Foreign currency traders work inside a trading firm behind the signs of various world currencies, in Mumbai May 24, 2012. REUTERS/Vivek Prakash/Files

Rupee slumps to record low, cautious RBI steps in

A cautious Reserve Bank of India (RBI) with limited foreign exchange reserves stands as India's main line of defence against a currency at record lows - and markets are fretting it can't stand strong enough unless the government moves firmly to boost foreign inflows.  Article 

BSE Sensex falls more than 500 points on Fed; flows key 4:53pm IST

MUMBAI - The BSE Sensex fell more than 2 percent on Thursday, the most in a day in nearly 21 months as blue chips such as Reliance Industries slumped after the U.S. Federal Reserve signalled a tapering of its monetary stimulus, stoking fears of portfolio outflows.

A warning sign for radioactive materials is seen in the warehouse for so-called 'Castor' containers, filled with highly radioactive spent nuclear fuel, in the temporary nuclear waste storage facility in the northern German village of Gorleben near Dannenberg June 20, 2006. REUTERS/ Christian Charisius/Files
NSG Membership

India may have to wait to join nuclear body

Some states appear to be sceptical about letting nuclear-armed India into an influential body regulating sensitive atomic trade, diplomats said, suggesting Indian membership may not be imminent. The U.S., Britain, France are among countries pushing for allowing India to join the 48-nation Nuclear Suppliers Group (NSG), a move that would boost the Asian nation's status as an atomic power.  Full Article 

Arvind Kejriwal, a social activist and anti-corruption campaigner, gestures as he speaks during an interview with Reuters in Ghaziabad on the outskirts of New Delhi October 22, 2012. REUTERS/Mansi Thapliyal
Politics

Kejriwal's party readies for election with reforms

The Aam Aadmi Party (AAP) is gearing up for Delhi election this year with an array of candidates chosen for their honesty. With graft scandals embarrassing Congress and BJP, the AAP is taking a more grassroots approach to the problem: weed out the bad ones before they become electoral candidates. Will this new approach work for him, asks Shashank Chouhan.  Blog 

Members of Islamist Syrian rebel group Jabhat al-Nusra take their position on the front line during a fight with Syrian forces loyal to President Bashar al Assad in Aleppo December 24, 2012. REUTERS/Ahmed Jadallah/Files
Syria

How Syrian Islamists govern with guile and guns

Using a mix of intimidation and organisation, alliances of Islamist brigades are filling the vacuum in areas where Syrian President Bashar al-Assad's army has withdrawn and more secular rebels have failed to provide order.  Full Article | Slideshow: Battle for Syria 

A neon Google logo is seen at the new Google office in Toronto, November 13, 2012. REUTERS/Mark Blinch/Files

France tells Google to change privacy policy

France's data protection watchdog orderes Google to change its privacy policy or face fines, leading a Europe-wide push to get it to clarify its intentions and methods for collecting data.  Full Article 

A tourist poses for photos with the Merlion (unseen) in the hazy skyline of Singapore June 20, 2013. REUTERS/Edgar Su

Singapore haze may last for weeks: PM

A haze blanketing Singapore from fires in Indonesia could persist for weeks or even longer, the PM said, warning of consequences if Singapore-linked firms were responsible for the burning.  Full Article 

Latest Headlines

Surveillance Programme

Monsoon Mayhem

Photo

Flooding in India

Early monsoon rains have swollen the Ganges, swept away houses, killed scores and left thousands stranded. Rains, which were 48 percent above normal across India up until June 16, are expected to ease up in the next week, according to weather department officials.  See pictures 

Lynn Parramore

What does Apple really owe taxpayers? A lot.

Even as Apple sizzles in the Senate hot seat for alleged tax evasion and finds itself the object of a Justice Department investigation into price-fixing e-books, the company still enjoys a vast reservoir of good faith with the American people.  Commentary 

Sheldon Whitehouse

The price of ignoring climate change

Climate change endangers much of the world economy. Economists calculate that a 3.5-degree Fahrenheit rise in global temperature would reduce global gross domestic product by 1 percent. Ten of the 15 largest cities in the developing world, including Mumbai, are at risk of flooding from rising sea levels. Rising seas are swallowing low-lying land in countries such as Bangladesh and India.  Commentary 

Edward Hadas

Rate rigging costs more than money

In cash terms, the manipulation of supposedly objective reference rates and prices is a petty crime: relatively small gains for a few and microscopic losses for many. Ethically, though, the tolerance of untrustworthy behaviour makes the industry look particularly bad.   Commentary 

R Rajagopal

Hard currency status a wishful dream for rupee

Despite India’s substantial economic progress over the decades to emerge today among the ten largest economies in the world in nominal GDP terms and the top three in PPP terms, the rupee has not kept pace with this progress and has witnessed periods of high volatility. Until India traverses the distance from a trade-deficit economy to a neutral or trade-surplus nation, the rupee will always remain unhinged.  Column 

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