The Reserve Bank of India (RBI) Governor Raghuram Rajan arrives for a news conference after the bi-monthly monetary policy review in Mumbai April 7, 2015.   REUTERS/Shailesh Andrade/Files

India has built up defences vs volatile capital flows: RBI

Reserve Bank of India Governor Raghuram Rajan said on Friday the country has built up layers of defences against volatile capital flows in financial markets by building up its foreign exchange reserves, improving its economy, and focusing on economic growth.  Read 

Germany, France usher Greece back to negotiating table 12:37am IST

RIGA - European leaders told Greece on Friday to return to the negotiating table for "intensive work" to wrap up a reform agreement before cash runs out, sidestepping Athens' demand for a comprehensive, long-term solution to its troubles.

REPRESENTATIVE IMAGE: A boy is silhouetted against the setting sun while playing cricket  in Karachi December  23, 2011.  REUTERS/Athar Hussain

Sex bribes in Lanka women cricket team

Sri Lanka's sports ministry said that a probe had found evidence that members of the women's cricket team had been forced to perform sexual favours in order to earn or keep their places.  Full Article 

Supporters of J. Jayalalithaa hold her posters as they sit on a fast during a protest against the court verdict in Chennai September 28, 2014. REUTERS/Babu/Files
Tamil Nadu's "Amma"

Jayalalithaa to return as chief minister

One of India's most powerful politicians, Jayalalithaa Jayaram, is set to return as chief minister of Tamil Nadu following a nine-month break, after a court overturned her conviction in a corruption case. "Tamil Nadu, which was suffering without its mother, is now getting her back," said V.P. Kalairajan, a state legislator from her party. Jayalalithaa is expected to be sworn in as CM as early as Saturday.  Full Article 

Afghan militias and policemen gather as they discuss during a battle at the Chardara district of Kunduz province, May 3, 2015. REUTERS/Stringer
Afghanistan

Army falls back on militias to defend Kunduz

The Afghan government has enlisted hundreds of militia fighters to battle Taliban militants near the northern city of Kunduz, officials said, underlining how the armed forces are struggling to tackle the insurgency alone. The Taliban's weeks-long siege of Kunduz has involved thousands of militants and brought the insurgents closer to capturing a major city than at any time in years.  Full Article 

Worshippers sit amidst scattered debris after a suicide bomb attack at the Imam Ali Mosque in the village of al-Qadeeh in the eastern province of Gatif, Saudi Arabia, May 22, 2015. REUTERS/Stringer
The Islamic State

Suicide bomber kills 21 at Saudi Shi'ite mosque

A suicide bomber killed 21 worshippers in a packed Shi'ite mosque in eastern Saudi Arabia, residents and the health minister said, the first attack in the kingdom to be claimed by Islamic State militants.  Read 

Gold bracelets are on display as a woman (L) makes choices at a jewellery showroom in Kolkata April 21, 2015. REUTERS/Rupak De Chowdhuri/Files
Commodities

Gold demand across Asia slows

Gold buying was slow this week in Asia even as global benchmark prices dropped from a three-month high, with the Chinese hooked on surging equities while demand in India stayed weak and was unlikely to pick up as the wedding season cools. Premiums for bullion over international spot prices dropped in Hong Kong while prices in India were on par with the global benchmark.  Full Article 

China's Vice Minister of Finance Shi Yaobin (2nd L) listens to delegates during a break in the Fifth Chief Negotiators' meeting which will discuss draft agreements for the China-backed Asian Infrastructure Investment Bank, in Singapore May 20, 2015. REUTERS/Edgar Su
New Regional Bank

China, India likely to be top shareholders in AIIB

China is likely to hold a 25-30 percent stake in the new Asian Infrastructure Investment Bank (AIIB) while India will be the second-biggest shareholder, delegates said on Friday after a three-day meeting of the bank's founding member-nations. AIIB said in a statement that it expected to be operational by the end of the year. No details of the ownership structure were disclosed.  Article | Graphic 

Kalay Ghale works to rebuild his brother's house after an earthquake at Barpak village in Gorkha district May 20, 2015. REUTERS/Navesh Chitrakar
Nepal Earthquake

Nepalis return to quake epicentre to rebuild

About half a million homes were destroyed in Nepal by the April 25 quake and a series of aftershocks. The government has estimated reconstruction costs of $7 billion, a third of the country's GDP.  Read 

Handout photo from the movie "Tanu Weds Manu Returns"

Movie Review: "Tanu Weds Manu Returns"

With both “Tanu Weds Manu” and its sequel, director A L Rai starts with a great idea, some sparkling dialogue and interesting characters. But what you get in “Tanu Weds Manu Returns” is the cinematic equivalent of a car wreck. The film falls flat because Rai does not take it to its logical ending, writes Shilpa Jamkhandikar.  Full Article 

Uber logo is seen on a smartphone in front of a displayed logo of HERE, Nokia Oyj's map business, in Zenica, Bosnia and Herzegovina, in this May 8, 2015 photo. REUTERS/Dado Ruvic

A three-way race to buy Nokia's HERE

The contest for Nokia's maps business has become a three-way race between German carmakers, a consortium including Uber and Baidu, and a third group including China's Tencent and Navinfo, people familiar with the process said.  Full Article 

Latest Headlines

Sajan Pillai

How India can support its start-ups

There is no reason why India cannot be the innovation capital of the world, home to the next Google or Amazon. However, the government needs to ensure ideas are given the opportunity to grow into a business. Creating tax reforms, bringing in venture capital, and creating simple policies for new businesses is the way to spark this transformation.  Full Article 

Fizan Abdullah

Surgery so simple a gardener can do it – but he probably shouldn’t

A number of readily teachable surgical procedures can stem much of the rising tide of human suffering. We associate surgery with space-age operating rooms filled with fancy equipment. A handful of conditions require that. But many do not. Non-surgeons trained to do simple procedures can alleviate up to three-quarters of the surgical need in underserved regions.  Read 

Edward Hadas

The uses and abuses of Gross Domestic Product

Numbers can lie, and undoubtedly will when they accumulate years of approximations, estimates and exclusions. It is probably hopeless to suggest that many of the innumerable data series based on GDP should simply be discarded just because they are mostly false and misleading. They are too popular for that. However, GDP is certainly a measure that should be used with extreme caution.  Full Article 

Elizabeth A. Cobbs

Why the U.S. officially ‘believes’ Pakistan’s bin Laden story

Throughout its “war on terrorism,” the United States has had to rely on Pakistan. Though Washington may occasionally have believed its trust was abused, the Pentagon’s need for overflight rights or landing bases, crucial for U.S. troops in Afghanistan and throughout the Middle East, trumped diplomatic niceties.  Commentary 

One Year In Office

Modi faces dissent over spending shakeup

Modi faces dissent over spending shakeup

As PM Narendra Modi completes one year in office, his cuts in welfare spending on the poorest of India's 1.25 billion people are coming in for sharp criticism, including from within his cabinet.  Full Article 

David Lalmalsawma

Book Talk: Mizoram’s pain yet to heal 29 years after peace accord

Author Malsawmi Jacob was in high school when the independence movement in the future state of Mizoram began in 1966. Jacob, perhaps the only Mizo author to have published a novel in English, spoke about why she decided to write about the “ram buai” (disturbance in the land), and why she thinks the decision of the Mizo rebels to take up arms was a mistake.  Full Article 

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