Monday, July 27, 1998
Adopt Finland model
There have been a whole lot of problems with the government's telecom-licensing policies. Companies have long been complaining of the licensing system, and various alternatives, like revenue sharing, have been mooted. But revenue sharing too amounts to a double tax, and the net result is increased costs to the consumer.
Telco stock belies reality
Unlike the previous year, without taking recourse to lower provisioning norms, both private and public-sector unit (PSU) banks as well as financial institutions have shown a qualitatively better performance. This fact has been overshadowed by the depressed sentiment in the stock markets and event.
Achieving a GDP growth rate of 8%
The union budget 1998-99 has been roundly denounced by most for various reasons. But there are still some who profess that they find this disapproval difficult to understand. What is so wrong with the budget, they ask? In what way is it so different from last year's budget?
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