In choppy waters
The start of the next millennium will be historic for Mumbai port. But for a miracle, the port is expected to show a deficit of Rs 40 crore. Only once before in its 125-year history has this happened. And this time the Mumbai port is in for a long spell of loss-making years. There are two reasons for this.

Third time lucky
The Union Budget has been passed, and that doesn't seem to have enthused the stock market. That barometer of business sentiment is now worried about whether the Congress and its allies will be able to form a government.

More to forex reserves than meets the eye
Forex reserves with the Reserve Bank of India (RBI) are estimated to have crossed $32 billion as of last week. This is the highest it has ever been. The current account deficit is expected to be kept down to 1% of GDP. Again, on the face of it, a peerless achievement.

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