Devastation struck Venezuela when oil prices started collapsing in 1982, following a global oil glut. The country's economy contracted overnight.
Such investments come with their own share of risks and buyers may need to hold on for at least 5 to 10 years.
Communist China has recently developed a great expertise in 'soul reincarnation', feels Claude Arpi
A second vote will be held on Wednesday, on measures including justice and banking reforms, when a similar outcome is expected.
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The best way to put the economy back on track is to abolish income and corporate taxes, as this will not only raise confidence but also increase savings and boost growth, the Bharatiya Janata Party's Subramanian Swamy tells Faisal Kidwai.
'Manto is the only writer to grasp what the project of Pakistan would eventually mean,' says Aakar Patel, who has translated a collection of Saadat Hasan Manto's essays in a just-released book Why I Write.
There are several books that Aakar Patel wishes were being written but aren't. Fortunately, there's plenty coming up this year that he's eagerly awaiting.
Turambekar's story is inspiring, to say the least. Read on as she recounts her remarkable journey in conversation with Rediff.com's Laxmi Negi.
China on Thursday ruled out establishing an air defence zone along the India-China border like it recently did over the disputed islands in the East China Sea, saying such zones are created only in coastal areas beyond territorial airspace.
A cruise ship carrying over 450 people, mostly elderly, capsized because of a cyclone in the murky waters of Asia's longest Yangtze River in China's Hubei province as rescuers on Monday raced against time to find survivors with hundreds missing and at least five dead.
The question wafting in the winds over the Vaigai riverbed is, has Karunanidhi's disgraced son accepted his fate? A Ganesh Nadar and Saisuresh Sivaswamy find out.
'For us, North Indians, who are habitual late comers and lackadaisical in our temple attire; who go to temples in jeans and shorts; who keep our temples dirty; where deities are placed amidst all prasadam and where rotting flowers are strewn on the pathway -- Manipur teaches us grace and discipline,' says Tarun Vijay.
'The fabric of democracy is fraying,' says T V R Shenoy. 'It is being attacked not just by terrorists in Kashmir or by zealots in the North-East, but is being ripped apart even in Allahabad, in the Hindi heartland.'
'The Pakistani defence minister talks of throwing a nuclear bomb on India. And if someone throws ink on your face, you call it violence?'
'Trains, at one point in time, were not just a mode of transport. They told a story,' says Bibek Debroy.
Months of relentless booing of Aboriginal football great and anti-racism campaigner Adam Goodes has ignited an uncomfortable public debate in Australia about race and how the country treats its indigenous citizens.
France is mourning the deadliest attack in the country in four decades in which at least 12 people were shot dead by heavily-armed gunmen shouting Islamist slogans at the office of Charlie Hebdo, a controversial satirical magazine, in Paris.
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.
Mahesh Vijapurkar on how the celebrations for Mumbai favourite deity is now a combination of crass commerce and politics.
'If they call themselves a Hindutva party, then they must sever the alliance with the PDP in Kashmir.'
'Which path should Muslims take politically as they have been completely marginalised?'
'In contrast to the generally buoyant tone of the Economic Survey in January, he sounds uncharacteristically pessimistic, saying that forces in the world economy -- slowing global trade, protectionism, robots -- will limit India's manufacturing to levels well below what propelled East Asia's economies decades ago.'
While churches burn in the capital and lawmakers spew rubbish, Prime Minister Narendra Modi does not think it important to utter a word against these atrocities.
On the occasion of her breaking the world's longest hunger strike, Rediff.com reproduces this 2011 feature on the activist and her life.
Ahead of the pronouncement of the sentence, police have left nothing to chance and have taken important functionaries of the sect, who could gather followers, into preventive custody.
Close friend Tarun Vijay pays tribute to the four-time Goa chief minister and former defence minister who passed into the ages on Sunday.
The Malda riots occurred on January 3, a day after the Pathankot terror attack. Common sense must dictate that an attack on the nation deserves more coverage than a local riot, says Syed Firdaus Ashraf.
Kashmiris hope that India and Pakistan can find a lasting solution to what many call the Kashmir 'problem'.
In India, the shortage is of high quality higher education institutions.
'Patience, hard work and perseverance are the three simple things that one needs to pass in the UPSC exam or for that matter any exam.'
'If a student can't get to school, the school will get to you. Even people with low reading abilities can be taught via videos.' 'Companies and students will be linked to their universities from the beginning and not towards the end of their course.' 'Digitalisation in education will be of enormous impact. Higher education must be closely linked to the demands on the future workforce.'
'If a student can't get to school, the school will get to you. Even people with low reading abilities can be taught via videos.' 'Companies and students will be linked to their universities from the beginning and not towards the end of their course.' 'Digitalisation in education will be of enormous impact. Higher education must be closely linked to the demands on the future workforce.'
Another sobering number is that the total Chinese investment in India in the past 10 years amounts to $400 million.
'There is no remorse over the Dadri lynching of Mohammad Akhlaq or of Pehlu Khan by cow vigilante groups.' 'But should you not have remorse for those who came to kill them?' 'They were Hindus. Do you accept that?' 'That to kill one Pehlu, 20 Hindus have become murderers.' Rajdeep Sardesai in conversation with Ravish Kumar.
'The Chinese being focussed more seawards is definitely better for India with China being the looming threat along our land borders,' says Brigadier S K Chatterji (retd).
Unlike the LDF and NDA nominees who are at ground zero and campaigning hard every day, the Congress candidate's campaign is undertaken in absentia, dependent on an army of local and imported from the rest of Kerala Congresswomen and men.
With Pinarayi Vijayan set to be chief minister, what will be the role for party patriarch V S Achuthanandan? And what are the key takeways from the election results in Kerala?
'It would be too sweeping to say that the elites and the middle-class don't care about liberty.' 'It is just that they are always calculating the trade-offs: What's in it for me, what could it cost me?' 'To that extent, we haven't changed in 40 years,' says Shekhar Gupta.
A day before iconic street artist Banksy opens Walled Off -- his hotel in Bethlehem, a few feet away from the Israel-Palestine Wall -- we take you inside on a tour.
A divided party -- not the quashing of the Adarsh report -- will spell doom for the Congress in Maharashtra, argues Neeta Kolhatkar.
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