The Financial Express -- Expressions

Expressions

This page contains Editorial and Op-Ed articles

Saturday, May 24 1997

Letters to the Editor

The wearer will know where the shoe pinches I wrote a piece on corporate governance (April 14) outlining its need and importance. Thanks to the initiatives taken by the CII, the wind has reached our shores sooner than expected. A draft report of the two-member committee on corporate governance set up by the CII under the chairmanship of Rahul Bajaj was released recently. Before delving deep into the recommendations of the committee, it is necessary to compliment the committee on two grounds.		Infrastructure Bond Issue
The punishment must match the offence Mumbai Stock Exchange's delisting during February and April, 1997 of companies has sent the wrong signals to investors both within and abroad. Over 180 companies have been delisted on account of non-payment of annual listing fee for 1996-97. Close on the heels, in an unprecedented move, the Delhi Stock Exchange has threatened to delist over 1,900 corporates for defaulting in fee payment.	Wake up to grey market blues The 1996-97 Budget for the information technology (IT) sector has provided some relief to the industry but not enough to provide the boost needed. So much so that hardware prices, at least in the organised market, instead of falling, are rising. While for the Eighth Plan period the software industry has managed to surpass the Government's targets, the Ninth Plan goals seem to be a tall order.
Delisting will harm investors

INDIALINE

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