'SBI is already too big. Too big to fail.' 'It already is a moral hazard. What will it do with 20,000 branches that it cannot do with 14,000, especially in these days of online and mobile banking?'
The first two units of the Kudankulam nuclear plant will discharge 6.3 billion litres of waste water every day right onto the beach. This discharge will trigger a slow-motion disaster that will poison beaches, devastate near-shore fisheries and choke the livelihood of fisherfolk in the vicinity, says Nityanand Jayaraman.
At present there is virtually no dialog between votaries of different various versions of economic democracy.
'The 'Off-with-Rajan's-head' brigade bases its arguments on mistaken beliefs, erroneous causalities, and even downright prejudice.'
Is Devyani Khobragade's arrest connected to India detaining an anti-piracy ship owned by a US security firm, asks Colonel Anil A Athale (retd).
A Texas company will submit a report by June on whether a company controlled by RIL 'stole' natural gas from the wells where ONGC is contracted to operate in the KG basin, as alleged by ONGC.
'Good politics is not just staying in power. You cannot sacrifice everything at the altar of trying to ensure the coalition remains in power.'
'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral Acharya.
The fact that the US dollar has become the world's preferred reserve currency is now the core of global financial crisis, says Mohan Guruswamy.
'Alas, in this scheme there is nothing to stop the black money flows of the future.' 'On the contrary Modi has sown the seeds of more, through the issue of Rs 2,000 notes.' 'But have you heard one politician decrying this aspect of the scheme?' 'They must be secretly rejoicing that while Modi is taking away their past, he has not shut the door on their future,' says banker S Muralidharan.
The government has provided a long-term vision.
The announcement of the formation of the BRICS bank will have as much an impact about how the non-G7 countries manage their economies and their foreign reserves, as it does on the intellectual discourse. The development priorities and agenda which was hitherto set by western experts responding mostly to western priorities and notions will now have to compete with an intellectual tradition that is and can be very different, says Mohan Guruswamy.
Over two years since the Nirbhaya rape shook the nation women in New Delhi feel no safer than they did before. With safety apps to self-defence classes on the rise, Ritika Bhatia takes a look at what working women in Delhi are doing to keep themselves safe.
This is the joint statement issued by the ministry of external affairs on the visit of US President Barack Obama to India.
Transcript of the political resolution adopted by the Bharatiya Janata Party in its national executive meeting in Panaji, Goa on Sunday.
Transcript of Nikhil Pahwa's chat with Rediff readers.
'The UPA's claim of growth at 9.5 percent was absolute nonsense and a fraudulent claim because the country did not grow; it was only statistical growth.' 'I do believe that when there is a determined leader who wants to bring a desired change, the system will begin acting. Today, people think there is policy paralysis, but there is functional paralysis also.' 'When things start moving, people will invest. Many companies are holding cash, many people are not investing. Nobody is making any move. Everybody is waiting for the elections to get over.' Economist and Swadeshi Jagran Manch convenor Swaminathan Gurumurthy in conversation with Shobha Warrier/Rediff.com
'India is no longer the India of the '70s and the '80s.' 'It's a large country with the fastest growing economy.' 'In working with India, you just can't go and humiliate the nation publicly.' USIBC President Mukesh Aghi tells Aziz Haniffa/Rediff.com about how he advises American companies to do business with India, what he thinks of Modi's government and the way forward for the India-US relationship.
