Bank sounds caution on global stability
After passing through the equivalent of a "near death experience," the heads of the major banks and global financial institutions have heaved a sigh of relief.

Maximisation of world welfare and splintered trading system
Emergence of trading blocs is a post World War-II phenomenon. The basic philosophy of this syndrome is to liberalise international trade with an element protection.

Privatisation will aid markets' expansion
Sometimes it seems we need an ad man more than an economist for a finance minister. For, arguably, the single biggest drawback of our reforms process has been our inability to sell the need for reforms to the majority of the Indians who live outside our biggest metros.

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