The Financial Express -- Expressions

This page contains Editorial and Op-Ed articles

Saturday, December 13 1997

Letters to the Editor

Understanding risks before hedging

With the opening up of the Indian economy there would be a significant increase in the corporate sector's foreign exchange exposures. Under the liberalised capital account the corporates would have a much larger portfolio choice in controlling their liabilities and assets in terms of instrument, currencies and maturities and quite often the risks are not properly evaluated.

Let us not bury Asian values

For the past few years, East Asia, especially the Southeast corner of it, has been setting itself up for a fall. As the most rapid industrial revolutions in history accelerated through the region, some business and political leaders began displaying a smugness that too often lapsed into arrogance. They had a tendency to wallow in excess, preaching about their achievements and ignoring their deficiencies.

Market-driven NPPA

The decision by the National Pharmaceutical Pricing Authority (NPPA) to reduce prices of 72 drug formulations has two broad implications. For one thing, this is counter to a long-standing demand of drug manufacturers for a pricing policy conducive to generation of a significant surplus for their financing of enhanced R&D efforts. For another, the authority would appear to have acted quixotically in response to reported violations of the Drugs Price Control Order (DPCO) in recent months.

Understanding risks before hedging

Towards a domestic debt trap

Let us not bury Asian values

Derivatives trading

Market-driven NPPA

Understanding risks before hedging

Towards a domestic debt trap

Let us not bury Asian values

Derivatives trading

Market-driven NPPA