Need of the hour
On April 29, Bimal Jalan will unveil his first credit policy. The significance of that "first" however, has already been considerably diluted, given the fact that the RBI governor has taken a host of decisions on monetary matters between the time he assumed office and his announcing a new credit policy.
Desperate bankers
Banks who have an exposure to Dunlop are desperately trying to ensure that the company is not referred to the Board of Industrial and Financial Reconstruction (BIFR). It is a strange irony that these banks are now trying to prove that Dunlop has made enough profits, and its net worth is consequently still positive.
Raising tax base: Practical approach needed
The very low number of income-tax assessees in the country (only nearly 1.2 crore tax payers) in a rising population of nearly 98 crore could be a cause for worry for any finance minister. Hence Yashwant Sinha on assuming charge as FM, has rightly laid emphasis on expansion of the tax base.
Apollo Tyres: Rising star
The market seems to have changed its outlook for tyre stocks, especially for Apollo Tyres. Till recently, the stock was under a bearish phase. However, this is no longer the case. For the last three weeks, the stock has been on an upward journey and has appreciated by almost 80 per cent in last ten trading sessions.
The Index
Cellular telephony -- Telecom experts have for long been reiterating the futility of charging huge licence fees from the private operators. Hence any sops given to the cellular operators on this count are most welcome. The seven-year maturity loans to telecom projects exert tremendous pressure on cellular operators to meet their licence fee obligations.
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