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What Rajan needs to do to cement his legacy

What Rajan needs to do to cement his legacy

RBI Governor Raghuram Rajan. Photograph: Reuters Raghuram Rajan will soon complete a year as the Reserve Bank of India’s 23rd governor. He has had a productive first year at the RBI -- one which saw, also, India’s economic imbalances improve and the unexpectedly strong general election outcome. But despite the successful economic stabilisation, Governor Rajan still has a long road ahead. Indeed irrespective of his impressive credentials and his favourable first-year report card, ..., 6 minutes ago

'RSS doesn't want to extend itself to the wheels of politics'

'The RSS doesn't intervene, interfere or try to dominate government policy-making... The responsibility of running the government is entirely in the hands of the BJP.' Last month, K N Govindacharya explained to Prasanna D Zore/ why he had filed a petition against the government's reliance on social media sites like Facebook and Twitter. Read Part 1 of the interview: 'The law of the land shall prevail on social media sites' Govindacharya, a leading ideologue of the Sangh Parivar till ...
 Rediff.com14 minutes ago

Sensex kisses 27K; Pharma and financial shares rally

Markets are maintaining the upward march with financial and healthcare stocks contributing the most to the gains on the Sensex. The sentiment of the market participants boosted on sustained capital infusion supported with firm GDP growth data quoting at 5.7% for the April-June quarter and sharp decline in the CAD which dropped to 1.7% of GDP. By 12.10, the Sensex is higher by 103 points at 26,970 mark and the Nifty has gained by 37 points to trade at 8,064 levels. The market cheered after ...
 Rediff.com20 minutes ago

In India, BlackBerry sees its best hope for revival

BlackBerry Q10. Photograph: Courtesy, BlackBerry Last month, BlackBerry CEO John Chen had said that India was critical to the revival of the company. And a revival is something the Ontario-headquartered maker of smartphones needs quickly. In the quarter ended May 31, its global shipments crashed 61 per cent to 2.6 million handsets from the same quarter in 2013-14. While the company posted a surprise profit of $23 million after reporting a loss of $423 million in the previous quarter, ...
 Rediff.com33 minutes ago

24-year-old techie commits suicide in Indore

A 24-year-old woman software engineer, who was apparently suffering from depression, allegedly committed suicide at her house in Indore, police said Tuesday.Deepa Radariya, originally from Mumbai and working at a software firm here for the last six months, yesterday hanged herself at her apartment in Ahinsa tower on MG Road, Tukoganj police station in-charge Dilip Singh Choudhary said.The woman used to live in the apartment along with her colleague Sneha, he said.Deepa used to get depressed ...
 Rediff.com45 minutes ago Man jumps into sea from Bandra-Worli Sea Link  Zee News11 hours ago In Five Days, Four Suicides at Mumbai's Bandra Worli Sea Link  NDTV11 hours ago

Death row convict may be heard in open court: SC

The Supreme Court Tuesday held that in the cases where the death sentence has been upheld by the apex court, the death convict will have a right that his petition seeking review of the verdict upholding death sentence will be heard by the three judges bench in an open court and he will be accorded half an hour hearing.The apex court constitution bench headed by Chief Justice RM Lodha said that in the review petition that have already been decided and rejected, but the death sentence has not ...
 Rediff.com50 minutes ago

Brand isn't everything, says Pepsico India chief

D Shivakumar is a strict vegetarian, but that does not stop us from talking about fish. As we settle into a table at Varq, the Taj hotel’s contemporary Indian food restaurant, I explain my worries about being served basa imported from Vietnam and said to contain carcinogenic growth hormones. He takes a gentle dig at my Bengali obsession with fish by telling me a story. On one of his frequent trips to the north-east, he ticked off a sales executive for carrying hilsa from Bangladesh. But ...
 Rediff.com52 minutes ago

Several trapped as fire breaks out at 24-storey building in Kolkata

A major fire today broke out in the 24-floor Chatterjee International building, trapping several people on the top floor of the high rise, which houses many commercial establishments on the Jawaharlal Nehru Road on Tuesday. “As the fire broke out between the 12th and 15th floors, there were people who were unable to come down. Several fire tender engines have been rushed to the spot,” an official of the Kolkata police said. “There is no news of any casualty and the cause of ...
 Rediff.com1 hour ago

World's greatest rave ends in blaze of glory

The Burning Man festival came to its traditional spectacular conclusion on Saturday night, when the huge wooden effigy that gives the event its name was set alight.  More than 50,000 revellers have spent the last week camping in the Black Rock desert in Nevada. Money is outlawed at the festival, so revellers must bring everything they will need for the week-long rave. Reuters photographer Jim Urquhart captured this year's festival, which had the theme ‘Caravansary’. Dillon ...
 Rediff.com1 hour ago

Saina Nehwal splits with coach Pullela Gopichand

Just ahead of the Asian Games, star Indian shuttler Saina Nehwal split with the national head coach Pullela Gopichand as she has decided to train under former India coach Vimal Kumar.The Olympic bronze medallist had also conveyed the decision to Gopicahnd during the recently concluded World Championships in Denmark.The 24-year-old has decided to move to Bangalore to work under Vimal Kumar for the upcoming Asian Games, which will kick-start from September 19.Nehwal has been struggling with her ...
 Rediff.com1 hour ago
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