Rajan also said it's a problem of collective action and not a problem of industrial nations or emerging markets
The official twists and turns have raised questions on the government's credibility and its ability to pull the nation out of the demonetisation quagmire. To keep up with the new rules, the government has issued an updated FAQ on demonetisation.
Still too young to drive on Indian roads, 17-year-old Jehan Daruvala, a speedster from Mumbai, could become India's first Formula One champion.
Global working conditions have worsened in 2014.
Mercedes Benz, BMW and Audi have sharply increased their sourcing from India.
'Gujarat should have been a breeze. But the Patidar agitation and economic uncertainty queered the pitch.' 'Yes, the BJP won and its rank-and-file will take great comfort in the assembly victory. But the leadership is taking stock for a very tricky set of elections coming up in 2018.'
In the pitch dark of the African night, a herd of cape buffaloes gather at the watering hole for a drink, taking care to stay by the edge to avoid the crocodiles lurking in the depths. In Gangiova, a village in Romania, a doctor places her stethoscope to the chest of a newborn baby, listening intently for the beating of his tiny heart. These are just some of the moments that have been picked by the judges for the Sony World Photography Awards. For the 2017 competition, photographers entered 227,596 images across the awards' Professional, Open and Youth categories. The Open competition winner will receive $5,000 (Rs 3.3 lakh), Sony digital imaging equipment and flights and accommodation to the awards ceremony at Somerset House in London. Sony World Photography Awards has been kind enough to share some of their shortlisted pieces with us.
Belgian-born Rich, whose trading group eventually became the global commodities powerhouse Glencore Xstrata, died in hospital from a stroke.
If the impact of the Greece crisis spreads across Europe and parts of the world which are more interconnected than ever before, India cannot hope to be insulated, says Paranjoy Guha Thakurta.
The Aam Aadmi Party on Tuesday said that three of its senior leaders -- Yogendra Yadav and Shanti Bhushan and Prashant Bhushan -- were working to ensure the party's defeat in the recently held assembly elections in Delhi, and therefore, this was justification enough to expel them from the Political Affairs Committee.
Son of a Madurai farmer, Dr Vijayaragavan Vishwanathan has built a unique device for agriculture that can save water as well as electricity. Ironically, Vijay got support for his project from different international bodies but is still looking to get support from Indian government organisations when the product was specifically made for India.
Launching a scathing attack on Prime Minister Narendra Modi, Opposition parties on Wednesday alleged that selective leak of information on demonetisation of 500 and 1000 rupee notes to 'friends of BJP' and demanded making public the names of those who had bought gold and foreign exchange of over Rs 1 crore since April.
'When we became a Rs 100 crore company in October, we celebrated in grand scale. We have grown from producing 10 packets a day in 2005, with just my cousin managing the kitchen, to 50,000 packets a day with 1,100 employees in 10 years.' 'If you have the passion to start something, do it immediately. Don't wait for tomorrow.'
News of all that's transpired on and off the football field
'The Army must always be balanced in response.' 'Rabble rousers will demand that it be given a free hand against anti-national elements in the streets. That is exactly what the adversaries want.' 'Burning the Kashmir Valley through the summer is their desire; the Army will never contribute to enhancing their aim,' says Lieutenant General Syed Ata Hasnain (retd), who served as the General Officer Commanding 15 Corps in Kashmir.
Beijing wants assurance that its investments won't come under scrutiny
'The ISI has given a stunning display of its capacity to do with impunity what it likes within Kabul. Incensed over the triumphalism of the hardliners in Kabul, the ISI has hit out; it is a typical ISI reflex action that Indians are familiar with,' says Ambassador M K Bhadrakumar.
One couldn't help feeling a certain melancholy viewing these now vagrant documents and photographs that would never be rightfully cherished. The pictures spoke to you. They offered slices of extinguished lives. They breathed sadness too, for what could have been and will never be. The sweet promises that Life made and insolently, arrogantly never kept.
'Modi cannot content himself anymore with merely indulging in Congress bashing and referring to the Gujarat 'miracle'. He'll have to show that his party is as clean and as innovative as the AAP. And this is impossible because AAP is new and the BJP is now old: the people have tried it already. What they have not tried already is Modi, and this is what may make the difference,' says the respected political scientist Christophe Jaffrelot.
An International Monetary Fund study published on Tuesday showed that Greece needs far more debt relief than European governments have been willing to contemplate so far, as fractious parties in Athens prepared to vote on a sweeping austerity package demanded by their lenders.
Nita Doshi and Devashish Sharma share a common goal to help poor patients who cannot afford treatment for cancer.
It's not easy to ignore the newspaper ads with Diwali offers.
'The government has belied the hope that many harboured of change, efficiency and dismantling old practices as the defence ministry continues to pursue the same well trodden and wasteful path.'
Anti-conversion laws are needed since thrusting the idea of a competitive battlefield of religion onto India's pluralistic traditions can only lead to greater communal conflict, says Sankrant Sanu
'There was a time when I went without salary for about six months,' says Amod Malviya, an alumnus of IIT Kharagpur and currently CTO, Flipkart.
'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.'
The Indian Army and more recently the Indian Navy have already set up dedicated intelligence branches. It is surprising indeed that the IAF, where real time and timely intelligence is most vital for effective and safe prosecution of the air war, has still not done so itself, says Group Capt (retd) P I Muralidharan.
Irrfan Khan's fascinating interview with Savera R Someshwar/Rediff.com.
This is the joint statement issued by the ministry of external affairs on the visit of US President Barack Obama to India.
What is Change really like in Bihar? Once seen as India's basket-case, what is its turnaround story like?
'I've seen the craze for English education even among the poorest. But that is only for their sons. Parents feel thrilled when they see their sons going to school wearing a tie. They don't mind paying for their sons' private tuitions too.' 'But daughters are sent to municipal schools, madarsas, small schools where teachers with no teaching skills are paid Rs 2,000 or Rs 4,000. That's why more girls come to my class.' Syed Feroze Ashraf, who has sent 500-odd girls (and a few boys) -- all first generation learners, children of grave-diggers, hawkers, rickshaw-drivers, tailors and watchmen -- to college, speaks to Jyoti Punwani. A Rediff.com Special.
What is Change really like in Bihar? Once seen as India's basket-case, what is its turnaround story like? Archana Masih reports from India's other most talked about state.
Keep exit plans handy, D-day could be the second week of August, writes Sonali Ranade in Market Notes.
Here is the full transcript of Congress vice president and Lok Sabha poll campaign chief Rahul Gandhi's first formal TV interview with Times Now Editor-In-Chief Arnab Goswami.
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