Delhi and WTO
The implication of the WTO ruling against the US ban on shrimp imports from India (and Pakistan, Malaysia and Thailand) is that national laws must be consistent with WTO rules. The consistency requirement stems from prescriptions relating to quantitative restrictions.

Checking inflation
The optimism expressed by the prime minister at the meeting of the economic advisory council on the rate of the gross domestic product (GDP) growth this year is a bit of a mystery. The first step towards rectifying a problem is recognising that the problem exists.

Credit policy may reflect currency concerns
Monetary policies have recently come into sharp focus as they have turned out to be the stumbling block for the crisis-hit south-east Asian economies. One line of thought finds the source of the crisis in these countries' policy of keeping domestic interest rates high to attract foreign capital inflows and maintain a strong currency.

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