The Financial Express -- Expressions

This page contains Editorial and Op-Ed articles

Wednesday, November 5 1997

Letters to the Editor

Introducing exit policy on the sly

Unbelievable! But, the letter, No. L-43024/5/97-IR (Misc), shot off last month by a minor union labour ministry functionary, a desk officer, did authorise the public sector Hindustan Copper management to close down its `loss-making' Mosaboni mines to throw over 2,000 workers out of job with effect from December 1. Effectively, this means a company has been allowed by the government to close down one of its divisions and the workers employed there just because the unit is unviable and eating into the profits of other divisions.

Beyond sabre-rattling

If the developing countries think that they have scored a great victory by demanding that IMF and World Bank should examine the recent instability in currency markets world-wide, they are sadly mistaken. The host to the seventh G-15 summit, Malaysia, can congratulate itself on forcing the participants to veer round to the declared perceptions of its political leadership, but the consensus of yet another talk shop is going to do pretty little by way of providing the required stability.

Will the IRA Bill get through?

Union finance minister P Chidambram has a promise to keep in seeing through the delayed Insurance Regulatory Authority Bill (IRA), during this winter session beginning November 19. Though the issue of liberalising the insurance sector was one of the provisions in common economic programme at the time of forming the coalition government, the 13 political parties that formed the government have failed to lift controls in this crucial sector.

Trade unions

Beyond sabre-rattling

Introducing exit policy on the sly

Trimming subsidy

Will the IRA Bill get through?