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By Nantoo Banerjee Defence Minister A K Antony has every reason to be angry with the agents of foreign arms manufacturers, especially after the recent admission of hundreds of millions of dollars in bribes paid to countries across the globe, including the USA, by the UK’s BAE Systems alone,...
By Anjan Roy The BRICS summit in New Delhi may be said to have set a milestone in its ambition. It has called for setting up a south-south development bank; it called for making the BRICS nations currencies more effective mediums of exchange for international trade; and, the group...
By Garga Chatterjee There are many in post-partition India who did not accept partition. However, there are various strains within this non-acceptance. One strain has to do with the idea that religious sectarianism cannot be a basis of uniting or dividing peoples and culture into nation-states. To them, those...
MUMBAI (Reuters) – The Reserve Bank of India is expected to cut interest rates for the first time in three years on Tuesday, but investors will be pleased only if there is an accompanying cut in banks’ reserve requirements and a dialing-down of policymakers’ hawkish tone. In a Reuters...
NEW DELHI(Reuters) – India’s industrial production grew at a slower-than-expected pace in February, weighed down by a contraction in output of consumer durable goods, reinforcing expectations the Reserve Bank of India (RBI) will cut interest rates next week to revive demand. While the expansion in output at 4.1 percent...
MUMBAI(Reuters) – Indian shares rose on Thursday as lenders such as ICICI advanced on expectations the central bank will cut interest rates next week after industrial output data was much weaker than expected. India’s industrial production grew at a slower-than-expected 4.1 percent pace in February from a year earlier,...
By Kalyani Shankar The recent Kozhikode CPI(M) Party Congress was an important event as it was taking place after four years during which time the party has faced many ups and downs. It has lost West Bengal and Kerala and has seen its worst political defeat in the 2009...
By Nora Chopra Sheila Dikshit is the new Brahmin face of the Congress. Though a Punjabi Khatri, she is married into an illustrious Brahmin family of the Congress in Uttar Pradesh. Uma Shankar Dikshit, her father-in-law, was a well-known Congress Kanyakubj Brahmin leader from Kannauj in central Uttar Pradesh....
NEW DELHI: Reliance Industries will be able to raise gas production from the D6 block with the help of additional drilling and appropriate technology but current gas prices are too low to justify more investment, a report from Bernstein Research said. “We expect gas prices to double over the...
CHENNAI/HYDERABAD: Bhagyanagar Gas Limited (BGL), which is developing CNG and city gas distribution network for Hyderabad and Vijayawada, is expecting tariff order from the Petroleum and Natural Gas Regulatory Board (PNGRB) soon. “We expect the tariff order to come shortly as the PNGRB had kickstarted the process of fixing...