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from India Insight:

Car wraps lend colour to India’s drab auto business

Rohit Gulati always wanted to buy a car that would have enough space for all eight members of his family. But with his limited savings, he didn’t see that happening for some years.

In August, the 34-year-old Café Coffee Day supply chain executive, spotted a newspaper advertisement about a new car financing program. Four months later, Gulati was ferrying his family across New Delhi in a new Maruti Eeco.

EMI Free Car, the financing firm that helped Gulati, builds on the get-paid-to-drive concept in which owners are paid money to put up advertisements on their cars.

The company puts up vinyl ads on the exterior of a new car and makes 36 monthly payments (called equated monthly instalments or EMIs) on a five-year bank loan on behalf of the car’s buyer. In return, the owner has to drive the car for a distance of at least 1,500 kilometres each month.

from Expert Zone:

India’s disrupted democracy

(This piece comes from Project Syndicate. The opinions expressed are the author’s own)

India's 15th Lok Sabha (the lower house of Parliament) passed into history ignominiously this month, following the least productive five years of any Indian parliament in six decades of functioning democracy. With entire sessions lost to opposition disruptions, and with frequent adjournments depriving legislators of time for deliberation, the MPs elected in May 2009 passed fewer bills and spent fewer hours in debate than any of their predecessors.

from The Human Impact:

Ending the beatings, rapes, murders: Where are India’s men?

Violence against women is widespread across the world. Globally, 35 percent of women have been beaten by an ‘intimate partner’ or suffered sexual violence at the hands of a non-partner in their lifetime, the World Health Organisation says.

The same research suggests that almost one third of women who have been in a relationship have experienced physical or sexual violence at the hands of their partner, and that some 38 percent of all murders of women are committed by their husband or boyfriend.

from The Human Impact:

Using rape as an excuse for moral policing in India

The conversation has changed in India since that horrific night in December 2012 when a young woman returning home after watching a movie at the cinema was gang raped on a moving bus and left to die on the streets of the Indian capital.

The crime - which triggered outrage amongst urban Indians who took to the streets to protest - acted as a turning point, forcing many in India to face up to the widespread violence inflicted on women and girls in this largely patriarchal nation.

from India Insight:

Markets this week: BHEL, TCS top Sensex losers

By Sankalp Phartiyal and Ankush Arora

The BSE Sensex ended down 0.7 percent in what was a slow week for Indian shares. The week began with the benchmark index sliding 1.5 percent on Monday as foreign institutional investors (FIIs) continued to sell as part of a slump in emerging markets.

Investor sentiment remained subdued despite a survey on Monday showing that Indian factories started 2014 on a high note, with manufacturing activity growing at its fastest pace in nearly a year as domestic and overseas orders increased.

from Expert Zone:

Interest rates likely to remain high

(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)

The Reserve Bank of India (RBI) raised its benchmark repo rate by 25 basis points to 8 percent at its policy review meet in January. The reverse repo rate rose to 7 percent while the bank rate and marginal standing facility rate climbed to 9 percent. This is the third hike in repo rate since RBI Governor Raghuram Rajan assumed office in early September.

from Global Investing:

It’s not end of the world at the Fragile Five

Despite all the doom and gloom surrounding capital-hungry Fragile Five countries, real money managers have not abandoned the ship at all.

Aberdeen Asset Management has overweight equity positions in Indonesia, India, Turkey and Brazil -- that's already 4 of the five countries that have come under market pressure because of their funding deficits.  The fund is also positive on Thailand and the Philippines.

from Alison Frankel:

State and Justice agree: No retroactive immunity for Indian diplomat

Remember the diplomatic crisis with India that followed the arrest last December of a deputy consul general named Devyani Khobragade? Khobragade, who worked at the Indian consulate in Manhattan, was picked up by the Diplomatic Security Services for allegedly committing visa fraud to get her nanny into the United States. Indian officials were outraged when Khobragade said she'd been strip-searched, even though the U.S. Marshals later said that she was not subjected to an internal cavity search. The crisis took a peculiar turn when Manhattan U.S. Attorney Preet Bharara - whom the Indian government criticized for abusing his prosecutorial discretion - put out a statement defending Khobragade's arrest and processing. Among Bharara's points in the Dec. 18 announcement: State Department agents had arrested the deputy consul, not prosecutors from his office.

The State Department, meanwhile, was re-evaluating Khobragade's diplomatic status after the Indian government, following her arrest, appointed her to India's permanent mission at the United Nations. Khobragade's lawyer, Daniel Arshack of Arshack, Hajek & Lehrman, told Reuters at the time that Khobragade's new post entitled her to retroactive diplomatic immunity for her supposed crimes. With the State Department issuing vaguely worded statements of regret about Khobragade's treatment, I wondered if State might make the whole mess quietly disappear by granting the Indian diplomat immunity. That action would leave U.S. Attorney Bharara and the Justice Department stranded, but would quell foreign allies in India.

from India Insight:

South Indian masala remakes no longer a sureshot Bollywood hit

Once considered a permanent fixture on the yearly slate of most production houses, the masala film, a hodgepodge of romance, action and comedy that revolves around a flawless hero, is slowly losing its sheen among Bollywood audiences.

Box-office figures for such films during the last six months suggest that they have missed expectations. This includes the returns on Salman Khan’s latest release “Jai Ho”, a film that has earned the star -- credited with the return of these films -- his lowest opening in cinemas yet.

from India Insight:

Organised players, growing acceptance boost India’s used car market

One would expect the former head of India’s No. 1 car maker to drive a glitzy new SUV or an imported luxury car, but Jagdish Khattar thinks differently. The industry veteran who spent 14 years at Maruti Suzuki now buys only second-hand cars and drives a used Volkswagen Passat.

"Rich people buy new cars, intelligent people buy second-hand cars," said Khattar, the founder of Carnation Auto, a service and used-cars company he started in 2008 after leaving Maruti. The used car market, he said, is the future of automobiles.

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