Economy

THE Air-India (AI) Board finally announced its long-awaited decision on the procurement of new aircraft to replace its ageing fleet as well as to meet the challenging new environment in international air travel. To the … Read more

ONE of the several developmental issues on which the CPI(M) and the Left in general on the one hand and the Congress-led UPA government on the other hand have differed has been in respect of … Read more

THE response of media, particularly the electronic one, to the stock market melt down of May 17, was revealing. It became the central story for days, pushing mundane events such as the electorate throwing out … Read more

ON November 1 this year, US District Judge Colleen Kollar-Kotelly approved of the agreement between the Justice Department and Microsoft on its anti-trust case. This agreement, while admitting that Microsoft was a monopoly and had … Read more

THE recent controversy over the ICC and cricket underlies the power of television and money in sports today. Briefly, Rupert Murdoch had reached a 550 million dollars deal with the ICC by which during ICC … Read more

IN late March this year, the Board of Indian Airlines, based on inputs from various technical and financial committees working over several years, had finally decided upon the long-awaited first major fleet augmentation of the … Read more

SIX years after privatising British Rail, the Labour government has finally pulled the plug on Railtrack and effectively re-nationalised the company. This is after years of paying out good tax payer’s money to Railtrack, the … Read more

INDIA embarked on its present path of economic liberalisation, on instructions from the World Bank and the IMF, relatively late. But in 1991 the infamous Manmohan Singh budget set things in motion. The immediate fallout … Read more