NEW DELHI - The finance ministry is increasingly optimistic that it can meet a tough fiscal deficit target, helped by a 12 percent decline in global crude oil prices since Prime Minister Narendra Modi took charge in May.
Reuters Market Eye - RBI could adopt a less hawkish stance should liquidity conditions remain easy in India and oil below $100 a barrel, says Deutsche Bank.
Park Geun-hye's detached and wary leadership style, which confidants and analysts say seems rooted in her own tragic past in which her father and mother were assassinated, has been a handicap in healing a grieving nation. Full Article | Reuters interview with Park Geun-hye
Alibaba Group Holding Ltd's initial public offering now ranks as the world's biggest in history at $25 billion, after the e-commerce giant and some of its shareholders sold additional shares. Overwhelming demand saw the IPO initially raise $21.8 billion and then send Alibaba's stock surging 38 percent in its debut on Friday. Full Article
Retailers have reported a spike in sales of HMT watches after media reports said last week that the unprofitable unit of HMT Machine Tools Ltd was likely to wind down. Growing competition and the entry of foreign quartz watches and HMT’s failure to adapt to change led to falling sales, a slump from which the company never recovered. Article
Indian diplomat Navtej Sarna‘s latest book pieces together the history of an Indian “hospice” in Jerusalem. Spread over seven thousand square metres near the Dome of the Rock, the property has its origins in a visit by Sufi saint Baba Farid about 800 years ago. Farid, a pioneer of the Punjabi literary tradition, supposedly meditated for 40 days in an underground chamber in Jerusalem. Full Article
Despite being outlawed more than half a century ago, the custom of dowry continues unabated – promoting the view that girls and women are a liability and resulting in abuse, discrimination and murder. The mental and physical abuse some women face over dowry demands has driven them to suicide. Full Article
China’s real estate market is big enough that it can have not one property problem but many. A Breakingviews ranking of the forty biggest cities, according to different kinds of risks, shows there are huge differences between local markets. It’s not much consolation, though. A conflagration of regional problems could be just as bad as one big national one. Full Article
"Hidden in Plain Sight" is an aptly titled new study by the United Nations International Children’s Fund. It shows that one in 10 girls and young women interviewed reported being sexually abused before age 20. “These are uncomfortable facts,” one UNICEF official said of the report, the largest study on global child abuse to date. “No government or parent will want to see them.” Commentary
The fierce debate over whether e-cigarettes can help people quit smoking took another twist on Monday as a research paper on their use by cancer patients was criticised as flawed. Full Article