CALCUTTA -THE CITY THAT REFUSES TO DIE
Nowhere else in India do people engulf you as they do in Calcutta. From the moment you step off your train or plane, and begin…
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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…
Afghanistan Asks for aid to repair economy
30 April 1988 Reuters News English (c) 1988 Reuters Limited MANILA, April 30, Reuter – Afghanistan appealed on Saturday for the Asian Development Bank to…
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…
ASIAN RICE SUPPLY PLAGUED BY SHORTAGES, SOARING PRICES
24 May 1988 Reuters News English (c) 1988 Reuters Limited LOS BANOS, Philippines, May 24, Reuter – Asia’s rice producers, reeling from the effects of…
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…
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…
The Dauphin and the Figurehead
Timing is everything, and with a number of state elections soon, leading to the general election next year, cynicism and opportunism are manifest. The Congress-led…
Garam hawa
India must construct an enlightened climate change policy ‘FOOD PRICES set to rise as floods ruin crops’. ‘Prime Minister promises aid to flood victims’. Does…
Manila Unloads Sugar Stocks to curb price rise
17 July 1987 Reuters News English (c) 1987 Reuters Limited MANILA, July 17 – The Philippines” Sugar Regulatory Administration (SRA) has ordered all its reserve…
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…
Ready For Battle
I remember sticking an aluminium one-yen coin and a copper one-US-cent coin to my computer screen in Tokyo around the mid-1990s and watching in fascination…
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…
IT’S THE ELECTION, STUPID
The economy is whirling around in a populist spiral Pranab Mukherjee is starting to look worryingly like a feckless heir squandering his generous inheritance while…
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-…
New Business Families
“If a thousand suns were to rise in the heavens at the same time, the blaze of their light would resemble a little the supreme…
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…
The Best Companies To Work For
Know one’s onions” means to know one’s subject well. But do we really know why our economy fares as it does, how supply and demand…
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…
Pester Power
Remember when mall meant a tree-shaded promenade in Shimla or one of those picturesque cantonment towns, and plastic was when your grandmother graduated from tin…
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…
Tyre Prices – Vastly Over-Inflated
Tyres are one essential commodity over which the Government seems to exert no control whatsoever. In the last six months prices have risen twice. And…
From Flood To Trickle
Large advertisements in Delhi newspapers-last fortnight announced that Mother Dairy was being forced to dilute the fat content of milk supplied to the capital’s citizens…
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…
Lemmings or Llamas?
The US is on life support, and Asian creditors led by China, which holds $1.16 trillion of US treasuries, control the intravenous drip. Asian central…
BANK THE RESERVE
The government must resist the temptation to dip its hand in the till The Reserve Bank Of India (RBI) is the best-run company in India:…
A first-rate problem
I believe the government is counting too much on the RBI to wield the magic wand India’s economy is lurching like a car with two…
Keep The Ballast
We need our institutions as much as we need our democracy Narendera Modi’s first term in office will be bracketed by malodorous stand-offs with two…
Glass Half-Full?
Strong, sustained growth is possible—if we don’t trip ourselves up We can hope that in the run-up to the next general election we will not…
Future Tense
Will we get our act together, or continue to muddle in middle income mediocrity? So let’s see: 2018 is supposed to be a good year…
Jaat Kahan Ho
Some day extraterrestrials will thrill to Raag Bhairavi in outer space Imagine there’s no countries / It isn’t hard to do Nothing to kill…
Waterless World
How melting Himalayan glaciers and Chennai’s dry taps are connected Time was when ‘Glacial Speed’ used to mean ‘very, very slowly’. That has changed forever.…