A combination of falling food articles & fuel prices and a high base effect from last year have led inflation this week to the historical low of 0.44%. The numbers were lower than the forecasted figure of 0.89% of Reuters but certainly in line with the trend that economy had expected. Annual inflation as measured by Wholesale Price Index was at 2.42% in the week before and at 7.78% in the corresponding week...
Corporate frauds have exploded in India and have become a phenomenon. From Harshad Mehta to Ketan Parekh, to Madhavapura Co-operatives in 2002 to the CRB scam involving Roop Bhansal and further down to the initial public offering scam — popularly known as the Rupalben scam in late 2005 to the latest one Satyam’s fraud, it is a familiar story of a few corporate heads indulging in creative accounting with the...
Posted by
Surabhi on Nov 11th, 2008 in
Economy,
India |
0 comments
US is India’s largest trading partner, accounting for over 17 per cent of total exports. When the whole world is facing slowdown, sentiments need to be improved, and then only economy will pick up a positive direction. Improvement in sentiments would mean that FIIs would once again start looking at emerging markets and that is what India needs the most. Right now, the whole world needs a change; a change from...
Posted by
Surabhi on Jul 28th, 2008 in
General,
India,
WISDOM |
0 comments
Chanakya (Kautilya) perhaps is the only personality who has been accepted and revered as a genius both by Indian and Western scholars. His ideas and principles show concurrence and validity in the present day world. As an image of greatest diplomat of the world, his foresightedness and wide knowledge coupled with politics of expediency founded the mighty Mauryan Empire. He also credited the defeat of Alexander in...