TOP HEADLINES
• Tough decisions needed to push reforms: PM
• IT industry looks to 'data mining' for succour
• Forex reserves at a record $44.951 billion
• Pant warns against not meeting 8% growth
• Singapore Airlines opts out of A-I race
• Licence raj in convergence: BS
• Niskalp operations cost Tata Fin Rs 2 bn
• April-July fiscal deficit 50.4% of target
- - More

CORPORATE HEADLINES
• Jaipan Industries declares bonus issue
• BSE imposes AVM on 6 scrips
• Jindal Steel fixes book closure for dividend
• Creative Eye director Godrej dead
• Varun Shipping appoints nominee Director
• SBI appoints new Directors
• Great Eastern Shipping to raise funds
- - More

MARKET REPORT
Sensex sheds 42 points
Selling pressure in new and old economy stocks. Tech, pharma and cement stocks end weak. Reliance down 3%. ICICI, Telco and Bhel gain.

DAILY TECHNICALS
Trading strategy for September 3, 2001
Sensex, NIIT, Telco, Ranbaxy, Cipla... Check out what you can do on Monday.

COLUMN
When everybody else takes pay-cuts, our netas get a hike
'The raise to 790 super-privileged persons is resented by most of India's billion-strong population,' says Sucheta Dalal.

STOCK TALK
'Most traders lose money'
'It is a tough period and no one is making money by sitting. However it will pass. India still retains an edge in IT and I believe that,' says Ramesh Shrichand Damani.

INTERVIEWS
'India must get the world to condemn what the US is doing with patents'
'If Trade Related Intellectual Property Rights is to be a binding treaty, then the Convention on Biological Biodiversity must be an equally binding treaty. The Americans must be forced to accept it,' says Suman Sahai, Convener, Gene Campaign.
'We have resoundingly lost the basmati case'

'WTO cannot be blamed for our inaction'
'We have been sleeping over the inevitable challenges that we knew would arise out of signing the WTO pact. But there's no point in looking back. We should pull up our socks now,' says
Dr M S Swaminathan.

'A new WTO round will be useful'
'India can play a more effective role if it joins the negotiations soon,' says US Trade Representative Robert Zoellick.

THE BUDGET & GOVT POLICIES
The Rediff Budget Special: Full coverage
Rail Budget 2001-2002: Full coverage
Credit Policy 2001-2002: Full coverage
Exim Policy 2001-2002: Full coverage
Economic Survey 2000-2001: Full coverage