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.
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.
Bangalore houses what might be an outsize share of India’s metal heads, so it’s appropriate that this was the city that thrash metal band Slayer picked for their first show in India. The band played in one of the city’s outlying suburbs, and drew a crowd from all over, including Vietnam, as they played a set list that stretched back through albums such as “Reign in Blood,” to “Show No Mercy,” their debut album from 1983.
I don’t know if the smartphone-toting Indian of the shopping malls still frequents festival melas. As for me, I can’t help but feel drawn to these vibrant mass gatherings during festivals.
Here’s a story that I found in the Times of India today: a man sold his wife to a broker for Rs. 6,000 (about US$114). This was the money that he needed to keep himself in liquor, the Times reported.