APRIL 2, 1992. On the morrow of All Fools' Day, the 'Ayodhya' of Indian capital, the Bombay Stock Exchange, revealed the first ugly chinks in its armour. The BSE's
CORNERED BY the scandalous revelations from Bombay, the government is now trying to put up a brave front. We are being told that it was a case of “systems failure
HAVING ALREADY carried out or at least firmly initiated the core of the structural adjustment programme, namely, devaluation and partial convertibility of the rupee, removal of almost all checks on
NOW LFT us note some of the major political implications and lessons of the new economic regime. Firstly, the changes in economic policy are supplemented by a matching shift in
