Save some arrows in the quiver
Since monetary policy has to be more flexible now, formal statements can be restricted to structural changes and announcements of the policy stance. The recent bi-annual statements of the RBI have followed this thinking.

Americans express their inefficiency
At a time when the ludicrous peculiarities of the US electoral system have kept that country guessing about who its next President will be, this is bound to be the butt of all jokes.

Bank on the Bank
World Bank president James Wolfensohn must be feeling really pleased, like President Clinton did, with all the friendly smiles and genuflection from a growing clientele.

Now count the costs
The chickens have come home to roost for the United States for its misdeeds in Seattle in the run-up to its presidential election.

Storm clouds in Punjab
Two recent events are likely to have an unwholesome impact on Akali politics. Strangely, none of them has any direct link with politics, but only with politicians. But, even then, they are bound to introduce a sense of uncertainty in Punjab to the detriment of the ruling party.

Buddha adorns the throne
At least to begin with, West Bengal's new chief minister Buddhadev Bhattacharya has made the right noises. Or rather, he has not made any noise at all.