Victims Of The Crash Small investors like Girish Patel of Ahmedabad have lost much of their life's savings in the stock market crash. A profile of some middle-class investors who burnt their fingers.

Villains Of The Crash SEBI Chairman D.R. Mehta along with bankers, and brokers must share the responsibility for allowing yet another scam by their acts of commission, and omission.

What's Next For The Economy?
For the third time since 1997, a combination of sliding stock markets, political instability, and global slowdown threatens to turn the hopes of an economic take-off into despair.

Numbed By Disgrace
The BJP, still in shock, begins life after the Tehelka expose with a new president and a combination of hope and bluster. A swot analysis.

"I'd choose Musharraf"
Former Pakistan prime minister Benazir Bhutto talks about her relations with her country's politicians, Indo-Pak relations and Kashmir in an interview to Aaj Tak.

Official Obstacle
Chhattisgarh Chief Minister Ajit Jogi eggs on workers to go on a strike that is adversely affecting production, and profits.

Fire Fighting
As the Tehelka controversy slows the defence deals, the Government takes steps to revamp the set-up and streamline the weapon procurement system.

COVER STORY: THE STOCK SCAM; FALLOUT

Will The Global Slowdown Swallow The Indian Economy?

S.L. Rao, Economist and former director-general, NCAER
No, the global economic slowdown should not affect the Indian economy too badly because we are not too dependent on exports.

Surjit Bhalla, President Oxus Research
No, because the global economic slowdown will not stretch beyond the next couple of months. The US economy will revive by the second half of 2001. Besides, the Indian economy is not as dependent on the world economy as south-east Asian economies are.

Pradeep Srivastava, Principal Economist, National Council for Applied Economic Research
Yes, the global slowdown, the petering out of the consumption boost from the Pay Commission, last year's poor harvest, the WTO-mandated opening of imports from April 1-all these are factors that pose the downside risk to economic growth this year.

B.B. Bhattacharya, Professor, Institute of Economic Growth
No, because it is not yet clear how deep the global economic slowdown is. If it is merely a correction of overheating of the US economy, then it is a temporary phenomenon.

M.R. Madhavan, Vice-President, Research,
Bank of America
Yes, the slowdown in the US would have an adverse impact and export growth is likely to decline to single digits. The information technology industry would bear the brunt of the slowdown.

Ashima Goyal, Professor, Indira Gandhi Institute for Development Research
No, because there are some alleviating aspects of the slowdown. More US and Japanese firms may turn to India. The US policy establishment is proactive and may succeed in a soft landing. In any case, east Asia is doing well now.

U. Sankar, Director, Madras School of Economics
No, the slowdown in the US and Japanese economies will affect our export prospects only in the short term. India has tremendous unexploited growth potential which we can tap by providing good infrastructure and suitable economic policies. India itself is a large market.

MetroScape

Collaborative Class
Italian designer and architect Tarshito Nicola Stripoli has been busy rearranging world geography.
more...

Looking Glass

Delhi Salon: Jacques Dessange

Mumbai Theatre:
IMAX dome

Mumbai Restaurant:
Watering Hole

The ambitious Anandgarh township proposal stirs another round of controversy as a high court order foils the Punjab Government's plans of acquiring land for the project. INDIA TODAY's Special Correspondent Ramesh Vinayak reports in
Despatches.