Import controls -- end of an era
Subsidies constitute another commercial policy instrument to serve as an alternative to tariffs once quantitative restrictions are phased out.

Towards a proper competition policy
We are now slowly but surely moving towards enacting a new law to govern competition replacing the MRTP Act of 1969.

Why not let her go?
If there is anything worse than the railway accident in Punjab on Saturday, in which more than 40 people have died, then it is the charade enacted thereafter by the railway minister, Mamata Banerjee.

Write that letter later
Once again there is a nationwide strike and, once again, one of the essential services has been allowed to blackmail the government into getting what the employees want.

Trading charges
Mumbai is India's only city where the quality and reliability of power supply compares with the best in the world. A weak Maharashtra govt, unable to have its orders obeyed,is set to endanger this position by failing to resolve the dispute over standby charges to be paid by two generating companies.

Eavesdropper
IDBI is to get a new chief. A four-member team of headhunters, including Banking Secretary Devi Dayal and RBI deputy governor S P Talwar met in the New Delhi offices of the RBI and shortlisted four names.