MUMBAI/LONDON - Indian gold imports may fall 70 percent in the final quarter of 2013 from 255 tonnes in the year-ago period and are expected to be half usual levels at 500-550 tonnes next year if new import rules are maintained, a top trade body official said on Friday.
NUSA DUA, Indonesia - Ministers appeared close to sealing the world's biggest trade reform for two decades early on Saturday but a last-gasp objection from Cuba forced an overnight halt, leaving the World Trade Organization four votes short of a final victory.
South Africans united in mourning for Nelson Mandela on Friday, but while some celebrated his remarkable life with dance and song, others fretted that the anti-apartheid hero's death would leave the nation vulnerable again to racial and social tensions. Article
Twenty-nine years have passed since a poison gas leak from the Union Carbide pesticide plant in Bhopal killed thousands of people. For the estimated 100,000 survivors and their children who cope with birth defects, illness and a variety of other health problems, it might as well still be the 1980s. Full Article
The BJP is likely to win in four of the five states that went to polls over the past month, exit poll surveys conducted by Cvoter and the India Today-ORG group showed. Such a victory will be a boost for the party and its prime ministerial candidate Narendra Modi ahead of general elections. Graphics
Nelson Mandela, who has died aged 95, was a rare and brave leader. But economically he was, ironically enough, too timid. He set post-apartheid South Africa on course toward a mostly free market economy with stable finances, avoiding the errors of others like neighboring Zimbabwe. But he left the country slow-growing and still suffering from inequality. Full Article
The markets have now come to expect that tapering is inevitable and will be initiated. In India, steps have been taken by the RBI to make up for the outflow of FII investment that can follow. Besides, parameters that influence the markets for stocks and currency have perceptibly changed. It appears tapering, even if it comes as early as January, will not have a significant impact. Column
Informal lending is common in India, with businessmen and family members often lending money in times of need. But entrepreneurs in India are now experimenting with the P2P business model, with websites such as i-lend.in and faircent.com providing a meeting ground for borrowers and lenders. Such portals charge an upfront fee and get documents verified by a third party. Full Article
Prabhu Dheva’s “R…Rajkumar” is the latest in a series of ‘masala entertainers’ that Bollywood churns out with alarming regularity. These films follow the same commandments, so watching one is like watching the other, and their reviews are no different, writes Shilpa Jamkhandikar. Full Article