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Govt says 'nothing to worry' despite S&P's threat to downgrade India

May 17, 2013

While retaining India's sovereign rating at 'BBB-' with a negative outlook citing high fiscal and current account deficits, S&P said there is at least a one-in-three likelihood of a downgrade within the next 12 months. #WhoSaidWhat #Raghuram Rajan #Standard and Poor's #India rating
Rate-cut hopes lift markets by 500 pts, but is rally sustainable?

May 16, 2013

The BSE Sensex closed at 20215.30, up 2.50 percent marking its biggest single day percentage gain since June 2012. #Sensex #Investing #nifty #WPI #MarketClose #RBI rate cut
RBI happy with inflation, another rate cut soon?

May 15, 2013

Reserve Bank of India has said it would take into account falling inflation while deciding on policy initiative in its review next month #Inflation #RBI #TheySaidIt #Rate cut #CAD #Policy Review

Blog posts

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Rate cut probability low from here on, but India Inc wants more

May 03, 2013

Ball now in govt court to boost growth, experts say; India Inc wants more #India #RBI #Interest rates #PolicyWatch #ExpertView #India Inc #Rate cut
Hawkish RBI decides to loosen purse strings, but only this time

May 03, 2013

Enough indication that lengthy monetary easing unlikely; growth estimates cut sharply to 5.7%; CAD biggest risk #Economy #RBI #CRR #Repo rate #Subbarao #PolicyWatch #Rate cut
Will RBI's bite be as hard as its bark yesterday?

May 02, 2013

RBI points to high consumer price inflation and headline inflation remaining above threshold #Economy #RBI #CRR #PolicyWatch #Rate cut #Governor D Subbarao

Wire

The Seattle Times
Rates mixed at weekly US Treasury bill auction

2013-05-20 20:09:00

Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on three-month bills unchanged while rates on six-month bills rose to the highest level in five weeks. The Treasury Department auctioned $30 billion in three-month bill #United States Department of the Treasury #Federal Reserve
GulfToday.ae
Maersk may raise freight rates

2013-05-18 20:46:00

COPENHAGEN: A.P. Moller-Maersk (Maersk), owner of the world’s biggest container shipping company, is “100 per cent certain” it can more than double freight rates in July despite market weakness that has seen prices fall by a third since March. Shipping h #A.P. Moller-Maersk Group #Europe #Daewoo
Bay Ridge Journal
DeBlasio: City's Skrocketing Water Rates Stealth Taxation

2013-05-20 04:05:00

According to New York City Public Advocate and Democratic mayoral candidate Bill de Blasio, the city's latest 5.6% water rate hike is a stealth tax increase. Revenues from the city's water system are being diverted into the city's general budget, said de #Michael Bloomberg

Editor's picks

Not just niceties, China and India need to focus on thorny issues

India’s discourse with China has traditionally been trapped in the Mao-ist maze that defines how “friends” ought to conduct themselves. But Chinese statecraft has evolved, and India too must up its diplomatic game.
Why the Indian media gives a damn about poverty

In that sense the poverty line of India is cruel. It is merciless and doesn’t allow the majority of Indians any money for shelter or access to education or healthcare or sanitation or anything else that civilised nations would consider as essential as food.
Goa meet: Will the BJP finally find a way out of its troubles?

Can the party resolve internal discord and take a call on Modi’s PM candidature?
Why Dhoni, Tendulkar can't distance themselves from spot fixing

Try following a game on twitter or with friends or at the ground. At every step of the way, the spot-fixing question raises itself.

Movie Review: 'The Reluctant Fundamentalist' leaves you dissatisfied

If you forget the politics and just look at the film, The Reluctant Fundamentalist doesn’t fare much better. It’s a thriller that lacks tension and suspense.
Here's how the Delhi Police stumbled upon spot-fixing in IPL

After monitoring a phone call, the investigation had virtually turned pan-India with some of the bookies based in Gujarat and Mumbai.
Ex-Citi CEO Vikram Pandit, JM Financial join hands for banking foray in India

JM Financial will nominate Pandit as the non-executive chairman of the proposed bank. Pandit and Aiyar will have the right to purchase shares up to the amount prescribed by the RBI in this entity.
Movie Review: The Great Gatsby is the most Bollywood of Baz Luhrmann's films

The great American dream is an integral part of America. It’s ‘great’ in that it symbolises not truth, but hope when the truth is disillusioning; it symbolises not facts, but ideals when facts are unnerving; it symbolises not likelihood, but promise when likelihood is all but bleak.

Google I/O 2013 keynote: New Maps, Search, Plus, and S4 with 'pure' Android

We’re tracking the Google I/O conference 2013 live – what will be unveiled?
Hero worshipped in Kerala, Sreesanth still innocent in his state

The summary of the response in his Sreesanth’s home turf is that of incredulity. They are unwilling to believe that the pacer is guilty.
Why return of Dreamliners won't change Air India's fortunes

The original promise of the Dreamliner has failed to materiallise due to limitations in its flying range. Will Air India continue to pay a price for this?
Did Indira abolish bonded labour or Sonia? NREGA's tall claims

The UPA ads eulogising MGNREGA as a a huge success needs to be taken with bags of salt. The scheme did make a difference, but not as is claimed.

Angelina’s breast surgery possible in India, but there's a catch

So can we test in India and gain from the same treatment privilege that Jolie had? Yes, but there is a catch.
IPL 2013 KKR vs PWI Live: Yusuf kicks KKR out of the IPL

Live detailed updates as KKR take on Pune in a must-win game at Ranchi.
Wrong on Ghaziabad: The Kiran Bedi argument for moral policing

Bedi’s argument that we should focus on the legal wrong committed by the girl slapped by cops is technical, disingenuous and enabling.
Cloak but no dagger: The awfully mundane world of spies

There’s an endearing quality to reports that a CIA spy was arrested in Moscow: he comes across as a bumbling amateur who represents the lost Age of Innocence in the world of espionage.

From here on, Sonia-Manmohan dyarchy is a slow train wreck

The “two heads” power arrangement between Congress president Sonia Gandhi and Prime Minister Manmohan Singh is coming apart at the seams.
Lessons from Karnataka: Cong must stop backing corrupt leaders in Andhra

The fact that it has allowed individuals named in chargesheets to continue as ministers is evidence that the Congress runs Andhra Pradesh as if it is its fiefdom, without a care for ethics in public life.
IPL 2013: How Isa Guha is changing perceptions about cricket presenters

Isa Guha is not your usual female cricket presenter. Apart from being an ex-player, she’s highly educated and injects a breath of fresh air on Indian screens.
Android and Chrome aren't merging for now, says Google's Sundar Pichai

Pichai has emphasised that Google is embracing both Chrome and Android is investing in both at least for now.

Ashwani to be shifted, Bansal to be booted? PM will decide

The fate of the two ministers is reportedly in the hands of the Prime Minister who has been told to take a final call.
How the Sarabjit-Sanaullah episode diminishes India

The Sarabjit-Sanaullah episode shows that for all of India’s attempts to project itself as an emerging global power, with a footprint larger than just the South Asian peninsula, it is unable to break out of its hyphenated relationship with Pakistan.
Changing dynamics: Is low-cost flying becoming really high cost?

Consumers may have to pay a high price for both the lower price and increased choice.
Star Trek Into Darkness is a perfectly adequate popcorn film

Star Trek Into Darkness is a perfectly adequate summer blockbuster film. It is impeccably tailored to please both the Trekkies and the non-geeks, genre lovers as well as the average moviegoer.