The Financial Express -- Expressions

This page contains Editorial and Op-Ed articles

Saturday, July 26 1997

Letters to the Editor

Gas-users suffer artificial costs

The government is reportedly contemplating a hike in the price of gas at a pace even faster than recommended by the Shankar Committee. Presently, the basic price of gas - last revised with effect from January 1, 1995 - is Rs 1,850 per thousand cubic metres (tmc) for off-shore gas at the landfall point and on-shore gas and Rs 2,700 per tmc for user industries located along the HBJ pipeline.

Promoting Indian brands

The initiative by the union steel ministry towards formation of a consortium of steel exporters should be welcomed in the light of the emerging challenges on the global front. While promoting Indian steel internationally should be the basic goal, such a step should also help curb dumping of the material in India by overseas suppliers.

Is the RBI going the right way?

The Reserve Bank of India is losing its way and with it a great tradition built up over the years. It performed well to begin with. It took its job very seriously at least in the early years of independence. Where did the drift start? The switch to slogans and shadows, to the exclusion of substance is a sad development.

Divestment the only remedy for primary market

Too general a prescription

ASEAN diary -- Present imperfect