The Great Debate (India)
from For the Record:
The first entry is abattoir (not abbatoir); the last is ZULU (a term used by Western military forces to mean GMT).
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The music world, the Jackson family and thousands of fans bade farewell to Michael Jackson at a public memorial on Tuesday.
“The more I think about Michael, and talk about Michael, the more I think that ‘King of Pop’ is not good enough,” said Motown Records founder Berry Gordy, who signed The Jackson 5 in 1968.
Mukherjee’s budget announcements include provisions that will see an increase in the take-home component of an individual’s salary.
from The Great Debate UK:
Reports that China has asked for a discussion about reserve currencies at next week's expanded Group of Eight summit in Italy has added to confusion about whether the country wants to dethrone the dollar from its status as the world's sole reserve currency. But the very fact the issue has been pushed onto the agenda suggests that a fundamental shift is underway.
Given the U.S. government's enormous borrowing requirements over the next decade to cover the bank bailout, fiscal stimulus and deficits in Social Security and Medicare, the dollar's reserve status depends on emerging markets' continued willingness to accumulate U.S. liabilities rather than switching to other stores of value, such as the euro or the IMF's Special Drawing Right (SDR).
Mamata Banerjee’s railway budget for 2009-10 appeals to the common man. She has introduced cheaper tickets for the poor and kept passenger and freight tariffs unchanged, bringing cheer to the millions who use the world’s largest rail network daily.
By iTrust Financial Advisors (www.iTrust.in)
When it comes to our personal finances, the annual budget is not really worth that much attention. Every year expectations build up that major tectonic shifts will happen that will impact our personal finances.
This year is no different. In fact, the expectations are even higher given the outcome in the general elections. The usual items populate the wish list of changes that are being talked about by pundits.
The Delhi High Court’s ruling that homosexual sex among consenting adults is not a crime is expected to boost an increasingly vocal pro-gay lobby in India that says a British-era law banning gay sex is a violation of human rights.
The current law bans “sex against the order of nature”, and is widely interpreted to mean homosexual sex in India.
India’s Silicon Valley is saying goodbye to Nandan Nilekani, the engineer-entrepreneur who co-founded Infosys Technologies and helped put India on the global IT map.
A statement from the country’s No. 2 software exporter on Thursday said Nilekani has been invited by the prime minister to head the government agency Unique Identification Authority of India in the rank of a cabinet minister.
If Pakistan’s battle against the Taliban seems difficult, a much tougher challenge lies ahead: deciding what to do about the Lashkar-e-Taiba militant group it once nurtured to fight India in Kashmir.
For security analysts, the two questions are whether the army and ISI can close down the LeT, and if they want to do so — the assumption being that this would have to be done by the country’s powerful military rather than the civilian government.
The task before the finance minister is tricky as the Congress-led government gears up to present the annual budget for 2009-10 on July 6.
Reuters India asks its readers to don the FM’s cap and tell us what shape they would give to the budget to keep a country of over 1 billion people happy.