Prime Minister Narendra Modi addresses the nation from the historic Red Fort during Independence Day celebrations in Delhi August 15, 2014. REUTERS/Ahmad Masood

Modi plans bank account for every household

Prime Minister Narendra Modi will promise on Thursday to provide a bank account for every Indian household when he launches a major initiative that could save billions of dollars in welfare spending and help mend strained state finances.  Full Article 

Sensex, Nifty mark record closing high on Euro zone stimulus talk 27 Aug 2014

MUMBAI - The BSE Sensex and Nifty rose on Wednesday to record closing highs as expectations of further monetary stimulus in the Euro zone raised hopes of continued foreign inflows, lifting blue-chips such as ICICI Bank Ltd.

England's Ben Stokes jumps off the ground after attempting to stop the ball as Suresh Raina holds his hand up during the second one-day international cricket match at the SWALEC stadium in Cardiff August 27, 2014.  REUTERS/Philip Brown

Raina lashes down as India thrash England

Suresh Raina helped India claim first blood in the one-day international series against England, hitting an impressive century in the tourists' rain-affected 133-run victory in Cardiff.  Full Article 

Narendra Modi speaks with Rajnath Singh in New Delhi April 7, 2014. REUTERS/Anindito Mukherjee/Files

PM slams whispering campaign against Rajnath

PM Modi denied reports that the son of a top minister was involved in influence peddling, seeking to staunch the type of corruption allegations that sent the last government to election defeat. Modi's office issued the rebuttal shortly after Home Minister Rajnath Singh gave a statement to the media, saying he would quit public life if reports in recent days about his adult son proved to be true.  Article 

A miner stands at the Gevra coalmines in Chhattisgarh, Asia's largest opencast coalmine, November 21, 2009. REUTERS/Rupak De Chowdhuri/Files
Coal Allocations

India's coal crunch - a chance to revamp, revive

A Supreme Court ruling this week that India's decades-old method of granting coal mining concessions is illegal could herald much-needed reforms in a sector long dogged by the inability of state-run Coal India to raise output fast enough.  Full Article | Video 

Ukraine's President Petro Poroshenko (front), Russia's President Vladimir Putin (R) and Foreign Minister Sergei Lavrov attend a meeting with high-ranked officials representing Russia, Belarus, Kazakhstan, Ukraine and the European Union in Minsk, August 26, 2014. REUTERS/Mykola Lazarenko/Ukrainian Presidential Press Service/Handout

Ukraine says Russia makes new incursion

Ukraine accused Russian forces of launching a new military incursion across its border, a day after the leaders of both countries agreed to work towards ending a separatist war.  Full Article 

A Palestinian woman dries her clothes outside her house, which witnesses said was destroyed in an Israeli offensive, after a ceasefire was declared, in the east of Khan Younis in the southern Gaza Strip August 27, 2014. REUTERS/Ibraheem Abu Mustafa
Gaza Conflict

Truce holding but Netanyahu under fire at home

An open-ended ceasefire in the Gaza war held on Wednesday as PM Netanyahu faced strong criticism in Israel over a costly conflict with Palestinian militants in which no clear victor emerged.  Full Article 

Pakistan's Prime Minister Nawaz Sharif speaks during a news conference at the Prime Minister's residence in Islamabad August 20, 2013. REUTERS/Mian Khursheed/Files

Pakistan PM resolved to ride out protests crisis

Pakistani Prime Minister Nawaz Sharif told parliament he would not be cowed by thousands of demonstrators camped outside the assembly demanding his resignation. Protesters led by cricketer-turned-politician Imran Khan and firebrand cleric Tahir ul-Qadri have rallied in Islamabad for almost two weeks and vowed to occupy the capital until Sharif resigns - a demand the premier has firmly rejected.  Full Article 

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Andy Mukherjee

Supreme Court order adds urgency to India’s coal crunch

The two-decades-old practice of selectively allocating mines to metal, cement and power producers is illegal, the court ruled. The judges have not yet decided what punishment to hand out. But investors are prepared for the worst, and for good reason: two years ago, the court cancelled the underpriced sale of telecom spectrum, quashing all 122 licenses in one go.  Full Article 

McLaren Mercedes team members dump buckets of ice water onto Formula One driver Lewis Hamilton of Britain as he takes part in the "Ice Bucket Challenge" after the first practice session at the Belgian F1 Grand Prix in Spa-Francorchamps August 22, 2014. REUTERS/Stringer

Roche’s $8 billion bet outsmarts ice-bucket challenge

Dumping cold water on heads, the social-media phenomenon now boosting research on amyotrophic lateral sclerosis (ALS), is a great way to raise charitable cash. But the drug made by Roche’s target, InterMune, treats an obscure yet equally fatal disease with more sufferers.  Full Article 

Prime Minister Narendra Modi waves as he leaves after the commissioning ceremony of warship, INS Kolkata at a naval base in Mumbai August 16, 2014. REUTERS/Danish Siddiqui

Asia’s top-down corporate reforms vary in promise

Asia is in the throes of a top-down corporate reform drive. Newish leaders in China, India, South Korea and Japan are pushing to overhaul the way companies work. But investors eyeing better returns will find not all reforms are equal. India has failed over the years to revive its tired state-owned enterprises despite selling off minority stakes in companies.  Full Article 

D H Pai Panandiker

Why inflation is so persistent

Inflation has been high for nearly four years and has not responded to RBI or government policies. This is because the kind of inflation that we have is of an unusual variety and cannot be checked by conventional means. Two types of food are critically important. If production of vegetables and milk increases to catch up with demand, food inflation will drop by two percentage points.  Full Article