The Financial Express -- Expressions

This page contains Editorial and Op-Ed articles

Saturday, November 22 1997

Letters to the Editor

Transparency in the status of external debt

The issue of clarity is really an issue of defining properly, categories or components of external debt, collecting data in an internationally comparable form and effective monitoring. Of-course, the issue of transparency relates to clearly explaining the status of external debt.

Dilemma of equity-linked savings scheme

Equity-linked saving schemes (ELSS) were introduced in the budget of 1990 with a view to spread the equity cult and to encourage investments into the then sagging equity markets. The formulation of ELSS, however, posed a dilemma because of the combination of the need to enable investment in equity while taking precautions to not qualify all types of investments directly made through primary and secondary markets for tax benefits.

The challenge of the new media

August 1, 1997 saw the enforcement of a new act regulating the use and development of new information and communication technologies in the Federal Republic of Germany: the Information and Communications Services Act. This "Multimedia Act" provides a policy framework and thus creates a legal certainty and a secure basis for planning.

The challenge of the new media

Going for gold

Transparency in the status of external debt

Dilemma of equity-linked savings scheme

Preparing the decks