India will place restrictions on foreign direct investment (FDI) in the national interest to ensure safeguards because of its location in a highly sensitive neighbourhood, Finance Minister Nirmala Sitharaman said during an interactive session at the Wharton Business School in the US on Tuesday. "I cannot blindly accept FDI simply because we need investment, unmindful of where it is coming from. "We want business, we want investment, but we also need some safeguards, because India is located in a neighbourhood that is very, very sensitive," Sitharaman said.
Despite fierce criticism by Narendra Modi's supporters that the Wharton Business School has violated the Gujarat chief minister's freedom of speech by cancelling his keynote speech at this month's Wharton India Economic Forum, a professor from the University of Pennsylvania argues that the decision has nothing to do with curtailment of free speech.
Leaders of various political outfits took a dig at Gujarat Chief Minister Narendra Modi on Monday after the latter was dropped as the keynote speaker at a Wharton Business School event.
"I have 27 missed calls during the time I've been speaking to you! Here if you don't answer the phone, there is every chance a party member will tell you 'Because you didn't answer my phone I'm leaving your party.'" Archana Masih reports on how a graduate of the prestigious Wharton Business School fits into the unusual landscape of North-East politics.
They say 'money can't buy you happiness,' but a new study has proved the opposite. Researchers at Wharton Business School have carried out the study and found that inhabitants of richer nations are happier than those of poorer countries, the Financial Times has reported. Their finding contradicts years of wisdom that higher national gross domestic product often did not translate into a greater overall sense of well-being.
On April 7 we asked readers if money can buy happiness. our readers seem to have had differing opinions on the matter. Here's what they had to say.
Finance Minister Chidambaram said rising prices of primary food articles was worrying him. High food prices the world over and a supply-demand mismatch were behind the high prices, he said, adding this was beyond the influence of the monetary policy.
Rita McGlone, senior director of Wharton confirmed that Wharton is seriously considering a campus in India both to provide non-executive MBA programmes and executive MBA programmes.
Do you believe you can buy as abstract a thing as happiness? What does happiness mean to you? Are you happy when you have more money in your pocket? Or is it vice versa? Tell us.
The minister, who called himself 'Guruji', explained to the students in Hindi how he had broken the myth of the western model that an enterprise
Infosys President B G Srinivas will join Hong Kong-based diversified group PCCW as Group Managing Director in July, after ending his 15-year old stint with India's second largest IT services firm.
Marking a generational shift in state politics, Union Minister Sachin Pilot was on Monday appointed the Congress chief in Rajasthan where the party faced a rout in Assembly polls.
The man who could well have been a high-level corporate may have to content himself being deputy chief minister. But other challenges await.
The 41-year-old 'young gun' travelled the length and breadth of the state to strengthen the party at the grassroots level and ensure its comeback.
'There are companies that are losing and there are companies that are rising.' 'And the companies that are losing are positioning it as an economic slowdown.'
Sachin Pilot on how he expects to help the Congress regain lost ground.
Faced with a situation where the spouse's transferable job keeps taking the family to different locations, thus jeopardising their own careers, many women simply fall off their career track and resign themselves to relocation every time their husband gets transferred, says Sudha Menon.
Vaihayasi Pande Daniel -- who covers the Sheena Bora murder trial for Rediff.com -- reports on a day in a Ranchi court.
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