The Financial Express -- Expressions

This page contains Editorial and Op-Ed articles

Thursday, December 25 1997

Letters to the Editor

Economic confidence

A survey by the Federation of Indian Chambers of Commerce and Industry (FICCI) shows that business confidence among corporates is at an extremely low ebb. This is not a new phenomenon, and other surveys of business confidence had indicated that businessmen were worried about the economy. However, what seems to have changed is that most corporates now feel that the slowdown is likely to be prolonged.

Go New Zealand way

While there is nothing undesirable about the government tapping the Contingency Fund where either the first or the supplementary appropriation cannot be made, still it would have been better in the interests of good governance to get the required appropriation sanctioned by the Parliament before it was dissolved.

An extended function for comptroller

I have written a great deal about savings and surrenders of central government year after year on the closing day of the fiscal year. There is an element which, however, I did not go into earlier. This practice is a critical aspect of fiscal management, though few economists specialising in fiscal matters are aware of the various departments declaring as a matter of routine their inability to utilise fully the funds allotted to them in the annual budgets.

Go New Zealand way

Economic confidence

Guaranteed-return mutual fund products

An extended function for comptroller

The Index -- Insider-trading

Revival strategy focused on widening global market base