As the Indian rupee tumbled against the US dollar since the month of August, government swung into action by inking a currency-swap deal and boosting market confidence. India signed a currency-swap deal with Japan which enhanced swap facility from
According to a notification from insurance regulatory and development authority (IRDA), common services centre (CSC) in rural areas can now sell insurance products and services in both the categories, life and non life. On Wednesday, the
It’s not every day that Zubin Mehta manages a visa to get anywhere close to the stratosphere of my everyday business. Having been blessed with tone deaf ears, senseless sensibilities and a philistine attitude to life and strife, I could not
In 2008, Indian policy makers boasted that the global financial crisis would not affect the future growth in this country. In November the same year, the then finance minister P Chidambaram told an international business audience that “we wi
Pointing out that achieving financial inclusion is not a one-way traffic, Reserve Bank of India (RBI) deputy governor Dr KC Chakrabarty on Friday said that besides banks, other stakeholders need to pitch in to be able to effectively realise this g
Hyderabad was in the grip of severe tension on Friday evening amid fears of violence returning to the city during a controversial ‘Save Andhra Pradesh’ meeting scheduled to be held in the city on Saturday. The state capital has
It has been proved once again that India is a robust democracy where peoples` voices are respected. I would like to thank the parliamentarians, too, for listening to the people. I must say we need to continue with pressure. At the same tim
Despite the Andhra Pradesh High Court coming to its rescue, Ram Charan Teja’s Toofan was caught in the bifurcation storm on its release today. The screening of the Telugu version of Charan’s Bollywood debut Zanjeer was stalled in more
Following the Prime Minister setting a target of increasing domestic steelmaking capacity to 300 million tonnes (mt) by 2025, the steel authority of India (SAIL) has requested the Government to set up a dedicated institution to finance capacity ex
Young politicians like us who were born after independence look at freedom struggle in a different context. Men like Gandhi, Nehru and Patel are firmly placed in our consciousness as heroes who gave their lives for the country and our freedom. The
BHEL announced that its electronic division has procured an order of Rs 96 crore from NTPC to set up a 15 MW-solar power plant in Uttar Pradesh. According to a statement released by the company the engineering, procurement and construction
The wait just got prolonged for GAIL (India) when on Thursday the supreme court reserved its verdict on an appeal filed by the PSU. GAIL had challenged the Gujarat high court’s order that repealed its decision to terminate contract with the
With poor improvement in the global economic outlook and poorer one for the Indian economy, corporate houses have experienced moderation in growth, which halved to 9.1 percent in 2012-13. This is vis-a-vis 18.5 percent growth in sales in 2011-12 f
With poor improvement in the global economic outlook and poorer one for the Indian economy, corporate houses have experienced moderation in growth, which halved to 9.1 percent in 2012-13. This is vis-a-vis 18.5 percent growth in sales in 2011-12 f
Human life can be measured in terms of decades but the emergence of a new system, after demolishing the old system, should be measured in terms of centuries. As we get set to celebrate 66 years of India’s independence, the country is on the
It was three years before the sub-prime mortgage crisis of 2008, which took down with it the global economy, that Raghuram Rajan rung the first warning bells. Today, as the Indian economy continues to flounder, Rajan, who has been a popular choice
It may be a bit strange and rather curious coincidence. Jailed Gujarat police officer DG Vanzara discovered his ‘god’ Narendra Modi had feet of clay around the same time as godman Asaram Bapu fell from grace and was booked for a rather
A year after women’s representation in the Municipal Corporation of Greater Mumbai (MCGM) was increased from 33 to 50 percent, women have emerged as the top performing corporators in the civic body. A report by P
On August 30, prime minister Monmohan Singh did something he has rarely done in recent times. He put his point across uber-aggressively while ticking off the raucous opposition: “Have you heard of any country where MPs shout and walk to the
