Cache of the day; illegal flights and arms traffic cause security concern
Article Abstract:
The accidental discovery of a smuggled arms cache in India's West Bengal state, in the Purulia district, has triggered a confused investigation and accusations between govt branches. Villagers happened to be near the drop of 300 assault rifles, grenades, launchers, and ammunition, and several days later authorities intercepted a plane believed to have dropped the weapons, though the operation's leader escaped. Authorities do not know for whom the guns were intended, but the incident raises important security questions.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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Red rally
Article Abstract:
Indian Finance Minister P. Chidambaram hopes to reinforce foreign investors' enthusiasm over the new government by cutting the fiscal deficit and improving on the feeble privatization effort. He may have to move quickly, given widespread prognoses of a swift demise for the United Front coalition government, but he seems prepared to do so. The stockmarket leapt 4.7% after the government won a vote of confidence, and analysts say the rally is driven by foreign portfolio funds seeking long-term, blue-chip opportunities.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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Do not disturb; strict rules take the fun out of election campaign
Article Abstract:
Strict new campaigning rules have subdued the character of India's general election. Candidates must adhere to strict codes of conduct and curbs on spending, reforms aimed at reducing the clutter and noise of campaigns. The new measures are also intended to prevent incumbents from utilizing state resources for political purposes. Chief election commissioner T. N. Seshan has been zealous in policing campaign fairness and has earned respect from many Indians tired of political corruption.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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