Friday, July 17, 1998
A sensible policy
Information technology is the one area where everyone agrees we have an international competitive advantage, and laying special emphasis on the growth of this sector, therefore, makes a lot of sense.
Victim of politics
The Tata-Raytheon combine's decision to finally to pull out of the Bangalore international airport project shows how political motivations can effectively scuttle good economic decisions. That there is a need for an international airport of global standards at the software city is clear.
There is no escape from `crowding out'
Interest rates are rising despite high liquidity. The assurance of a stable interest-rate regime held out by the Reserve Bank of India (RBI) was echoed by the finance minister. But after talking down interest rates, the RBI has quietly upped yields on government securities.
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