Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
High savings, aggressive asset allocation and a frugal lifestyle can help you hang up your boots a decade early.
BJP President Amit Shah -- arguably the second most powerful politician in the nation -- granted a rare television interview to the Network 18 group of news channels. Rediff.com's Rajesh Alva checks out what the BJP boss said in this word cloud assessment of the interview.
Besides a great idea, it takes pluck, and some luck, to get going.
"The poor will not suffer disproportionately due to bouts of sharp inflation, and the middle class will not see its savings eroded," Raghuram Rajan said.
Over Dosas in Mumbai, Oscar winner Megan Mylan tells Vaihayasi Pande Daniel why she chose India and girls empowerment as the subject of her new documentary.
'When it came to S D Burman, a Guide song was completely different from a Tere Mere Sapne song which was completely different from a Sharmilee song. Except for their quality, there is nothing to link them together.' 'Lata was his ultimate voice. He felt there was nobody like Lata. "Give me a harmonium, give me Lata and I will make music," he said.'
In his penultimate State of the Union address, Barack Obama said that the economy is improving.
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