US Federal Reserve Chairman Kevin Warsh has picked former RBI governor Raghuram Rajan, Harvard University economics Professor Raj Chetty and Microsoft XBOX CEO Asha Sharma to be part of task forces constituted to examine the central bank's approach to monetary policy and propose transformational changes.
The cost of the war is being counted not in the corridors of power in Washington or Tehran, but in Firozabad's darkened furnace rooms, Howrah's idle casting sheds, and a barbershop in Kochi where the wait is suddenly, inexplicably, an hour long, notes Prem Panicker in his must read blog on the Iran War.
The 'rescue' operation occurred within kilometres of Iran's underground tunnel complex at Isfahan, assessed by the IAEA and US intelligence as holding a substantial portion of the country's 60 per cent enriched uranium stockpile. Retired senior US military officers have highlighted that the mission's footprint -- hundreds of special operators, multiple heavy-lift aircraft deep inside Iran -- appears outsized for recovering a single airman. Prem Panicker continues his must read blog on the Iran War.
The US dollar has risen about 15 per cent since mid-2015.
Fed seen holding rates steady as investor confidence shakes
'It's important for India to think about areas where it wants the US to move.' 'We can be far more innovative in what we ask the US.' 'Given that there's a package deal, why not do it?'
Temperatures dipped as low as -19 degree Fahrenheit (-28 degree Celsisus) -- breaking the city's previous cold weather record for that day set in 1966.
With 7 per cent economic growth, India is not creating enough jobs as reflected by the number of applicants for vacant posts in some states, Reserve Bank's former governor Raghuram Rajan said and suggested the government needs to focus on promoting labour-intensive industries to generate employment. Rajan further said some Indians, especially those at upper level, are comfortable and have high incomes, but consumption growth from the lower half of the country has still not recovered to pre-pandemic level.
Some investors had speculated that the US central bank might put its plans on hold given the jitters overseas.
Sargun's backless story... Shweta fancies books... Shefali chills in Goa...
Spending at restaurants and bars grew more than 8 per cent compared to the year before.
Chanting slogans of "Modi Modi" and India-US friendship, Indian Americans walked in a procession for over an hour towards the historic Lincoln Memorial where the participants busted into an impromptu dance.
The dinner Jill Biden and her husband US President Joe Biden hosted for Indian prime minister Narendra Modi, June 22, at the White House brought together, Indians and Americans from so many firmaments.
When asked if he sees himself back in Chicago, he said, "Yeah, Chicago has been kind to me over my history".
We have not suffered such huge price shocks across so many basic commodities, at the same time, in decades. Has the inflationary impact of all this been factored into stock prices as yet, asks Debashis Basu.
Terror outfit Al Qaeda in the Arabian Peninsula, which claimed responsibility for the failed attempts to send two parcel bombs to Chicago by courier planes of the FedExpress and the UPS on October 29, has come out with a detailed account of its operation code named Operation Haemorrhage in its online magazine titled Inspire.
The speed at which he led the central bank in different areas -- ranging from internal reorganisation to inflation fighting, stabilising the currency, taking on rogue corporations, cleaning up bank balance sheets, and opening the sector -- makes one believe that Rajan knew he had only three years to do his job. A fascinating excerpt from Tamal Bandyopadhyay's MUST-READ Roller Coaster: An Affair with Banking.
'The 'Off-with-Rajan's-head' brigade bases its arguments on mistaken beliefs, erroneous causalities, and even downright prejudice.'
NFL players, owners defy Trump on anthem protests as feud ramps up
Here is your weekly digest of the odd moments from around the world
Mr Swamy has written letters to the Prime Minister's Office asking for Mr Rajan's services to be terminated.
'India and Indian Americans cannot rely on wishful thinking about the checks and balances in the US system to magically take care of the many dangerous things that Trump could do,' says Chicago-based writer Ram Kelkar.
Chanda Kochhar is among the three Indians in Time's Most Influential list.
They believe that long-term story is intact.
