Enron power and the world IPP scenario
There have been a series of articles last week from senior academics, including one who argue that poor DPC is not to blame for its extremely expensive power and it is a malfunctioning MSEB and the State govt which are entirely to blame for signing a bad deal.



Forex reserves cross $ 40 bn for first time
India's foreign exchange reserves ended calendar 2000 at a record high after a year of sharp ups and downs. The RBI said foreign exchange reserves stood at $40.008 billion on Dec 29, above $40 billion for the first time, and up $201 million from a week earlier, and $5.073 billion from Dec 31, 1999.



Consumers resent Petroleum Minister's New Year gift
It was the New Year gift from petroleum cos to the citizens of Mumbai which no one welcomed. A surprise hike in petrol and diesel prices -- seventh in the last 22 months -- by 46 paise per litre and 60 paise per litre respectively to pay for new environment-friendly fuel.



Other headlines
ICAI comes down on SEBI
Japan slashes govt by half in reforms drive
25 out of 30 top Sensex stocks show negative returns
I&B sleuths are monitoring surrogate ads for objectionable matter
IPCL disinvestment unlikely this fiscal