Reflating economy -- The Sinha way
The move of the finance minister to reflate the economy does not mean that the economy will not move from a five per cent inflation rate to 6, 7 or even an 8% price increase. But that is no calamity so long as the rich and the poor in the economy -- especially the poor, through increased employment and larger availabilities -- are better and get a substantial share of the enhanced output.

Small is not beautiful
A study carried out by the Centre for Monitoring Indian Economy (CMIE) shows that corporate performance in 1997-98 has been harshly discriminating, with the smaller companies being the worst affected. The report says that the larger companies have been able to increase their sales as well as profits compared to their performance in 1996-97.

Free the rupee
Monday's meltdown in the stock markets underline the urgency of having a credible exchange rate policy. One of the main reasons for the panic has been the worry over the value of the rupee, which has led to an exodus by foreign institutional investors. Friday's statement by the Reserve Bank of India does not seem to have calmed these fears.

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