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NEWS
| Heat on the carbon levy may escalate to the WTO |
| The European Union and the US are trying to link international trade with environment protection through some kind of a pollution tax on imports from the countries not obliged to undertake binding emission reductions. This is nothing but a sinister protectionist move that will be detrimental to the cause of both international trade and environment. |
| IT Industry Back in the Limelight |
| INDIA’S Business Process Outsourcing, or BPO, industry has staged a smart recovery from the bottom of the heap. The June quarter performance of leading IT companies has surpassed market expectations. |
| Verdict and After: What We can Expect |
| There is an air of hope and anticipation everywhere. The 2100-point spurt in Sensex with which the stock market greeted the ruling coalition UPA’s victory in the recent elections is just one indication that expectations from the new government run high. The rupee surged against dollar by 3 per cent overnight day amid expectations of renewed inflows of foreign funds. |
| Indian Rupee Witnesses Turn of the Tide |
| The steep depreciation of the rupee against the US dollar has surprised many, including the monetary authorities. That the US economy, especially its financial sector, is in deep trouble needs no elaboration. |
| Rupee down, but not in free fall |
| THE sentiment on the Indian rupee has swung from one extreme to the other. Since the beginning of the month, the rupee has lost almost 7.5 per cent from 40 to a dollar to 42.96, its lowest in 13 months. Indeed, it had breached the Rs43 mark on Friday, before dollar selling by RBI pulled it back. |
| Worrying signs of stagflation |
| The Indian economy is reeling under a series of bad news, suggesting that the outlook for the world’s second fastest-growing economy is no longer as rosy as before. |
| World moving away from falling dollar, but slowly |
| THE steep fall in the value of the US dollar vis-a-vis most of the major currencies in recent months has reignited the debate on its future as the currency of international trade and global foreign exchange reserves. |
| Futures trading: Villain or scapegoat? |
| Futures market do not invent the price, they only help players discover it. Trading in futures provides vital clues to the state of supply-demand equations and could give timely warning of the kind of crisis that has currently overtaken the country |
| Is India ready to set up SWF? |
| IS INDIA equipped to launch a sovereign wealth fund (SWF)? Many countries flush with dollars-mostly oil and gas exporters-have placed a part of their forex reserves in SWFs that invest in more rewarding assets across the globe. |
| Food inflation: no early end in sight |
| IF THERE is one economic phenomenon that even illiterate politicians understand and dread, it is inflation. Inflation led by food prices is even more easily understood and more dreaded. If inflation is a tax on the poor, that led by food prices is a double tax on them, as the poor spend a higher proportion of their meagre incomes on food. |
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