A grand coalition
Poitical instability of the highest order is here to stay till the end of this Lok Sabha—which may not be too far away. If Vajpayee stays, it will be only because a whole bunch of itsy-bitsy parties have voted tactically for now.

VSNL should not aim for monopoly profits
For a start, VSNL's primary aim should not be to generate monopoly profits. Under the present system, VSNL generates a fair amount of its profits from the producer surplus it enjoys as a monopoly provider of long-distance telecom traffic.

RBI stood up
Broad money supply (M3) expanded 18.6 per cent by March 12,1999, exceeding the RBI's target of 15-16 per cent for 1998-99. It is unlikely the rate of M3 expansion will slow down. Chances are the RBI's support to the Centre's borrowing programme.

  Threat of elections not discounted at all
  Firms must take interest in security issues
  The Index