Thursday, December 3, 1998
Insuring reform
The prime minister did the right thing in asking finance minister Yashwant Sinha to tell the World Economic Forum that the government stood by its decision to open up the insurance sector to competition and foreign investment.
Merge to survive
Tuesday saw three major mergers being announced, two in the oil and petroleum sector and one in life sciences. While the companies in the oil sector have been merging mainly on account of low international crude prices, to pool in their resources, life-science firms are consolidating to take advantage of the post-2005 scenario in developing countries.
States must promote core plans
Infrastructure projects are either not conceived, or if conceived, suffer from cost and time overruns. This is because banks and FIs do not readily agree to finance such mega projects and tie up their funds for years together, as most infrastructure mega projects have long gestation periods, and the returns from such projects are also not attractive.
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