Heavy traffic moves along a busy road during the evening  in New Delhi October 20, 2014. REUTERS/Vijay Mathur

Falling global crude prices bolster economic outlook

As well as making the lives of millions of middle class Indians easier, the sharp drop in Brent crude prices since June is a boon for Prime Minister Narendra Modi in his fight to revive an economy growing at its slowest rate since the 1980s.  Full Article 

Nifty rises to 1-1/2 week closing high; Jindal Steel surges 4:29pm IST

MUMBAI - The BSE Sensex and Nifty rose for a third straight session on Tuesday to mark their highest close in 1-1/2 weeks as coal-related stocks such as Jindal Steel and Power surged on the government's plans to auction coal blocks the top court cancelled in August.

Prime Minister Narendra Modi speaks with Finance Minister Arun Jaitley (L) during the launch of the Jan Dhan Yojana, or the Scheme for People's Wealth, in New Delhi August 28, 2014. REUTERS/Adnan Abidi/Files

India warns Pakistan of more pain in border row

India warned Pakistan of more "pain" if it continued to violate a ceasefire on their disputed border in Kashmir and said it was up to Islamabad to create the conditions for a resumption of peace talks. The two sides exchanged mortars & intense gunfire this month.  Read 

Residents light fireworks on the Hindu festival of Diwali in New Delhi October 17, 2009. REUTERS/Reinhard Krause/Files
Diwali Week

Delhi braces for worst air quality this week

Air quality in New Delhi will deteriorate to "severe" levels this week when Indians set off firecrackers to celebrate the Hindu festival of lights, a government scientist said, leaving many at risk of respiratory problems. The warning is significant as New Delhi dismissed a WHO study which found the capital to have the world's worst air pollution.  Full Article | Slideshow: Diwali celebrations 

West Indies Kieron Pollard stretches during a practice session in Colombo, October 6, 2012. REUTERS/Dinuka Liyanawatte/Files
Cricket

West Indies in trouble as India suspend tours

West Indies cricket was plunged into a major crisis after India, the world's richest board, suspended all future tours with them following the Caribbean team's abrupt withdrawal from a series.  Full Article 

South African Olympic and Paralympic track star Oscar Pistorius holds the hands of family members after being sentenced at the North Gauteng High Court in Pretoria October 21, 2014.  REUTERS/Herman Verwey/Pool
Pistorius Trial

Pistorius starts five-year term for killing girlfriend

Olympic and Paralympic sprinter Oscar Pistorius started his five-year jail sentence on Tuesday for killing his girlfriend Reeva Steenkamp, marking the end of a trial that has gripped South Africa.  Full Article 

Customers sit outside the branch of a HDFC bank at a shopping arcade in Agartala, capital of Tripura, January 20, 2014. . REUTERS/Jayanta Dey/Files

HDFC Bank eyes pickup in corporate credit

HDFC Bank sees borrowings by corporates for expansion purposes picking up from second quarter of next year, a senior executive said, a move that will boost the outlook for banks hit by tepid loan demand in Asia's third-largest economy. HDFC Bank, India's second-biggest private sector lender by assets, on Tuesday posted a 20 percent rise in quarterly net profit, missing street estimates, due to higher tax expenses and provisioning for loan losses.  Full Article 

Latest Headlines

John Lloyd

Lessons of Ebola: Unequal in life, unequal in death

Dr. Margaret Chan, who leads the WHO, sent her chief of staff to a WHO regional conference in Manila to spotlight something we rarely keep in our conscious mind and don’t, collectively, do much about: Inequalities can be a matter of ever-longer life, or a most miserable death: Inequalities can be a matter of ever-longer life, or a most miserable death.   Commentary 

Being the ‘indispensable nation’ is killing American democracy

Being the ‘indispensable nation’ is killing American democracy

America — proudly dubbed the “indispensable nation” by its national-security managers — is now the entangled nation enmeshed in conflicts across the globe. The indispensable nation is permanently engaged across the globe. But endless war undermines the Constitution.   Commentary 

Oil pumping machine.

Cheap oil is no tonic for Asian economies

Cheaper oil won’t be much of a tonic for Asian economies. While painful for exporters, sliding prices should benefit consumers of crude. For most in the region, though, less expensive oil is mainly a sign that growth is stalling. The big exceptions are India and Indonesia. For them, the price slide over the past 4 months translates into significant budgetary savings.  Full Article 

D H Pai Panandiker

Targeting inflation at 4 percent

Finance Minister Arun Jaitley seems to have finally taken the responsibility of targeting inflation as it is a sensitive political issue and could not be left to the discretion of the Reserve Bank of India (RBI). With CPI as the anchor, the target will be 4 percent measured annually (+/-2 percent). Inflation targeting is a good game and not a difficult one. The real problem is in achieving the target.  Full Article 

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