New Delhi bureaucrats, accustomed to leisurely lunches, golf in the afternoon and long weekends, have been shaken out of their somnolence, say authors. Fear and suspicion hang heavy over the red-sands.
Prime Minister Narendra Modi's three-day visit to Britain has seen India and the UK agreeing on Rs 90,000 crore deals.
Harassment, corruption and the burden of compound interest for years are also the reasons.
Some developers point out that what comes in the way of low-cost housing is the sky-high price of land
The debate over Prime Minister Modi's nixed Congressional address continues. Aziz Haniffa has the scoop
Indian economy about to take-off
The approval was announced by Environment Minister Greg Hunt, who said "after undertaking a thorough assessment and consideration under national environment law, I have approved the Carmichael Coal Mine and Rail Infrastructure project, subject to 36 strict conditions".
'I kept begging the doctors to put my three year old on the ventilator. But the doctors and nurses kept saying no ventilator was available. When the breathing apparatus ultimately became available, it was too late.'
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The catalyst is the run on emerging market equities, but many investors are just tired of waiting for India to get its act together.
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.
Investors cheered a sharp decline in the Current Account Deficit, which stands at a 4 year low as exports picked up and gold imports reduced.
New Delhi and Beijing are the only two regional capitals that have commented on US President Donald Trump's speech on August 21 outlining the way forward in Afghanistan. The Indian foreign ministry statement was effusive in praise, while the Chinese statement has been one of cautious and guarded hope. Delhi has identified itself with Trump's Afghan strategy, whereas the Chinese stance is calibrated -- observant and objective, keeping a distance, says Ambassador M K Bhadrakumar.
Transport Minister Nitin Gadkari puts them out of the ambit of Motor Vehicles Act; experts say some regulation, licensing and driver training will be necessary
The calculated playing up of confidence by Amit Shah and his team obviously means that the BJP has a strong counter-strategy in place to turn the tables on the Congress before the monsoon session is over, reports Sheela Bhatt/Rediff.com.
Raamdeo Agrawal says, an investor should figure out if the company actually makes money or not, making an investment comes later.
The corporate sector does not care from where the money is coming.
'It is important to note that American officials were trying their best to use the Taliban for their oil games till December 1997 when Mullah Ghous was invited to America. State Department officials did not show any interest in capturing or killing Osama bin Laden even at that time.'
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Pundits in Pakistan and also some western diplomats are predicting that the next army chief will be forced, partly by institutional pressure and partly by circumstances, to indulge in some tough talking with the civilian leadership. How the civil-military equation settles in this sort of a situation is something that will determine the future of Pakistani politics, and also Pakistan's relations with rest of the world, says Sushant Sareen.
Deepak Parekh, chairman of Housing Development Finance Corporation (HDFC), India's largest mortgage lender, says the exuberance in industry about the new government is justified but big ideas articulated by the prime minister need speedy implementation.
Sanjay Mathur, managing director and head of economics research for Asia Pacific (ex-Japan), Royal Bank of Scotland, tells Business Standard that in the emerging market pack, India needs to learn lessons from Korea and Taiwan, which have managed their economic situations well.
'It was only relatively recently that Subhash Kapoor was able to secure the sources in India, Afghanistan and Cambodia, that allowed him to get the really highest level objects, and that helped propel him in recent years up the ranks.'
Eminent business journalist and author Tamal Bandyopadhyay discussed Budget with rediff.com readers on Tuesday.
After weighing all the costs and benefits, the next administration is likely to reduce and restructure assistance to Pakistan but not to end it altogether, says Daniel S Markey.
More than a year after he was nominated by President Barack Obama, the US Senate, defying the powerful pro-gun lobby National Rifle Association, voted to confirm Dr Vivek Hellegere Murthy as the first Indian American US Surgeon General and the youngest ever at age 37, in a cliff-hanger of a 51-43 vote.
'Think about this: A widow of a jawan is drawing only Rs 3,500. If OROP is implemented, she will get additional Rs 1,500. These poor girls are young and have no source of income; they are trying their best to just make ends meet. It is the pain of these situations that has driven me to this.' 'We don't want to put pressure on the government -- that's not our intention. We have full faith in our prime minister. We are asking for a meeting with him, and when we get that, we are sure he will not only give us what we are asking for, but 10 per cent extra.' Major General Satbir Singh, who headed the OROP agitation at Jantar Mantar, speaks out.
Mohandas Pai took part in an hour-long chat on rediff.com
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