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from India Insight:

Indian eatery run by murder convicts praised for politeness, hygiene

As India's capital baked under a heat wave this month, banker Gaurav Gupta sat down for lunch at a new air-conditioned restaurant, and was greeted by a smiling waiter who offered him chilled water and took his order -- a traditional "thali" meal of flatbread, lentils, vegetables, rice and pickle.

Nothing unusual, except that the employee, like most of his co-workers, is a convicted murderer serving time in South Asia's largest prison complex.

"Tihar Food Court" on Jail Road in west Delhi is part of a wide range of reform and rehabilitation initiatives undertaken at the Tihar prison. It opened in the first week of July on an "experimental basis" while waiting for formal clearances, and is located half a kilometre from the prisoners' dormitories.

With a spacious interior lined with gleaming wooden tables and walls adorned with paintings by prisoners, the 50-seat restaurant is coming in for praise from customers, especially for being clean and for the polite behaviour of its employees, who were trained by the Delhi Institute of Hotel Management, an autonomous body under the state government.

from Breakingviews:

Asia’s solid exterior hides internal weakness

By Andy Mukherjee 

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Asian economies are becoming more resilient externally, but sputtering economic growth is weakening them from within.

from India Insight:

Four of every 10 Asians living with HIV are Indian – U.N. report

India has the third-highest number of people living with HIV in the world, with 2.1 million Indians accounting for four of every 10 people infected in Asia, the United Nations said in a report on Wednesday.

The epidemic has killed about 39 million of the 78 million people it has affected worldwide since it began in the 1980s, the U.N. AIDS programme said, adding that the number of people infected with HIV was stabilising around 35 million.

from India Insight:

A victory of defiance, not a dead pitch

(The views expressed here are solely those of the author, and not necessarily those of Reuters)

Cricket is a contest of attrition. The game is a lot more about skills and strategies than just the "condition of the pitch." It's certainly more cerebral than what a few contemporary commentators would have us believe.

from Global Investing:

Emerging markets; turning a corner

Emerging markets have been attracting healthy investment flows into their stock and bond markets for much of this year and now data compiled by consultancy CrossBorder Capital shows the sector may be on the cusp of decisively turning the corner.

CrossBorder and its managing director Michael Howell say their Global Liquidity Index (GLI) -- a measure of money flows through world markets -- showed the sharpest improvement in almost three years in June across emerging markets. That was down to substantially looser policy by central banks in India, China and others that Howell says has moved these economies "into a rebound phase".

from Breakingviews:

Spending hike is best part of low-key India budget

By Andy Mukherjee

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

The new Indian government’s maiden budget fell short of the hype. But Narendra Modi’s administration earmarked substantial sums for new infrastructure, which should revitalise growth.

from India Insight:

Budget 2014: Give Indians tax breaks, more ways to invest – experts

Arun Jaitley's first budget as India's finance minister should allow individual taxpayers to invest more money in vehicles such as government savings bonds, mutual funds and employee savings plans, and provide them with tax credits that would bolster their savings and boost economic growth, tax experts say.

Income tax rules allow for an annual exemption of 100,000 rupees ($1,700) in investments and expenditures such as life insurance and home loan repayments, a rule that has remained unchanged for about a decade. Such investments, along with public provident funds, employee provident funds, five-year term deposits in banks and equity-linked mutual fund savings plans are good for individuals and also help keep the economy on a strong footing, said Suresh Surana, founder, RSM Astute Consulting.

from India Insight:

VIDEO: India’s auto sector and budget expectations

India's automobile sector may have been dented by negative sales for two straight years, but the Society of Indian Automobile Manufacturers (SIAM) is hoping to see an uptick in sales this fiscal year.

Spiralling inflation and expensive bank loans, which most Indians depend on to buy vehicles, weighed on customer sentiment as the country’s economic growth languished at 4.7 percent in the December-quarter -- about half the rate of India’s boom years.

from India Insight:

When the Right To Information becomes a fight for information in India

The Congress party-led government that drafted the Right To Information (RTI) Act in 2005 touted the law as one of its success stories for the average Indian in the last election. Whether it played any role in the election's outcome is difficult to say, but activists who specialize in RTI requests throughout India say that government workers have found many ways to frustrate their attempts to get responses to their questions.

Filing an RTI is easier than it used to be, but extracting information is getting harder each year, said Neeraj Goenka, an RTI activist in Sitamarhi, a town in the state of Bihar.

from Expert Zone:

National agenda to bring $100 billion of domestic household savings in capital markets in next five years

(Rajiv Deep Bajaj is the Vice Chairman and Managing Director of Bajaj Capital Ltd. The views expressed in this column are his own and do not represent those of Thomson Reuters)

Currency of different denominations are seen in this picture illustration taken in Mumbai April 30, 2012. REUTERS/Vivek Prakash/FilesIndia is an attractive investment destination for foreign institutional investors, due to its vibrant economy, favourable demographics, high growth potential and well diversified capital markets. In fact, the benchmark Nifty has representation from 10 broad sectors, four with weightage in double digits.

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