A startling verdict
The startling conclusion of the Reserve Bank's discussion paper on "Harmonising the role and operations of development financial institutions and banks" is the refusal to even consider the issue of transforming the DFIs into universal banks before the next five years.

A rude shock
The Centre's decision to transfer six lakh shares of VSNL from its kitty to the employees of the company for a consideration of Rs 294 per share could have come as a rude shock to the stock markets.

Delhi must re-think export strategy
There is something about the conventionally wise that can be so exasperating for the rest of us flighty souls. Take for example the issue of manufacturing exports. A cherished notion of these proponents of grand industrial strategy is that the best kind of export is the kind that breaks your leg if you drop it on your foot.

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