Devastation struck Venezuela when oil prices started collapsing in 1982, following a global oil glut. The country's economy contracted overnight.
'Modi is likely to make more announcements to win or retain popularity, and put himself at the centre of things even more than now,' says T N Ninan.
From the Syrian civil war to the Ukrainian crisis to the terror unleashed by the dreaded Islamic State, there was no lack of news in 2014. Rediff.com presents a selection of the year's most enduring moments year from around the world.
The Cuban government has announced nine days of mourning and has set Castro's funeral for December 4.
Prior public consultations when making regulations is a critical feature
Surging value of dollar may be posing the biggest threat to US corporate earnings.
'Sridhar had the ability to paint a vision, for an activist faced with the toughest personal problems so as to see a way out by combining one's personal desires with the needs of the movement.' Arun Ferreira remembers his fallen comrade Sridhar Srinivasan.
'There is perfect coordination between them,' Vice-President Hamid Ansari said when Rediff.com asked what differences he had noted between Raul Castro and his elder brother. 'Commandante (Fidel Castro) remains the undisputed leader of the revolution.'
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