Kolkata's creme de la creme turned up at the launch of Bandhan, The Making of a Bank, but the evening nevertheless had an informal touch typical of the young bank with CMD Chandra Shekhar Ghosh personally welcoming the dignitaries, reports Indrani Roy/Rediff.com.
The Indian economy was on an impressive growth path through the first decade of this century till it was brought to an abrupt halt by the policy inertia during UPA2 and the Modi government's inability to restore economic and financial momentum. Fascinating glimpses of what went wrong from Puja Mehra's must-read book The Lost Decade: How India's Growth Story Devolved Into Growth Without A Story.
There is lack of scientific basis in computing the poverty line, says govt.
'India alone cannot walk the path of peace. It also has to be Pakistan's journey to make,' says Prime Minister Narendra Modi at the government's geo-political flagship initiative "Raisina Dialogue-II".
Here's a round up of some information the nation learnt from Parliament on Tuesday.
Taking away free healthcare facilities, as recommended by the Aayog, would place a huge burden on the people, especially in rural areas, says Devanik Saha.
The greatest progress on civil rights in the United States since Abraham Lincoln was under the Southern Democrat Lyndon Johnson, the past master of wheeling and dealing in Congress.
'This survey, done on the basis of feedback from BJP-RSS workers at the booth level, has given Narendra Modi the confidence to start packing his bags in Gandhinagar. on Tuesday, he has done photo shoots with his colleagues and staff.' Sheela Bhatt/Rediff.com presents the Sangh Parivar's assessment of how many seats the BJP will win in this election.
Stock prices is due to valuation expansion
The bulk of of trading on stock markets is done algorithmically, by computerised clerks working at the behest of human traders.
What is required from government is intellectual framework.
Narendra Modi's success at the BRICS summit is the best Diwali gift for India's diplomacy and marks her ascendancy to global leadership, says Tarun Vijay.
In advanced economies where the financial system is more matured, the form of shadow banking is more of risk transformation through securitisation.
Currently, the travel time between Mumbai and Delhi varies between 16 and 30 hours.
The silent epidemic is playing havoc with the lives of millions of Indians. But those suffering from this chronic disease remain in the dark about their infection.
The plan of UID/Aadhaar-based surveillance does not end with the collection of fingerprints and iris scan, it goes quite beyond it and poses a lethal threat to the idea of India, says Gopal Krishna.
Sarvesh Agrawal tells Shobha Warrier about how he built a start-up "of the interns, by the interns and for the interns."
World trade has been growing slower than world GDP since 2012.
'Secularism is associated either with corruption, malgovernance or minority votes.' 'That allows the BJP to construct its own majority vote.' 'It will remain a feature of electoral contests, but it is not the only reason for the BJP's success.'
Raghuram Rajan rejected the argument that inflation has come down largely because of "good luck" stemming from low oil prices.
Several speakers noted that Budget carried the weight of expectations.
In the case of Air India, even competition could not compete with the government.
'Our first great challenge is to create 12 million new jobs each year, to make the demographic dividend an economic dividend.' 'We are nowhere near that,' points out Mohan Guruswamy.
The need of the hour is not a divisive, slanging match of accusations and counter-accusations, but a call for sanity,' says Vivek Gumaste.
A delayed monsoon and abundant cotton in the international market could spell trouble in the state's suicide zone.
Cancer surgeon Dr Ramakant Deshpande answers the most crucial questions on the disease. And offers very important advice on ensuring yourself a healthy, everyday life.
If the government seriously keeps out of business, the business world will know about it at a lightning speed; there would be no need for rock show-like events.
'India's economy is growing faster compared to the developed economies of the world.' 'More importantly, it is growing faster compared to most of the developing economies.' 'The monsoon is not the only thing that drives the rural economy and certainly not the national economy.' 'It is too simplistic to reduce everything to the monsoon.'
Relaxation in KYC guidelines has helped meet the target but this could lead to money laundering and financial malfeasance, it is feared.
'If you are so blinded by the Buy American, Hire American policy, if you are not going to be fair, consistent and welcoming, in the end America will lose out.'
How bridge keeps corporate India sharp and quick-witted.
Livelihoods and lives are being destroyed in the name of building a 'better' India, writes Congress leader Sachin Pilot, in an exclusive column for Rediff.com.
The Congress has never given India a PM who was a prisoner of his or her own image, said Rahul Gandhi at the party's MPs' meet.
The NITI Aayog's vice-chairman's charge holds ground.
The Hindutva brigade's silence on the rape may possibly be explained that this incident is an intra-Hindu affair for them. What is even more intriguing is that vocal gender activists have preferred to almost ignore the incident. Why? Is it because homosexual rape does not involve the woman either as victim or as aggressor, asks Mohammad Sajjad.
India will have the presidency of the BRICS' $100 billion New Development Bank for six years with headquarters in China that will become operational in about two years, a major step for reshaping the international financial system dominated by the West.
'We aren't so unreasonable as to demand that he should have fully reversed Indira Gandhi's worst economic legacy, bank nationalisation.' 'But he could have made a beginning by selling off the two most stressed small public sector banks, and then announced that each year for the next 10, one government bank with the most messed-up balance sheet will be sold.' 'It would have electrified the markets, shocked his other banks into better behaviour, and marked his name among the great reformers,' argues Shekhar Gupta.
'Saying that Snapdeal is not doing well is beyond premature. Suggesting that someone has won or lost is myopic.'
2.3 million people are opioid-dependent. 860,000 people are opioid users. 123,000 people are heroin-dependent.
This was even as the country's economy grew by 7.3%.
