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The sordid magic of levitating commodity prices
(May 23 2008)
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Is there a special hell for economists purveying bad policy?
(May 11 2008)
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The Federal Reserve fumbles, as Old Europe gets it right
(May 8 2008)
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The name of the game in 2008 is inflation, or rather its management
(Apr 25 2008)
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In the middle of a turbulent river crossing
(Mar 21 2008)
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Ahead, the road’s getting rougher for the Juggernaut
(Mar 14 2008)
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Recession is still iffy but Inflation looks certain
(Feb 22 2008)
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Taking Stock of the Indian Economy
(Feb 14 2008)
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A roller-coaster of a month: With more bumpy rides ahead
(Jan 25 2008)
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Bush Mess Endangers the Economy and Much Else
(Jan 25 2008)
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Stop talking the American Economy into Recession
(Jan 18 2008)
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The outlook for 2008 is difficult, but not depressing
(Dec 27 2007)
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Peering at 2008 – through the Fog of Sub-Prime Woes
(Dec 20 2007)
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Do Indians like their facts so heavily garnished that the reality is lost?
(Nov 27 2007)
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Living in times of enhanced uncertainty
(Nov 23 2007)
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Financial Markets in the Wake of the Sub-Prime Crisis
(Oct 29 2007)
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The churning and the heaving in the world’s capital markets
(Aug 24 2007)
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Managing Inflation in Incredible India
(July 20 2007)
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Indian Economic Growth – It’s Sustainability or Otherwise
(June 29 2007)
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The Enigma Wrapped in a Mystery – Favourable and Unfavourable Comparisons
(May 25 2007)
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Some suggestions for managing growth and inflation in 2007/08
(Apr 16 2007)
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Setting the framework for the next fiscal year – 2007/08
(Apr 2 2007)
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The nervous ripple roiling markets and what it might mean for us
(Mar 19 2007)
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It is indeed possible to maintain growth and hold the price line
(Mar 6 2007)
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Not a cakewalk, but a tight-rope:Balancing high growth with low inflation & equity
(Mar 1 2007)
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The word-wide economic boom encompasses sub-Saharan Africa
(Feb 19 2007)
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More on the business of containing inflation
(Feb 5 2007)
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Our constraint is infrastructure and it is not about funds
(Jan 8 2007)
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Policy implications of improved outlook for crude petroleum prices
(Dec 25 2006)
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What manner of a boom is this? The answer could hold some guidance
(Dec 11 2006)
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As inflation hardens its edges, making monetary policy gets tougher
(Nov 27 2006)
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To keep industrial growth going the only obstacle is our disability to execute decisions
(Nov 13 2006)
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Is the world economy slowing? If so, not by much it seems …
(Oct 29 2006)
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The hard task of accommodating growth while maintaining stable monetary conditions
(Oct 16 2006)
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Revisiting Oil Prices, Inflation and Growth
(Sept 18 2006)
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How is it that the world continues to grow despite high oil prices and the threat of inflation?
(Sept 4 2006)
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How global demand has adjusted to soaring oil prices, and some of its merits
(Aug 21 2006)
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Interest rates, credit off-take and economic growth
(Aug 7 2006)
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A few quieter years and what that might bring…
(July 24 2006)
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Inflation – its strange anatomy and the lessons that it holds
(July 10 2006)
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The difficult art of balance – between containing inflation and supporting growth
(June 26 2006)
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Walking on eggs in a fog of considerable uncertainty
(June 12 2006)
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The recent slide in equity prices – mostly global and some local factors
(May 29 2006)
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The coordinated slide in the US dollar – a campaign with unsettling consequences
(May 15 2006)
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Deconstructing the policy prescription for fixing the world’s unhealthiest appetite
(May 1 2006)
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A Pipeline to wrap around my neck
(Mar 20 2006)
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Sticking to the straight and narrow
(Mar 1 2006)
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Providing the fuel to accelerate growth-The increase in Savings and Investment Rates to the 30%-range does just that
(Feb 20 2006)
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As the interest rate journey tops the crest- Opportunity abounds in the flat stretch that lies ahead
(Jan 23 2006)
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On the first anniversary of the end of MFA - Find how our exports have been constrained by inadequate capacity, while that of China has not
(Jan 9 2006)
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A Good Year with Expectations Reinforced and Pleasant Surprises-Thus creating conditions for considerable consolidation in the New Year
(Dec 26 2005)
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Intertwined strands of strength-Several successful initiatives in reform make for the strength of the economy today
(Nov 28 2005)
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The Triumph of India’s Market Reforms: The Record of the 1980s and 1990s
(Nov 3 2005)
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Understanding the Burgeoning Current Account Deficit-The Devil, as usual, is in the details
(Oct 31 2005)
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What drives the exuberance in the equity markets? - Making up for lost time, a strong big boost to corporate earnings and stability in financial markets
(Oct 3 2005)
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The pain of acute indigestion – petroleum prices and policy : The difficulty of learning to let go: flexibility is the counterpart to commonsense
(Sept 5 2005)
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On exuberance and sobriety : Equity prices are a complex function of domestic and global market sentiment and asset fundamentals
(Aug 8 2005)
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An otherwise benign summer…
(July 11 2005)
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Have rates peaked out? : There are signs that the current phase of monetary tightening may be coming to an unexpectedly early end
(June 27 2005)
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The yuan inches up : How far will it go is conjecture – but we do live in interesting times and it’s a blessing
(May 25 2005)
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Sparks begin to fly in the main show of 2005 : While China digs in to defend perceived rights of sovereignty in currency rates
(May 20 2005)
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Government Big, Small and Tax Exemptions : An old debate not ever stated, and with characteristic Indian obfuscation
(May 16 2005)
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The yuan – the big known unknown : Twenty years after the Plaza Accord – how will History repeat itself?
