The Financial Express -- Expressions

This page contains Editorial and Op-Ed articles

Monday, December 8 1997

Letters to the Editor

Polls and political economy

Corporate circles are worried. Elections again. The dread `model code of conduct' back in action. Decision-making grinding to a halt. And the nation waiting in limbo for another four months, before finding out whether the twists and turns in different parts of the country have somehow managed to solve the Rubik's cube of a stable government.

Economic consensus

The PHD Chamber of Commerce and Industry (PHDCCI) has come up with the suggestion that the president give a serious thought to the setting up of a National Economic Council to take care of the uncertainty over economic decision making because of the present political imbroglio. This, no doubt, reflects the concern of the business community over formulation of economic policies and administrative measures in the present circumstances.

Do we need currency boards?

Although a number of countries are planning to do away with currency boards, there is an urgent need for the same in India for achieving price stability at a time when the economy is growing. The root cause of economic instability in developing countries like India has been excessive budgetary deficit. The planners and policymakers have noted that if the government does not impose fiscal discipline it will need to borrow from the central bank by selling treasury bills, which is a potent inflationary force in the economy.

Do we need currency boards?

Polls and political economy

Pharma managers in the year 2000

Slick affair

Economic consensus