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Indians keep faith with Modi, best hope for economy - poll

NEW DELHI - More than 70 percent of Indians are satisfied with the leadership of Prime Minister Narendra Modi since he took office nearly three months ago, an opinion poll showed, seeing in him the best hope to put the economy back on track.

Arvind Subramanian likely to be chief econ adviser 12:14pm IST

NEW DELHI - U.S.-based economist Arvind Subramanian is poised to be named as chief economic adviser to Prime Minister Narendra Modi's government, two sources at the finance ministry said on Friday.

Rupee notes of different denominations are seen in this picture illustration taken in Mumbai April 30, 2012. REUTERS/Vivek Prakash/Files
Banking

Stricter limits likely on bank loans to corporates

The Reserve Bank of India (RBI) plans to impose stricter limits on how much a bank can lend to a single corporate group, a move aimed at curbing risk in the banking sector at a time when bad loans are on the rise.  Full Article 

First ever photographs of Taj Mahal on display

First ever photographs of Taj Mahal on display

From the first pictures of the Taj Mahal to the 'Hairy family of Burma', a new exhibition in India’s capital showcases some of the earliest photographs from South Asia, taken between 1850 and 1910. Around 250 images from India, Sri Lanka, Myanmar and Nepal are on display at the “Drawn from Light: Early Photography and the Indian Sub-continent” exhibition.  Full Article 

The remains of victims of the Malaysia Airlines flight MH17 disaster are carried during a repatriation ceremony at the Bunga Raya complex of KLIA airport in Sepang August 22, 2014. REUTERS/Olivia Harris
Asia

Bodies of MH17 victims arrive in Malaysia

People across Malaysia held a minute's silence and wore black on Friday as the Southeast Asian country observed a day of mourning to mark the return of the first 20 bodies among its citizens killed when a jetliner was downed last month.  Full Article 

The Apple logo is pictured inside the newly opened Omotesando Apple store at a shopping district in Tokyo June 26, 2014. REUTERS/Yuya Shino/Files

Snag in Apple iPhone 6 screen production

Suppliers to Apple Inc are scrambling to get enough screens ready for the new iPhone 6 smartphone as the need to redesign a key component disrupted panel production ahead of next month's expected launch, supply chain sources said. It's unclear whether the hiccup could delay the launch or limit the number of phones initially available to consumers, the sources said.  Full Article 

Fox kicks off "Simpsons" mega marathon

Fox kicks off "Simpsons" mega marathon

It's a "Simpsons" mega marathon. To mark the show's 25th season, Fox is airing all 552 episodes starting August 21. Fans will get a hefty dose of humour with all episodes airing in a 278-hour stretch.  Video 

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Views and Expert Opinion with Sankalp Phartiyal
    Anatole Kaletsky

    A market roller-coaster is due – just not yet

    In the not-too-distant future, investors are certain to suffer some big and painful losses - even if I am right in expecting equity prices to continue rising in the long term. What kind of event is most likely to end this bull run, or at least interrupt it with a setback of 20 percent or more? The answer is a major economic crisis. Another possible trigger would be a substantial interest rate increase.  Commentary 

    Anatomy of an air strike: Three intelligence streams working in concert

    Anatomy of an air strike: Three intelligence streams working in concert

    In a fast-moving war with an elusive foe like the Islamic State militants, information is as important as guns, jet fighters and bombs. U.S. spies, eavesdroppers and airstrike controllers now have a lot of work to do together to catch up to the situation on the ground in northern Iraq, writes David Axe and Robert Beckhusen of Medium.com.  Commentary 

    OPINION

    Did America’s policy on ransom contribute to James Foley’s killing?

    Did U.S. policy on ransom contribute to Foley’s killing?

    James Foley’s execution is a wake-up call for U.S. and European policymakers, as well as U.S. news outlets and aid groups. It shows how different responses to kidnappings by U.S. and Europe save European hostages but can doom the Americans.  Full Article 

    Deepak Yohannan

    Long-term motor insurance might work

    The insurance regulator has allowed three-year insurance policies for two-wheelers. The good part for consumers is that premiums would not change within the three years. Insurance companies on their part would be happy as the claims in this segment are not too high. If the move is successful, we may even see four-wheeler insurance being offered for a longer duration.  Opinion 

    SCOTTISH REFERENDUM

    What’s Scotland’s problem with a United Kingdom?

    What’s Scotland’s problem with a United Kingdom?

    Though Scotland remains a great creator of myths about itself, it has strained to make a case that it has suffered much under English domination. In the late 1990s, it hooked itself to the Braveheart phenomenon – the surge of anti-English nationalism unleashed by Mel Gibson’s piece of adolescent fantasy – but even nationalists are now embarrassed by that.  Article 

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