Privatisation Proves to be Gordian Knot for Manila Trust
10 February 1988 Reuters News English (c) 1988 Reuters Limited MANILA, Feb 10, Reuter – A sword poised over a Gordian knot is the official…
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CHINA DISCUSSING SIX LOANS WITH ASIAN DEVELOPMENT BANK
18 April 1988 Reuters News English (c) 1988 Reuters Limited MANILA, April 18, Reuter – China is negotiating with the Manila-based Asian Development Bank for…
PHILIPPINE AIR LOSS SAID TO THREATEN PRIVATISATION
27 May 1988 Reuters News English (c) 1988 Reuters Limited MANILA, May 27, Reuter – Philippine Airlines Inc’s loss in the 1987/88 fiscal year may…
Energy Shock: India Story Risks Running Out Of Steam
This has been a summer of discontent, and the portents are not auspicious. One day after Prime Minister Manmohan Singh announced his second underwhelming Cabinet…
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…
A State Ravaged
It was beyond the ken of a civilised society, a blood spattered vindication of a heartless government’s sudden constitutional piety. The carnage began with a…
HOLLOWING OUT
Privatisation will work only when the government sells more than 50 per cent of a state-owned company’s capital to the public and relinquishes management control.…
SELL SELL SELL
Two numbers speak eloquently about our schizophrenia over privatisation: the Rs 2.11 trillion ($32.5 billion) package announced on October 24 to recapitalise public-sector banks (PSBs);…
CLEFT STICK
When Aung san suu kyi won the Nobel Peace Prize in 1991, two years after the Dalai Lama and two years before Nelson Mandela, she…
TOO BIG TO FAIL
Independence Day is a good excuse for some economic chest-thumping. We should be proud that lndia is a free-enterprise democracy. Imagine the world’s burden if…