NEW DELHI - Indian politicians are expected to spend around $5 billion on campaigning for elections next month - a sum second only to the most expensive U.S. presidential campaign of all time - in a splurge that could give India's floundering economy a temporary boost.
ROME - International police agency Interpol on Sunday confirmed "at least" two passports recorded as lost or stolen in its database were used by passengers on board a missing Malaysia Airlines flight and said it was checking for other suspect passports.
A spectacular rally in the last few days has put the market in a pre-election mode, buoyant with hopes of a stable and reform-oriented government. But expectations go completely awry in the 2004 elections, thus betting without a hedge could be a dangerous trade, writes Ambareesh Baliga Full Article
There have been 225 reported cases of acid attacks on women from 2010 to 2012, according to a response from the National Crime Records Bureau to a Right to Information request. Thirty-one were reported in the New Delhi region, and activists say the numbers are much higher than what have been reported. Full Article
It is Kangana Ranaut’s ownership of the character, as well as director Vikas Bahl’s conscious attempt at a subtle, screwball comedy that makes “Queen” soar, making it a film where viewers root for the main character, writes Shilpa Jamkhandikar. Full Article
A missing Malaysia Airlines jetliner may have turned back from its scheduled route before vanishing from radar screens, military officers said on Sunday, deepening the mystery surrounding the fate of the plane and the 239 people aboard. Article
Voting for the 2014 general election will begin on April 7. More than 814 million people — a number larger than the population of Europe — will be eligible to vote in the world’s biggest democratic exercise. Article
Bill Gross, the co-founder and co-chief investment officer of Pacific Investment Management Co, has accused departing CEO Mohamed El-Erian of seeking to "undermine" him by talking to The Wall Street Journal about deepening tensions between the two executives who have been jointly running the world's largest bond house. Full Article
Global cost-of-living surveys make the wage bargaining ritual in multinationals appear dependent on data. Such exercises fail the test of people revealing their preferences by their decisions. If a company used the study to ask its employees in Mumbai to tone down their wage expectations in 2014, they will make a beeline to recruiters’ offices - to search for jobs in Singapore. Full Article
The Swiss Bank Employees Association has told an uncomfortable truth: it was “generally known” that for many years some of their employers profited from customers’ “tax evasion.” That is incontestable, as many of the banks’ managers concede. But the practice raises a question about ethics and business. Why were neither the managers of the Swiss banks nor their employees worried by this business model? Commentary
A bad monsoon in India is the one that fails to deliver enough rain most of the time. This year, a lack of rainclouds could be the silver lining that the government needs. India has no place left to store more grain, and can ill afford a hefty payout to farmers for the truckloads of produce that another monsoon could produce. Full Article | Slideshow