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Disinvestment: Struggling to kick-start
Privatisation, as an idea and as a policy instrument, has gained considerable acceptance in the country since 1991. In spite of that the Indian government is still struggling to kick start its disinvestment process, begun more than five years ago. The reasons for this are many: bad timing, poor planning and the fact that politicians make the worst possible businessmen at the best of times.
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Asian crisis may shape IMF role
The centerpiece of each program is not a set of austerity measures to restore macroeconomic balance -- as some seem to think every IMF program must be -- but a set of forceful, far-reaching structural reforms to strengthen financial systems, increase transparency, open markets and, in so doing, restore market confidence. To this end, non-viable financial institutions are being closed down.
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Refined copper: A long way to go
When Riemon Soga began his youthful experiments in copper refining, little did he realise that he would be the key to Sumitomo's copper connection and that the group would, one day, control over five per cent of the world's copper supplies. Here goes the story of Soga, highlighting his contribution to the Sumitomo group of companies and to the Japanese economy
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St George vs MNCs
George Fernandes' stand on multinationals is nothing new. What is new is the way in which his views are being played up as the epitome of unreasonableness. Are they? Certainly not if Indian industry has any say in the matter. The locomotive of growth in the country has to be the corporate sector.
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