The Great Debate (India)

A new symbol for the rupee?

The Indian rupee will soon get its own unique symbol, joining the dollar, pound sterling, euro and the yen as international currencies with an identity that is instantly recognizable worldwide.

Five designs had been shortlisted by the government following an all-India contest and media reports suggest the Cabinet will choose the winning entry (from the following five) this week.

New rupee symbol?Which is your favourite design for the rupee symbol? Does the use of such a symbol reflect India’s growing importance in the global economy? Share your views.

Has the fuel price hike hurt your budget?

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Motorists wait at a petrol pump to fill petrol in Lucknow June 7, 2010. REUTERS/Pawan KumarThe government has freed up state-subsidised petrol prices and also hiked the prices of diesel, cooking gas and kerosene.

Petrol prices would be market driven and have been raised by 3.50 rupees per litre, while kerosene prices were hiked by 3 rupees a litre. Diesel prices saw an addition of 2 rupees per litre and will be freed up in the future. Cooking gas prices were raised by 35 rupees a cylinder.

from The Great Debate UK:

Pranab Bardhan on the economic rise of China and India

In its May economic outlook, the Organisation of Economic Cooperation and Development projected upward growth outlooks for BRIC countries Brazil, Russia, India and China -- the world's four largest emerging economies.

Strong growth in those economies is helping to pull other countries out of recession, the OECD said. The Paris-based organisation projects that China’s GDP growth will exceed 11 percent for 2010, and anticipates that India's real GDP growth will be 8.3 percent. Russia's GDP growth is expected to be 5.5 percent, and Brazil's is projected at 6.5 percent. By comparison, the OECD projects that the Euro area will see 1.5 percent real GDP growth, while the UK will see a 2.2 percent growth.

How to tackle the Maoists?

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A rescue worker stands next to a body of a passenger at the site of the train accident at Jhargram area in West Bengal May 28, 2010. REUTERS/Parth SanyalPolice are searching for Maoist rebels believed responsible for the May 28 crash involving the Gyaneshwari Express in which scores of passengers were killed.

Prime Minister Manmohan Singh has described the Maoist insurgency as India’s biggest internal security challenge.

from The Great Debate UK:

New gateway for British business opens in Asia

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Ash Verma- Ash Verma is Chairman, Gateway Business Consultants Limited and Founder of Gateway Asia. The opinions expressed are his own. -

London has long had a reputation as a city where entrepreneurs from Asia have come to seek their fortune.  From its early 19th century roots when Sake Dean Mahomed opened up Britain’s first Indian restaurant and introduced the city to shampoo, London’s Indian diaspora has now grown into one of the largest communities outside the country. The Chinese community in London, too, is Europe’s oldest and largest.

Maoist killings in Dantewada call for multi-pronged response

The well-planned  ambush and deliberate killing of  more than 70 security personnel by Maoist cadres on April 6 in the Dantewada district of Chhattisgarh has caused enormous anger and anguish all over India.

INDIA-MAOIST/The phrase 6/4 is being added to the blood-splattered internal security lexicon of India that is still coping with 26/11 – the equally pre-meditated and cold-blooded Mumbai attacks of November 2008.

from The Great Debate UK:

Kiran Bedi on being India’s first woman police officer

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INDIAOne of India's most recognised faces, Kiran Bedi is India's first woman police officer and has a larger-than-life image in a country where police are mostly perceived as inefficient or corrupt or both.

She was an Asian and national tennis champion before she made it to the Indian

Police Service in 1972. Bedi has worked in traffic and narcotics control, prison management and has also been an adviser for United Nations peacekeeping operations.

from The Great Debate UK:

Second time lucky for Biocon’s Kiran Mazumdar-Shaw

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kiranSetting up Biocon, Asia's largest biotechnology firm, was not a straightforward task for the woman who is now India's wealthiest businesswoman.

Kiran Mazumdar-Shaw chose the biotechnology sector as a fallback position after she realised at the age of 25 that India was not ready to accept a woman master brewer.

What would you have done differently if you were FM?

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Pranab MukherjeeThe government raised personal income tax slabs for 2010/11, which could result in a net tax saving of 20,000 to 50,000 rupees for those earnings above 300,000 rupees.

Fuel prices — Petrol (by 2.71 rupees) per litre and diesel ( 2.55 rupees a litre) — would be raised from Friday midnight.Are you happy with Budget 2010/11?

from The Great Debate UK:

Vikas Pota on ten business icons in India

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VikasAmid jitters about uncertainty in the financial markets over the past 16 months, many investors have continued to look toward the BRIC countries -- Brazil, Russia, India and China, which by 2050 are expected to be wealthier than most current major economic powers.

In all four countries, GDP has more than doubled since 1998, and in China and India it has trebled.

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