Playing it safe
Much of the Deepak Parekh committee report on the Unit Trust of India's flagship US-64 scheme was already known. Nevertheless, the formal release of the report on Tuesday brings to light several not-so-well-known facts.

High and low
In the latest World Economic Outlook, IMF has alerted India of an upturn in general price level following persistently large fiscal deficits (central and states). It has forecast low GDP growth for 1999-2000.

Performance and challenges of the external sector
Sustainability in external sector is sine quo non for a country to finance its ever rising needs of growth and development. But in case of India, this is the most vital missing link. Hence, India is still in crisis of balance of payments.

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