICE
Politics cinema, like the new wave of the mid-’70s, has long acquired a pejorative meaning in India. At most, a political film that catches the…
SHARING LOSSES
Last week-end the seesaw battle being waged by Swraj Paul to take over Escorts and DCM slowed to a less suspenseful motion when the London-based…
BANK THE RESERVE
The Reserve Bank Of INDIA (RBI) IS the best-run company in India: transparent, diligent, accountable, and (ostensibly) in dependent. Its official capital is a paltry…
A FIRST-RATE PROBLEM
India’s economy is lurching like a car with two flat rear tyres. The monsoon has been better than expected: a bumper kharif crop is expected,…
KEEP THE BALLAST
Narender Modi’s first term in office will be bracketed by malodorous stand-offs with two governors of the Reserve Bank of India. The bad blood between…