The Reserve Bank of India is facing a fork in the road for the first time since Governor Raghuram Rajan took office amid much fanfare and started targeting inflation as the central bank's primary mandate.
India has cut this year’s monsoon forecast to 88 percent of the long-term average, prompted by the El Nino climate phenomenon and raising fears of the country’s first drought in six years. This makes India’s agriculture sector vulnerable with nearly half of farmland lacking irrigation.
Advet Bhambhani, the chief executive of Dubai-based ABV Group plans to open luxury hospitals that would resemble hotels, offer personalised care and transport patients from place to place in Rolls Royce cars. He said he wants to redefine health care for India’s rich and medical tourists, and has nearly $80 million in investments to pull it off.
(Any opinions expressed here are those of the author and not of Thomson Reuters)
Director Aanand L Rai seems to believe in the adage “Well begun is half done.” With both “Tanu Weds Manu” (2011) and its sequel, Rai starts with a great idea, some sparkling dialogue and interesting characters. But what you get in “Tanu Weds Manu Returns” is the cinematic equivalent of a car wreck.
Narendra Modi faces growing resistance from political friends and foes over some of his federal spending cuts as he nears his one-year anniversary as India’s prime minister. The government recently cut funding for programmes such as drinking water and welfare for women and children, saying that states can make better decisions on what to spend in their own backyards.