Wednesday, August 5, 1998
Its roses sans thorns for software firms
The quarterly results of major software companies drive home one glaring point. Whilst other sectors of the economy are growing at an abysmal 7 to 10%, software companies are growing at a phenomenal 40 to 50%.
Fera's new avatar
The government's tabling of the Foreign Exchange Management Bill in Parliament is to be welcomed, but the joy will be tempered by the realisation that the government is reintroducing the draconian provisions of Fera in a new incarnation, the Money Laundering Prevention Bill.
Disinvest control
There is some consolation that the centre is finally moving towards disinvestment, and the interminable wait for higher prices seems to be over. But the nagging doubt that family silver is being sold at rock-bottom prices will always remain.
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