(May 2 2005)
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How and why facts are important : Interpretations of the size of the trade deficit imply different policy approaches
(Apr 18 2005)
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How and why facts are important : Interpretations of the size of the trade deficit imply different policy approaches
(Apr 18 2005)
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Taxing Issues : The Imperative for Efficient and Equitable Taxation
(Apr 4 2005)
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What’s happening to oil prices? : Petroleum prices show no sign of softening to levels that could obviate domestic price increases
(Mar 7 2005)
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Manufacturing’s Real Prize : We need world class manufacturing capacity to service the large future home market
(Feb 21 2005)
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The Munitions for Growth : We have the savings, investment is up, as is growth – time for more realism
(Feb 5 2005)
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With a focus on accelerating growth : Dealing with the many opportunities and challenges that face the economy
(Jan 10 2005)
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Indian textiles in the post-MFA era – how will it fare?
(Dec 29 2004)
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Ushering in the New Year
(Dec 26 2004)
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Growth, jobs, productivity : Making the best of our greatest resource – Indians in the millions
(Dec 13 2004)
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A Good Year Ends : Making good in the New Year and in the new world
(Dec 13 2004)
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A Positive Investment Climate : Making the best of the good economic conditions that exist at present, is in our very own hands
(Nov 29 2004)
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Remittances from Overseas : Domestic macro-economics must further adjust to encourage import of physical resources for growth
(Nov 1 2004)
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Unexpected outcomes : The rising phase of the interest rate cycle is generating enormous credit off-take from the banking system
(Nov 1 2004)
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Sick PSUs should be shut down
(Oct 27 2004)
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Estimating the Financial Resources for Investment and Growth
(Oct 25 2004)
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Oil prices – a six month perspective : Very expensive oil makes the woes of managing inflation ever more difficult
(Oct 18 2004)
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In anticipation of the official mid-year review
(Oct 8 2004)
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The Oil Slick on the Road : Crude oil prices soar as the supply cushion is consumed by rising demand
(Oct 4 2004)
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Xenophobia – the fright behind the bluster
(Sept 15 2004)
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Inflation – the hot button policy issue for the moment
(Aug 16 2004)
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Assessing the Inflation Outlook:In the context of global trends of rising energy price and slower output expansion
(July 19 2004)
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Learning to do things differently needs bold experimentation and absence of trepidation
(July 12 2004)
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Union Budget 2003-04: Much thought and passion in the Budget Speech – making pennies count
(July 8 2004)
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Economic Survey 2003-04:A cryptic message baked in a CMP oven
(July 8 2004)
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Budget2004 guessing game as market virtue:In the final run-up, something on the merits of expediency over theory and the dividend tax
(July 5 2004)
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Reinventing the Planning Commission
(July 2 2004)
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The perceived El Dorado of taxes on services, as such things tend to be, is a mirage
(June 28 2004)
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Union Budget 2004: Finding resources for investment, growth and social development
(June 21 2004)
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Investment, growth and tight resources
(June 14 2004)
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Some unpleasant arithmetic:Financing the CMP mission objectives in Budget 2004 is a tough job, to put it mildly
(June 7 2004)
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Facilitating employment outside agriculture and in urban areas is at the very heart of economic growth
(May 3 2004)
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Interest rate outlook world-wide hardens as inflation starts picks up and currencies swivel
(Apr 26 2004)
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Inflation is the big challenge in 2004-05
(Apr 19 2004)
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Growing the Indian economy faster, as fast it can
(Apr 12 2004)
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As a good fiscal year closes, the challenges of the new are many
(Apr 5 2004)
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Both exports and imports surprise, while the rupee rises
(Mar 26 2004)
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“India Shining”, the new project of modern India – neutralising sectarian and entitlement politics
(Mar 19 2004)
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The Uneasy Tides of March 2004
(Mar 12 2004)
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The roller coaster currency-ride, of clever men and prudence
(Mar 4 2004)
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The Shine on the Rupee
(Mar 1 2004)
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Will the Elephant take wing, as did the Dragon?
