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Pitroda announces launch of Rs 5000 cr-innovation fund

Jun 16, 2013

National Innovation Council Chairman Sam Pitroda today said a Rs 5,000 crore fund to support innovations would be launched soon. #NewsTracker #Sam Pitroda #India Innovation Fund #Innovation fund
Fake chit funds, ponzi schemes up SBI deposits by 60%: Chaudhuri

Jun 13, 2013

The bank had posted a 14.9 percent rise in deposits in FY13, with the last two quarters witnessing headwinds. #Pratip Chaudhuri #SBI #Ponzi Schemes #ThaySaidIt #Chit funds
Big take-home salaries for expats may become a thing of past

Jun 13, 2013

If this circular gets the law ministry approval, and all your allowances are taken into account for calculations, it would mean a lower take home salary. #Salary #Personal finance #provident fund
Chit fund scandal: Are Odisha cops allowing netas to go scot free?

Jun 11, 2013

Those who have been questioned by the cops include builders, real estate developers and a few media entrepreneurs, but not a single politician. #Politics #ThatsJustWrong #Investing #Naveen Patnaik #Odisha #Chit Fund #Artha Tatwa (AT) Group #Green Ray International Limited #Mir Sahiruddin
Rupee hits 57.76: With FIIs pulling out, FM to woo sovereign funds now

Jun 10, 2013

The finance ministry, the RBI and market regulators on Monday discussed loosening rules for investment by foreign sovereign wealth funds in response to a sharply falling rupee and a wide current account deficit that are hurting the economy. #Debt #Rupee #Chidambaram #FII #CurrencyWatch #Foreign wealth funds
Mutual funds bring in over Rs 1 lakh crore investments in April alone: Sebi

Jun 09, 2013

Investors pumped in more than Rs 1 lakh crore in various mutual fund schemes during April, the highest in two years. #HowThisWorks #Economy #India #SEBI #Mutual Funds #Money #investments
Saradha chit fund scam: PILs seek CBI probe

Jun 05, 2013

A CBI probe into the multi-crore chit fund scam was prayed for before the Calcutta High Court today in a set of PILs claiming that more than Rs 30,000 crore have been swindled from unsuspecting investors in several states. #Calcutta High Court #CBI probe #Saradha Chit fund scam
Need to review chit fund, ponzi scheme norms: Subbarao

Jun 05, 2013

More than improving the statutes, Subbarao said there was a need to increase monitoring and surveillance so as to have a check on such entities. #RBI #D. Subbarao #Ponzi scheme #PolicyWatch #Chit Fund
West Bengal will soon get Centre opinion on chit fund bill: Chidu

Jun 04, 2013

"The Ministry of Finance has given its comments to the Ministry of Home Affairs (MHA). I think they (MHA) are awaiting comments from one or two other ministries, perhaps the Ministry of Company Affairs," Chidambaram said. #P. Chidambaram #NewsTracker #West Bengal #Chit fund scam #Chit Fund bill
The reason for Japan's new found love for India is China

May 30, 2013

Japan's hand of friendship to India may be the result of it wanting to ensure that it isn't isolated against China. #World #HowThisWorks #India #China #Japan #Defence #South China Sea #Funding

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Editor's picks

Fear of the unknown grips the BJP in Bihar

Although the party is maintaining a brave face, the eventuality of a split has left many leaders on tenterhooks.
In Mamata's Bengal: Zero tolerance for rape or protesting against rape?

Bengal tops the list in violence against women. There have been several reports of gang rape in the past few weeks. The Mamata government has taken quick and stern action – against the women protesting the rapes in front of the CM’s residence.
Food security: For poor’s sake, jholawalas must speak up

The subsidy to the rich accounts for more than 7 percent of the GDP while that for the poor, with the food security act, would account for 1.1 percent.
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Many patients who were administered blood from the same blood bank fear the worst.

Why a BJP-JD(U) split will be good for India

Neither UPA nor NDA is an alliance. And the BJP and JD(U) were mere power-sharers, not allies. To grow, alliances have to be built around principles not just power-sharing
Chidu takes comfort in Fitch upgrade, but where are real reforms?

At a press conference, Finance Minister P Chidambaram, however, did not reveal any concrete steps but promised more reforms by August. He said the rupee’s decline is in line with that of the currencies of other countries with high current account deficit like India.
Why cutting interest rates will have little impact on industrial production

The index of industrial production (IIP), a measure of the industrial activity in the country, grew by a meagre 2% in April 2013, in comparison to the same period during 2012. The index was expected to grow by around 2.4% (source: India: Weak growth and sticky retail inflation. Sonal Varma and Aman Mohunta, Nomura). In [...]
Why 'Sir' Ravindra Jadeja is a people's genius

If one was simply to go by numbers, young and jolly Jadeja is on course to be a great. That’s not overrating him — it’s the simple logic of statistics one cannot argue against.

The Aurangzeb factor: 5 lessons from Modi-Advani tussle

Political parties need to have a process for electing leaders. This problem relates more to cadre-based parties such as BJP and CPM.
Why 55-60 to the dollar may be the new normal for rupee

A drop in the US dollar index does not seem to help the rupee; this shows that the Indian currency seems to be marching to its own gloomy beat.
Critics split on Apple iOS 7: Hideous, unoriginal or a thing of pure beauty?

The new design has sparked debates over whether Apple stole the design from Android or Windows 8 or just created an unholy union of the two. We take a look at what the critics are saying:
Is Putin the Salman Khan of international politics?

Is Vladimir Putin the Salman Khan of world politics? Our new columnist, stand-up comedian Gursimran Khamba pontificates.

Advani wins: No free hand for Narendra Modi just yet

What was the senior leader’s specific problem? Well, one is the indecent hurry in which Modi’s is being shoved down the throats of other leaders in the party.
Obama's second innings? As a junior engineer in govt service in India

Is Barack Obama about to sit for an exam for a junior level engineer in India? A man in Rajasthan says he’s got an admit card with Obama’s picture on it from the Staff Selection Commission. Actually on second thought that might not be such a bad second career for the President.
How US industries are trying to use 'treaties' to arm twist India

US companies are blatantly violating international agreements or purely lying, when they accuse India of using TRIPS flexibilities. Americans have spoken the same language against other countries such as Brazil and Thailand, but failed.

We are all fekus: Modi, Advani, Sonia and ambivalence to power

Indians have an ambivalent attitude to power, and this is apparent in our discomfort with Modi’s growing power
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USD at Rs 60? Why govt should let the rupee fall

The government would be making a serious mistake by either artificially inflating capital inflows or intervening in the markets to prop the rupee
All you need to know about Rafael Nadal

Rafael Nadal won an unprecedented 8th French Open title. A quick look at some of his important achievements.

The real reason behind Congress' decimation in Gujarat bypolls

The six seats, two for the Lok Sabha and four for the state assembly, now with the Bharatiya Janata Party, were all earlier held by the Congress.
From Larry Page to Mark Zuckerberg: Who said what on PRISM leaks?

Most of the companies named have denied involvement in any such US government program. Here’s a quick look at what these companies and their top executives had to say in the response to the charges.
Narendra Modi's future is bright, but it won't be without obstacles

Beneath the hype and euphoria around Modi’s elevation is the stark reality that the party’s organizational health is bad.
For Kidambi Srikanth, Gopichand's nudge was a big chance

On Sunday, the 20-year-old justified the faith shown in him by Gopichand by becoming only the second Indian men’s singles player to win a Grand Prix Gold title with a straight games upset of world number seven Boonsak Ponsana.