Last week, I called the repairman of my home AC as the cooling in my bedroom the night before did not seem comfortable. After finishing his job, I offered him a glass of water and a piece of cake. As he wiped his sweat, sipping water slowly, I enquired about his home. Living in a single room rented tenement of 150 sq. ft. in Sangam Vihar colony with his wife and two young kids, he barely smiled.
TK Arun A distribution of power among country groups facilitates global growth far more than concentrated power in one or two hegemons There likely is no US debt ceiling crisis in the offing. Wrangling between Democrats and Republicans over expenditure…
Harsh V. Pant Japan hosted the G-7 summit meeting last week in Hiroshima where India was a special invitee along with Australia, India, Brazil, South Korea, Vietnam, Indonesia, Comoros (representing the African Union), and the Cook Islands (representing the Pacific…
None of the arguments that the RBI has given to justify the demonetisation move are valid.
In a sudden though not unexpected move, currency notes of the denomination Rs 2,000 are being withdrawn from circulation. This is announced via a notification released by the Reserve Bank of India and not the government (as at the time of demonetisation). These notes are not being withdrawn from circulation, but actually, they will stop circulating right away given that they will have to be deposited in a bank or exchanged for lower denomination notes.
Urban Karnataka predominantly voted for BJP, surpassing Congress. The BJP polled 45.7% votes, whereas Congress got 43.0% in urban Karnataka.