(Feb 23 2004)
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The Elephant in the Room-Hypocrisy gets in the way of facing our biggest problem
(Feb 16 2004)
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Of Feeling Good and Hangovers
(Feb 9 2004)
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The Vexed Issue of Petroleum Subsidies
(Feb 5 2004)
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Expenditure control in an election year augurs well for fiscal consolidation
(Feb 4 2004)
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In the shining Indian night sky – stars, slow-moving planets, and black holes
(Feb 2 2004)
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What is fuelling rising inflation and expectations for 2004
(Jan 26 2004)
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Fiscal Implications of the Mini Budget 2004
(Jan 20 2004)
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A sea change in the politics of the economy?
(Jan 19 2004)
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As the new financial year begins
(Jan 19 2004)
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The Good Economics of Mini-Budget 2004 Outweigh the politics of it
(Jan 12 2004)
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On interest rates and the demand for credit
(Dec 8 2003)
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More on the Two Giants of Asia
(Dec 1 2003)
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More on the Two Giants of Asia
(Dec 1 2003)
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The Tale of Two Giants – China and India
(Nov 24 2003)
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The Tale of Two Giants – China and India
(Nov 24 2003)
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Innovation in interest rate differentials
(Nov 14 2003)
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The Queer Anatomy of Inflation
(Nov 10 2003)
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Challenges facing today’s Credit Policy
(Nov 4 2003)
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Long term institutional issues to the fore
(Nov 3 2003)
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The highs and the lows this Diwali
(Oct 27 2003)
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Poor information makes for bad policy
(Oct 20 2003)
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Sliding gilt yields and the outlook
(Oct 13 2003)
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Half way into the fiscal year
(Sept 29 2003)
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A Golden Sheen on Our Imports
(Sept 22 2003)
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Good news on the industrial front
(Sept 15 2003)
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On the decline in official grain stocks
(Sept 8 2003)
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Making a mystery of industrial growth
(Aug 25 2003)
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Managing net decline in our institutions
(Aug 18 2003)
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An embarrassment of riches
(Aug 11 2003)
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The reality of “real” interest rates
(Aug 4 2003)
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Consumer demand drives industrial growth
(July 28 2003)
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Growth prospects remain modest
(July 14 2003)
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Divestments, the only initiative
(July 7 2003)
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Rate cut and other thoughts
(June 30 2003)
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Changes in US Trade and Capital Flows
(June 16 2003)
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The Luxury of Soft Rates
(June 9 2003)
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The interminable wait for the rebound
(June 2 2003)
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Some rice for thought
(May 26 2003)
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Exchange Rate Complexity
(May 19 2003)
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Prospects for South West Monsoon 2003?
(May 12 2003)
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Credit policy, inflation and exchange rates
(May 5 2003)
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Inflation and Macro-management
(Apr 28 2003)
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What fuels the fires of Inflation?
(Apr 21 2003)
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What price Government debt?
(Apr 14 2003)
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Management weakness has undercut the Fisc
(Mar 31 2003)
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Signal improvements on the tax front
(Mar 24 2003)
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The war in Iraq and its aftermath
(Mar 24 2003)
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Persistently weak fiscal management
(Mar 17 2003)
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Will Interest rates drop further?
(Mar 12 2003)
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Inflationary pressures gain strength
(Mar 10 2003)
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After the Sound and Fury
(Mar 4 2003)
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Will Budget 2003-2004 bolster growth?
(Mar 4 2003)
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Union Budget 2003-2004
(Mar 1 2003)
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Finding resources for growth
(Feb 25 2003)
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The Economic Survey 2002-2003
(Feb 25 2003)
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As the Alliance without a raison d’ętre cracks
(Feb 18 2003)
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Fiscal Stress and Rating Views
(Feb 11 2003)
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Numbers for Constructing Budget 2003-04
(Feb 3 2003)
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On The Vexatious Dividend Tax
(Jan 21 2003)
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November’s dismal industrial output growth
(Jan 13 2003)
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January, Iraq and Oil
(Jan 6 2003)
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