Finance and Defence Minister Arun Jaitley speaks during a news conference in Srinagar June 15, 2014. REUTERS/Danish Ismail/Files

Jaitley stirs anger by making light of Delhi rape case

Finance Minister Arun Jaitley faced criticism on Friday for making light of the gang rape of a Delhi woman in 2012 and her subsequent death by saying it was a small incident that had cost India billions of dollars in tourism.  Full Article 

Nifty touches record high; software stocks gain 4:49pm IST

MUMBAI - The Nifty rose on Friday to a record high for the fourth time this week as software stocks gained after upbeat U.S. and German data raised optimism about the sector's business outlook, while higher global shares also helped.

Human rights activist Irom Sharmila speaks to the media outside a prison hospital in Imphal August 20, 2014. REUTERS/Stringer
Top News

Hunger striking activist re-arrested - police

Human rights activist Irom Sharmila, on hunger strike for the last 14 years in protest against alleged army atrocities, was arrested again on Friday two days after being released from hospital detention. Sharmila, 42, went on hunger strike in 2000 in protest against a law originating in the British colonial era that gives security forces wide powers to search, enter property and shoot on sight.   Full Article 

Kerala, India's wettest state, to go dry in 10 years
Kerala Prohibition

India's wettest state to go dry in 10 years

The tropical state of Kerala, which has the country's highest alcohol consumption per capita, is moving to become alcohol-free within 10 years. Kerala Chief Minister Oommen Chandy, quoted in local media, said the state government was in favour of "total prohibition". A resident of Kerala typically drinks about 8.3 liters of alcohol per year, more than double the national average.   Full Article 

Rupee notes of different denominations are seen in this picture illustration taken in Mumbai April 30, 2012. REUTERS/Vivek Prakash/Files
Banking

Stricter limits likely on bank loans to corporates

The Reserve Bank of India (RBI) plans to impose stricter limits on how much a bank can lend to a single corporate group, a move aimed at curbing risk in the banking sector at a time when bad loans are on the rise.  Full Article 

Trucks of a Russian convoy carrying humanitarian aid for Ukraine, drive in the direction of the Ukrainian border near the town of Donetsk, in Russia's Rostov Region, August 22, 2014. REUTERS/Alexander Demianchuk
Ukraine Crisis

Moscow defies Kiev, moves convoy into Ukraine

Russia ordered a convoy of aid trucks across the border into eastern Ukraine on Friday apparently without Kiev's permission, raising the danger of direct confrontation with the Ukrainian military which is fighting pro-Russian rebels.  Full Article | Slideshow 

Subcontinent's pictures from 1850-1910

Subcontinent's pictures from 1850-1910

From the first pictures of the Taj Mahal to the 'Hairy family of Burma', a new exhibition in India’s capital showcases some of the earliest photographs from South Asia, taken between 1850 and 1910. Around 250 images from India, Sri Lanka, Myanmar and Nepal are on display at the “Drawn from Light: Early Photography and the Indian Sub-continent” exhibition.  Full Article 

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Popularity Poll

Anatole Kaletsky

A market roller-coaster is due – just not yet

In the not-too-distant future, investors are certain to suffer some big and painful losses - even if I am right in expecting equity prices to continue rising in the long term. What kind of event is most likely to end this bull run, or at least interrupt it with a setback of 20 percent or more? The answer is a major economic crisis. Another possible trigger would be a substantial interest rate increase.  Commentary 

Anatomy of an air strike: Three intelligence streams working in concert

Anatomy of an air strike: Three intelligence streams working in concert

In a fast-moving war with an elusive foe like the Islamic State militants, information is as important as guns, jet fighters and bombs. U.S. spies, eavesdroppers and airstrike controllers now have a lot of work to do together to catch up to the situation on the ground in northern Iraq, writes David Axe and Robert Beckhusen of Medium.com.  Commentary 

OPINION

Did America’s policy on ransom contribute to James Foley’s killing?

Did U.S. policy on ransom contribute to Foley’s killing?

James Foley’s execution is a wake-up call for U.S. and European policymakers, as well as U.S. news outlets and aid groups. It shows how different responses to kidnappings by U.S. and Europe save European hostages but can doom the Americans.  Full Article 

Deepak Yohannan

Long-term motor insurance might work

The insurance regulator has allowed three-year insurance policies for two-wheelers. The good part for consumers is that premiums would not change within the three years. Insurance companies on their part would be happy as the claims in this segment are not too high. If the move is successful, we may even see four-wheeler insurance being offered for a longer duration.  Opinion 

SCOTTISH REFERENDUM

What’s Scotland’s problem with a United Kingdom?

What’s Scotland’s problem with a United Kingdom?

Though Scotland remains a great creator of myths about itself, it has strained to make a case that it has suffered much under English domination. In the late 1990s, it hooked itself to the Braveheart phenomenon – the surge of anti-English nationalism unleashed by Mel Gibson’s piece of adolescent fantasy – but even nationalists are now embarrassed by that.  Article 

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