LIBERALISATION

Liberalisation is an essential pre-requisite for a successful privatisation.In the absence of liberalised rules and regulations,the private sector will not be willing to venture, due to several restrictions which would hinder the independent growth of the private sector institutions.We know that the industrial policy of 1991 announced by the government of India is nothing but economic and industrial liberalisation.This liberalisation has tremendously expanded the scope of the private industry in India.Prior to liberalisation,seventeen of the most important industries were exclusively reserved for the public sector.Further, in twelve of the most important remaining industries were allocated for the private sector..Even the industries are open to private sector,several regulations like industrial licensing,clearance from MRTP act and Foreign Exchange restrictions etc.,would hinder private investments.With the liberalisation policy,these restrictions were removed,offering large scope for the expansion of the private sector.Now only six industries are reserved for the public sector and even in some of these industries,selective entry of the private sectors is allowed.Industrial licensing is confined to only fourteen industries.These industries,subject to licensing,account for only fifteen percent of the value added in the manufacturing sector.The MRTP regulations regarding  entry and growth were scrapped.In short,private enterprises can now enter and grow in most of the industries.Further automatic approval of foreign investment upto fifty one per cent and foreign technology agreements are permitted for 48 priority industries.

ENDHIRAN PIX

GORDIMER IMPACT

Nadine gordimer needs no introduction.During a short visit to Mumbai,Gordimer chose to introduce herself

to her audience via  a short story about a little girl who details the immense sufffering and struggle of her  life

.Gordimer ,small and elegant,suddenly transformed into her character,lending it an immediate visual impact

that few authors can.

Responding to questions from the audience ,Gordimer said that she regarded writer's like "Chekov,Tolstoy and

Dostoeyvsky as her professors".Of Indian authors ,she said that she was struck by the works of Nayanthara

Sahgal and of course Salman Rushdie.Amitav Ghosh for his wonderful books on the opium wars and Shashi 
Tharur

SAVE THE EARTH

"Save the Earth" is the slogan of the day.The whole world heard this call during the "Earth Summit-1992" held at Rio city in Argentina.Save the Earth from what? was the question asked by the people.Save the Earth from the dangers of destruction,Pollution,Deforestation,and killing of Wildlife.The future of Earth was dark,it seems.

Today the earth is not like as it was before hundred years ago.Advancements of Science and Technology in all walks of life have simultaneously disturbed the balance of the nature.For example,use of chemicals and fertilizers has polluted the land and water.But we are not being able to find a solution.All the livings things on earth are dependant on water.One can live without food for days but not without water.If the land and water are polluted with chemicals,it will cause many health problems for all men.

Secondly,the forests are destroyed and the trees are felled throughout the world by people.Forests are the source of rain.They are also essential for the prevention of soil erosion.Moreover the Deforestation leads to the loss of shelter for animals and also causes Global Warming.Thus the disturbance in the order of nature creates many interlinked problems.

Another serious problem is the pollution of air and atmosphere.The gases released from the factories pollute the atmosphere.Since the people inhale impure air,the fall sick and get all types of diseases.Apart from this the gases change the composition of the air in  the atmosphere.For example,holes have been made in the ozone layer covering the earth.These holes may permit infra light rays into the land.

What are the ways that we can do to save the earth from these risks?.We should preserve our forests.We should plant more trees and saplings in our society.The air and water should not be polluted.Avoid unnecessary travel by vehicles.The gases released from factories and industries should be filtered.The Industrial wastes should not be allowed to reach the sea.Man should not exploit natural resources,instead they should learn to use it economically.For example all the petroleum resources will be exhausted by 2050.So we must act before it is too late.If we do not act now,the world will not be a fit place for the future generation to live.These problems are because of us.The solution to all these problems is also in our hands.It is up to us to "Save The Earth".

TYPES OF CURVES

 

The Production possibility curve represents the supply side in international trade. It shows the various alternative combinations of the two commodities that a country can produce more efficiently by fully utilizing the factors of production with the available technology. It represents the demand side in international trade. A commodity difference curve shows the various combinations of two commodities which yield the same satisfaction to a community.

 

2. The Offer Curve

 

Another important tool in international economics is the offer curve or reciprocal demand curve.The offer curve of a country returns the relative commodity price at which trade takes place.It shows various quantities of its exportable commodity.A country is willing to exchange for an importable commodity at various international prices.

 

3. The Trade Indifference Curve

 

It is a technique used to show the import of  trade on consumption output and gains from trade. A trade indifference curve shows changes in domestic production and consumption as well as in real income from shifts in terms of trade and volume of trade.

DOCKING CRADLE

Altec Lansing's digital docking system exclusively for the ipod family is glossy,stylish,sexy and sporty with a sleek black finish.You dont have to bother about poor battery life on your ipod anymore.The docking system comes with a rechargeable lithium-ion batteries equipped with seven hours of playback.What's more,it has built in FM tuner,an LCD screen to display your ipod tracks and a remote control.The T612 comes with adapters includedfor previous generation products,so you can plug in any ipod,for an amplified music experiernce.It is priced at Rs 7500.

ON A ROLL

Actor John Abraham is on a roll.His latest Venture,despite an element of risque,has got him and his co-stars

rave reviews.A grinning and a satisfied Abraham said that the break he had taken seems to have done good.

"My weakest point is never knowing what scripts to choose.I realised that i was  not choosing the right scripts

so i decided to sit back for a while and it seems to have worked.

Abraham is all praise for his co-stars as well as the director karan Johar."I nearly revolted when he suggested

 that i wear yellow briefs.But he told me that would be the defining moment of the film  and it seems to be true.

So I really do the trust the guy.

Talking about the relationship with Bipasha Basu,Abraham grins wickedly and says," Marriage is not on the cards right now;we know each other too well for all this to bother our relationship.I suppose we are at a mature stage now  would like to keep it at that.We are going to concentrate on our careers and leave the display of affection in Public to others .I think we have gone beyond that stage.