Usher in the new
The Telecom Regulatory Authority's increase in telephone rentals and local call charges, will adversely affect a large cross-section of the subscribers. But there are powerful reasons for the rebalancing of tariffs. Cross-subsidisation needs to be eliminated as the industry opens up.

On the wrong track
The surface transport ministry's move to hand over railways belonging to the 11 major ports to the Indian Railways has been strongly opposed. And with good reason. In a hurry to cut flab and loss-making operations at major ports, the ministry has jeopardised operational control at major ports.

Political jinx on development
Political cussedness is the biggest bogey of business in emerging economies. With the insurance bill coming up, there is a general fear that Congress will oppose it in the Lok Sabha, simply to embarass the government, much in the same fashion as it did on the Bihar issue.

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