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SCOPE's initiative
The Standing Conference of Public Enterprises (SCOPE) is on the right track in trying to rope in state PSUs in its efforts to set right the nation's public sector. Its secretary general, MA Hakeem, recently unfolded the agenda for preparing state level units for the competitive environment under reform.
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Wielding clout
The financial institutions have for long been unsuccessfully trying to recover the money they lent to Modi Rubber. It now seems that the institutions are planning to fix a deadline for the Modis to purchase the institutions' stake. Only if the Modis fail to buy by that time, will they look at the option of auctioning the shares.
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Failure of Peregrine a fallacy of globalisation
The recent news of bankruptcy of Peregrine Investment Holding, the premier Asian investment bank, has obviously sent shock waves among the merchant/investment banking community across the globe. Founded in the year 1989 in Hong Kong, Peregrine became a leading player in the investmente market, particularly in the high-growth East and South-east Asian countries namely, China, Korea and Indonesia.
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Dismantling fertiliser retention pricing
In the context of giving shape to a new pricing policy regime for fertilisers in place of the existing dispensation that is, retention pricing scheme (RPS), various alternatives are being talked of. Prominent amongst these include, uniform administered pricing, group pricing, import parity pricing and pricing based on free market etc.
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