The Financial Express -- Expressions

This page contains Editorial and Op-Ed articles

Wednesday, November 26 1997

Letters to the Editor

Managing financial risks

The Indian companies have to first define the objectives of forex management. Is it going to be profit maximisation, loss minimisation or maintenance of liquid assets? Every corporate has a strategic outlook for the business. The policies to be framed by the management must be to align the treasury objectives with the strategy of the company.

Garment export downslide travails

The first eight months of 1997 have earned only $3,195 million in garment exports as against $3,405 million for the same period in 1996, a six per cent fall. Volume-wise, exports of garment have improved by three per cent to 859 million pieces from 833 million pieces. This points to a fall of three per cent unit value realisation (UVR).

Thirty years late

The deputy chairman of the Planning Commission, Madhu Dandavate's warning against the Indian economy having to pay the price for the whims and compulsions of politicians in power should have been made and heeded several years ago. In effect, Dandavate was nearly 30 years late when he utilised the forum of Assocham on Monday to raise his voice against the manipulative ways of politicians.

Thirty years late

Cotton export needed

The Index -- Sandvik Asia

Garment export downslide travails

What is not to be done

Managing financial risks