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BJP's pragmatism
The statement by BJP's shadow prime minister, Atal Behari Vajpayee on the party seriously considering the entry of global majors into the domestic insurance sector, provided they also took up social schemes like crop insurance, is quite pragmatic.
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Chambers can wait
Even as the major political parties are busy formulating their agenda as part of the poll campaign, the apex chambers of commerce and industry are telling the political leadership what industry and business expect of them in the realm of economic policy. But, one wonders if the chambers' timing is right.
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New NBFC norms: A case of over-reaction
The history of financial-market regulation in the world has shown that such reactive behaviour often tends to over-react thus defeating the very purpose for which regulation is meant. Development of the market itself is a natural victim of such regressive regulation.
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Philips India: Shifting base
Philips India has decided to move its main consumer electronics division out of Calcutta. This has almost been a forgone conclusion since Manohar David, the architect of the recent resurgence of the division, stepped down as head of the division nearly a year ago. With his exit, the division always looked certain to move out of its Calcutta base.
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