The Financial Express -- Expressions

This page contains Editorial and Op-Ed articles

Thursday, November 27 1997

Letters to the Editor

Dilemma of IPPs and solutions

A debate is going on in the country whether to allow naphtha for short gestation liquid fuel power projects or limit such projects for the overall supply of not more than 10 million tonnes of naphtha. Then comes the dilemma -- whether naphtha be sourced locally or through imports. This is strange, since it is upto the independent power producers (IPPs) to source their fuel. Whether the fuel is imported or indigenous is immaterial.

The sliding rupee

Of a sudden, the rupee has moved into a depreciating mode. The market has refused to be lulled by official reassurances that the fundamentals of the Indian economy are strong. With exports slowing in the face of rising imports, the deficit in the merchandise trade account is burgeoning to three percent of GDP.

Statistics: Playing up facts

The rush among economists and research institutions to come up with assessments of the economy that would demonstrate to the world that they are one up on the government has become an annual ritual. For long years, Malcolm Adiseshiah took upon himself the task of preparing the economy for the union budget by meticulously reporting on the performance of different sectors.

The sliding rupee

Diverting funds

The Index -- Thirumalai Chemicals

Dilemma of IPPs and solutions

Statistics