Cover
Story
Public
Debt Management: PC's Tightrope Walk
-- N
Janardhan Rao
In
a democracy like India, due to political compulsions, the
government’s expenditure grows inexorably and is not
always based on productivity. This has resulted in larming
levels of debt over the years. If this trend continues, the
country may expose itself to the risk of undermining its creditworthiness,
devaluing the currency, and destabilizing the whole economy.
With the alarming levels of public debt, narrowing down the
same has become an important issue in the country at this
juncture. It would be a tight ropewalk for the Finance Minister
to maintain the current growth tempo and balance the revenue
and expenditure.
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Business
Environment
Hosting
Olympics: Gamenomics
-- G.
Saradhi Kumar
While
Olympics can showcase the host city, the economics of hosting
the games is a challenge.
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Microsoft:
Regulator's Nightmare
-- Shashidhar
Mishra
Can
the regulator's ever contain Microsoft's monopolistic deeds?
Imagine
a situation, where a po-tential Personal Computer (PC) buyer
is asked to choose the application software (for example,
office productivity tools, media player,
Internet explorer, etc.) he would like to have along with
the Windows Operating
System.
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Steel
Regulator: Valid Concerns
-- Anupama
Chowdary
With
the government wanting to set up the steel regulator, the
industry players are expressing concerns.
On
June 12, 2004, at a meeting of the National Steel Consumers
Council in New Delhi, the Union Steel Minister Ram Vilas Paswan
said that the Ministry is considering setting up an independent
regulator to monitor and fix the prices of steel and the proposal
would be taken to the government in three months.
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Hedge
Funds in India: Entry Regulations
-- K
B S Kumar
Hedge
funds have been investing in Indian markets through the participatory
note. However, of late, Sebi has expressed its interest to
allow the hedge funds to directly operate in the Indian markets.
The article analyzes the underlying issues before the regulators
and the financial institutions.
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Financial
Markets
Straight
Through Processing: Seamless Trading
-- Anupama
Chowdary
Straight
Through Processing (STP) is a system that facilitates faster
and smoother processing of transactions in stock markets without
manual intervention.
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Straight
Through Processing: Myths and Reality
Straight
Through Processing (STP) is not just an operational initiative.
As a strategic imperative any STP program should look beyond
a one-time operational plan with a limited objective of achieving
a reduced settlement cycle.
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SARFAESI
Act: The Diagnosis
-- C Vijaychandra
Kumar
The
action taken by the banks in case a borrower does not respond
to the legal proceedings initiated by the lender will not
weaken the position of borrower.
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SARFAESI
Act: Loopholes
-- C Vijaychandra
Kumar
While
many thought that the Securitization Act was a remarkable
legislation in the Indian banking history, certain issues
are yet to be resolved for effective implementation of the
Act.
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Corporate
Finance
IPO
The Google's way
-- G Srikanth
After
making it big in the search engine industry, Google has finally
announced its decision to come out with an IPO. Theissue is
gaining prominence.
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Financial
Services
BANCASSURANCE:
Indian Scenario
-- Sharath Jutur
While
bancassurance is a success story in Europe and other offshore
markets, it is still in its nascent stage in India. We examine
the challenges and opportunities for these products in India.
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Financial
Conglomerates: Collective Supervision
-- Anupama
Chowdary
RBI
has come up with a new system to monitor the financial conglomerates
to elucidate the complex inter group transactions and exposures
between the entities.
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Industry
Indian Biotech: The Next Blockbuster
-- Indu Prasad
After
IT, biotechnology is India's sunrise sector.
After
leading the IT band-wagon, India has shifted its focus to
Biotechnology (BT). The current trends in the sector show
tremendous growth opportunities and it is being considered
as a sunrise industry and is ranked at par with IT by experts.
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Corporate
Strategy
Mitsubishi's
Crisis: Will Keiretsu Work
-- K B
S Kumar and K Rajesh Prabhakar
The
trouble-struck Mitsubishi Motors recently unveiled its bailout
package to get the company back on track. After receiving
a jolt from its strategic partner DaimlerChrysler’s withdrawal,
Mitsubishi Motors is banking on its own group of companies.
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Air
France KLM: Married Yet Single
-- Nidhi
Joshi
Despite
the merger, Air France and KLM would retain their individual
identities.
Airline
is not like other businesses and so merging them is a tough
job. Assets such as the nature of international air traffic
rights, airport landing slots, air traffic control requirements,
and other regulatory approvals cannot smoothly shift from
one owner to another.
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Sony
Corporation: The Make-over has begun
-- Sumit
Kumar Chauthuri
Sony
Corporation, the world's leading consumer electronics company
is hit by problems on various fronts - both financial and
competitive. In the first round of addressing these problems,
Sony has resorted to internal cost-cutting.
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