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Tuesday, May 5, 1998

	A capital issue The capital goods industry has been clamouring for increased duty protection. These demands are a natural corollary of the state the industry is in, buffeted by imports and the recession. But while an increase in duties would no doubt provide temporary relief, would it be a long-term solution?		Measure of relief The National Pharmaceutical Pricing Authority has revised the prices of 21 formulation packs -- the third major price revision in the last four months. The Drug Price Control Order is a millstone around the industry's neck, and affects the capability of the industry to prepare for the new patent regime to be ushered in 2005.
	Swadeshi with a pragmatic economic touch Discounting courageously the ire of its close allies and stalwarts against the FDI and MNCs, the economic satraps of the BJP are now on their toes to take up a host of measures to salvage their image which was tainted by undue propagation of the swadeshi concept.		Reckitt & Colman may look up Till the first week of January 1998, the stock of Reckitt & Colman managed to generate enough buying interest. However, in the recent bull run, Reckitt & Colman is perhaps the only multinational stock which has failed to overperform the Sensex. In fact, the stock has been on a gradual decline for quite some now.

A remedy for the slowdown
This is the concluding part of the article titled `A bitter pill to cure domestic recession' published in Monday's edition--04/05/98.

The Index
Apollo Tyres -- Apollo Tyres is another of the tyre majors which has managed to buck the prevalent trend in the tyre industry. Although the 10.55 per cent bottomline growth appears pedestrian compared to MRF's performance, it is all the more important considering that sales have actually dipped 3.44 per cent.