The workers who were hired straight out of school as unskilled labourers are now struggling to find alternative employment because they lack skills.
Distress sales, market closures and anchoring of fishing fleets have been reported from West Bengal, Andhra Pradesh, Tamil Nadu and Kerala.
Few top honchos of India Inc did very well in 2014.
A simple guide to the strange defensiveness of the government and its supporters, and how and why the arguments they're making are wrong.
Why is Xi Jinping visiting Saudi Arabia, Egypt and China this week? Former RA&W officer Jayadeva Ranade explains the significance of China's outreach to the Middle East.
'Not a single person I spoke to there believes that the Kundalkulam plant is safe.'
It's been 100 years since Lenin and the Bolsheviks overthrew the government, and its legacy remains visible even today in the buildings and monuments scattered throughout St Petersburg.
'It is common knowledge that cash is anonymous.' 'When demonetisation was implemented, one of the intended objectives was to put identity on the cash holdings in the economy.' 'With the return of Rs 15.28 lakh crore in the formal banking system, the almost entire cash holding of the economy now has an address.' 'It is no more anonymous,' says Arun Jaitley.
Greek proposals hailed as "a positive step forward".
For the AIADMK's cadres, it is much more than an election symbol, they believe the party's electoral chances rest on owning it, says N Sathiya Moorthy.
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
To elect, or re-elect a chief minister, the AIADMK needs to call only the MLAs for a meeting. But to elect a new general secretary, it would have to conduct direct elections with all registered cadres participating and voting. And that is just the beginning of its problems, says N Sathiya Moorthy.
'Perhaps the biggest indication was its striking decision in November to delink LeT from its aid certification process.' 'The administration decided that the US, in order to send military aid to Pakistan, would not need to certify that Pakistan is cracking down on LeT.' 'Perhaps the administration was trying to offer a carrot -- in effect, we're backing off on LeT, but in return we expect you (Pakistan) to go after the Haqqanis.' 'Either way, the optics were dreadful for the US given that Hafiz Saeed was released from house arrest a few days after the US move.' 'The US reacted angrily, but eventually it moved on, and refocused on its core concern: The Afghan-focused terror groups.'
Any attempt to defang Islamic State must first cut off its main sources of funding, especially its revenue from oil sales, extortion and crime, ransom payments, and support from foreign donors. This will also be need to be backed up by efficient forces on the ground.
With an aggressive Opposition and unyielding government, important legislation could be the biggest casualty, as details of the helicopter contract surface.
Prem Panicker, on the Rediff chat, delves on what went wrong for Team India and what to expect from Sunday's trans-Tasman World Cup final.
