Friday, October 23, 1998
Way out for FIs
There is an enormous amount of worry in the markets about the health of financial institutions. This has led to FI stocks being hammered down. They are being traded at a price of only about twice their historic earnings.
End public-sector monopoly in coal
Even in the midst of an industrial slowdown, demand for power and coal is surging. In July this year, coal production rose by 6.3% to touch 22.4 million tonnes, against the stagnant situation that prevailed in the current year's first quarter. In April-June, production was more or less the same at 66 million tonnes.
There is a need to re-position mutual funds
The 1990s have brought a silent revolution called mutual funds to the developed world, particularly in the USA, which has changed the capital market, shareholding patterns, preference of household investments and American life. The revolutionary impact of mutual funds has also crossed the boundary of the US and continental Europe and sweeping the emerging economies.
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