Friday, December 4, 1998
Railways must focus on shorter routes
The current state of the Indian Railways is anything but encouraging. Freight traffic has slumped, and in spite of concessions offered by the railways there seems to be no takers for its transport services. One interpretation is that the slowdown in the economy is responsible for the lower freight earnings.
Economy has structural faults
The simultaneous existence of poor demand for consumer goods and acute shortage of essential agricultural products are pointers to major structural defects in the economy, which need to be identified to design an effective intervention strategy.
Jindal Strips' cash flow will be hit
Despite having put in a good performance so far, Jindal Strips' cash flow will be strained in the current financial year. The company has huge repayments due on account of borrowings taken in the early and mid-nineties to fund its expansion programmes.
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