When RBI Governor Duvvuri Subbarao had his tenure extended last year, a TV channel reported that 90 percent of bankers, economists and bond dealers in a poll felt the extension was good for the economy.
In June 2012, less than a year later, people were criticising him for defying widespread calls to cut interest rates, as stubborn inflation continued to bother him more than slowing growth .
The usually crisp and precise P. Chidambaram was uncharacteristically vague on Monday while announcing the government’s fiscal consolidation plan. While pledging to bring the fiscal deficit down to 3 percent in 2016-17 from around 5.3 this fiscal, the Harvard-educated minister gave no details on how the government would achieve this feat.
Perhaps the finance minister should remember that uncertainty and lack of clarity can spook markets and investors. We saw that when the government took months to clarify the controversial GAAR norms which made foreign investors jittery.
It was only a matter of time before activist Arvind Kejriwal and his anti-corruption movement got back some of what they gave.
After Kejriwal’s flurry of allegations of wrongdoing by politicians and accusing the entire political class of working together as a “family” in looting the country, the family is striking back.
When you’re in a khap, you can say whatever you want, but it has to be pretty outrageous to annoy people beyond the city limits. One idea that has cleared the bar? Lowering the minimum marriage age to prevent girls from being raped.
“Boys and girls should be married by the time they turn 16 years old, so that they do not stray …this will decrease the incidents of rape.”
A combative Prime Minister Manmohan Singh has said he would quit politics if charges of corruption in allocating coal blocks, levelled against him by Gandhian activist Anna Hazare’s anti-corruption team, are proved.
NEW DELHI (Reuters) – Indian designers are famous for their elaborate embroideries and rich textiles but have yet to come up with products to woo the world’s fashion hotspots in the West, says Manish Arora, the international face of India’s fashion industry.
Known for his colourful and psychedelic designs, Arora is the only Indian who is a regular at the Paris Fashion Week, and boasts of celebrity clients such as singers Lady Gaga, Katy Perry, Rihanna and Nicki Minaj.
NEW DELHI, May 8 (Reuters) – Indian designers are famous for
their elaborate embroideries and rich textiles but have yet to
come up with products to woo the world’s fashion hotspots in the
West, says Manish Arora, the international face of India’s
Known for his colourful and psychedelic designs, Arora is
the only Indian who is a regular at the Paris Fashion Week, and
boasts of celebrity clients such as singers Lady Gaga, Katy
Perry, Rihanna and Nicki Minaj.
The abductions of two Italians and two government officials by Maoist guerrillas in just over a month must have left Indian authorities with a sense of déjà vu as they search for ways to end the cycle of negotiations and eventual accession to demands made by the rebels.
For the Maoists, who say they are fighting for people left out of India’s economic boom, the tactic of taking hostages instead of engaging soldiers brings huge dividends — obtaining freedom for jailed comrades and suspension of military ‘combing’ operations in areas controlled by them.
A ‘beef-eating festival’ in most parts of Hindu-majority India was always going to be considered provocative.
Clashes and a stabbing sparked tension at Hyderabad’s Osmania University when a group of students demanded the inclusion of beef in the hostel menu.
When in church, wear what the preacher tells you. So says the Synod Executive Committee, a decision-making body of the largest church in the north-eastern Indian state of Mizoram.
All women attending places of worship should refrain from wearing see-through dresses, clothes that expose the breasts or are too tight-fitting — and trousers — according to a dress code prescribed for Presbyterian Church of India members. The guidelines also say men must wear clean shoes and respectable suits.