NEW DELHI - India has put security agencies on nationwide alert for a militant strike in the lead-up to a visit by U.S. President Barack Obama next month, citing an assault on a Pakistani school this week as a warning signal.
NEW DELHI - India's cabinet approved a constitutional amendment bill on Wednesday to rationalise state and central indirect taxes into a harmonised goods and services tax (GST), a government official told reporters.
The parent company behind SpiceJet Ltd said it could not afford to spend what could be hundreds of millions of dollars to rescue the beleaguered airline, raising questions over its future. SpiceJet was granted a reprieve after the government asked suppliers to give it more time to pay its bills. But it was still forced to ground its entire fleet on Wednesday after oil firms refused to refuel its planes. Full Article
A U.S. government source said investigators had determined that North Korea was behind a cyberattack on Sony Pictures as the studio pulled all plans to release its comedy, "The Interview," about an assassination attempt on the North Korean leader. Full Article
Online taxi service Uber Technologies, which had a driver was accused of rape in New Delhi, said it was exploring adding new methods to verify drivers' credentials and make its service safer. Full Article
Uber’s law flouting could bring its joyride to a screeching halt. The taxi app company is covering its drivers’ fines for illegally picking up passengers. That may be just another business expense to a firm that earned a $40 billion valuation by moving quickly and breaking the rules. But the legal, lobbying and public relations costs of reckless behavior are accelerating fast. Full Article
Saudi Arabia is once again using its “oil weapon”. The kingdom has two targets in its latest oil war: it is trying to squeeze U.S. shale oil - which requires higher prices to remain competitive with conventional production - out of the market. More broadly, the Saudis are also punishing two rivals, Russia and Iran, for their support of Bashar al-Assad’s regime in the Syrian civil war. Commentary
From dealing with the relevance of Gandhism to the state of India’s education system, filmmaker Rajkumar Hirani has managed to turn social themes into blockbuster movies. In an interview to India Insight, Hirani spoke about making films based on social issues, why he says his writers are paid well, and the Sanjay Dutt biopic he is working on – almost everything but his upcoming film “PK”. Full Article