The Financial Express -- Expressions

This page contains Editorial and Op-Ed articles

Monday, November 17 1997

Letters to the Editor

Risky investments

During the period between March 28 to September 26 this year, non-food credit from commercial banks went down by Rs 1,361 crore while investments by banks in corporate debt instruments such as bonds, debentures and preference shares grew by Rs 4,793 crore. The trend mirrors a growing tendency on the part of banks worldwide to fund corporates' working capital requirements.

Is the rupee holding up FII investments?

Foreign portfolio investments in Indian equities has become such an essential ingredient of the Indian bourses that it has become necessary to study, interpret and forecast the FII behaviour. This need has been accentuated by the recent downslide of the Bombay Stock Exchange's sensitive index, Sensex.

Reforming real estate

The prospects for the reform of the real estate sector will be considerably brighter with the proposed repeal of the Urban Land Ceiling and Regulation Act (ULCRA). The ULCRA alongwith the Rent Control Acts and the paucity of formal finance for housing had caused stagnation of the real estate sector in the country. The abolition of the Act would thus be a boon for the sector.

The Index -- Nirmal Singh panel recommendations

Risky investments

Reforming real estate

Is the rupee holding up FII investments?

Total undisclosed income to be assessed in terms of block period

No pick-up in credit offtake so far