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NADIR IN UDF POLITICS: OOMMEN CHANDY’S RELIEF ONLY TEMPORARY

SMOULDERING CONGRESS EMBERS MAY LEAP TO FLAME ANY TIME

By P. Sreekumaran

THIRUVANANTHAPURAM: Kerala Chief Minister Oommen Chandy has survived a scare. Thus reads the headline in a prominent English daily. But has he really weathered the political storm?

Significant straws in the wind proclaim, loud and clear, that he has not. True, he has managed to secure short-term legal relief. But the price, both in political and electoral terms, the Congress and the party-led United Democratic Front (UDF) Government may be called upon to pay will be prohibitively high. That is for sure.

As for the UDF politics, it is stinking to the high heavens. It cannot get any worse than this. The only question is: how long can a thoroughly discredited Government brazen it out?

The legal relief for Chandy and Power Minister Aryadan Mohammed has

Yahoo Makes Over Mobile App, Home Page in the U.S.

Yahoo Makes Over Mobile App, Home Page in the U.S. Google long ago overshadowed Yahoo, but the company is still working to acquire and retain new users to its network of sites. To that end, Yahoo has just updated its mobile app and home page in the United States. Simply stated, Yahoo is giving prominence to news, content and video on its home page. Viewers will see […]

Saudi to further ease investment

Saudi Arabia may further ease restrictions on foreign ownership in the economy and overhaul one of the world’s most restrictive visa systems as the kingdom seeks to draw investors to help reduce its reliance on oil exports. The world’s biggest oil exporter is considering allowing foreigners to own 100 percent of a company in at least four more industries, Mohanud Helal, secretary general of the Economic Cities […]

INDO-CHINA BILATERAL TRADE TO GO UP

NATHU LA NEW OUTPOST OF COMMERCE

By Ashis Biswas

While investors and business circles grumble over the tardy pace of growth in Indo-China bilateral trade through the Nathu La Himalayan outpost, Beijing is apparently not too keen to launch any export promotion initiative just yet. In the context of India’s large trade deficit vis-à-vis China, the reverse trend at Nathu La, where China imports far more from India than it exports, strikes most observers as an oddity.

In statistical terms, the volume of trade has increased considerably. In 2006, when movement between the two countries was resumed linking Sherathang, Nathu La in Sikkim with Rinqinjing, once part of the Tibet autonomous area(TAR)which is currently Southwest China, there was a trade turnover of Rs 20 lakh only !And there was nil import from China that year.

However, by Jan 2015,

START-UP INDIA’S FOUNDATIONAL SCAM

WHY TAX/GREEN BREAK FOR INDIA’S RICH?

By Garga Chatterjee

On 16th January, with much fanfare, the Union government announced its “Start-up India” scheme. On attendance were big people, big enough not to deserve any income tax break in their next seven lives. But this is precisely what the Government of India (GoI) has offered – an income tax exemption for first three years of a “start-up”. There will also be tax exemption on capital gains. After all its fake environment-love recently in Paris, this GoI scheme has also offered a three-year exemption on environment law compliance! Entities will only need to self-certify! In the name of “start-up”, exactly what anti-environment, anti-labour racket are we starting up here? This will also be true for labour law and working condition compliance (including payment of wages and benefits to staff). Shamelessly, this whole sch

Facebook shares soar as mobile drives big jump in ad sales

A 3D plastic cut-out of the Facebook logo is seen in this illustration in Zenica, Bosnia and Herzegovina, May 13, 2015. Reuters/Dado Ruvic Facebook Inc (FB.O) smashed investors’ expectations with a 52-percent jump in quarterly revenue as it sold more ads targeted at a fast-growing number of mobile users, sending its shares sharply higher after hours. The world’s biggest online social network bucked the trend of underwhelming […]

Saudi will not de-peg or devalue riyal

|By Matein Khalid| The collapse in Brent crude oil below $30, a 20% fall in the Tadawul share index in January 2016’s global equity bloodbath, the cut in fuel subsidies and geopolitical risk escalation in the Middle East has spawned speculation in financial markets that Saudi Arabia will devalue the kingdom’s riyal, now pegged at 3.75 against the US dollar. Senior princes of the royal family and […]

New Chrome for iOS Is Now Faster and More Stable

Thanks to Apple’s introduction of the WKWebView rendering engine beginning with the iOS 8 version of its mobile operating system, Google said it has been able to update its Chrome Web browser so it can perform far better on iPhones and iPads. Rolling out today, version 48 of Google Chrome for iOS is faster, more responsive and far more stable than previous generations of the browser, according […]

Wendy's Investigating Possible POS Data Breach

The trend of cyberattackers targeting retail and fast-food chains is continuing in 2016. Nationwide fast-food chain Wendy’s is the latest to announce it is investigating a possible credit card breach stemming from its POS (point-of-sale) system. “Reports indicate fraudulent charges may have occurred elsewhere after payment cards were legitimately used at some restaurants,” Wendy’s spokesman Bob Bertini told Reuters. “Until this investigation is completed, it is difficult […]

NO THREAT FROM DHAKA-MOSCOW NUCLEAR BONHOMIE

ENERGY-HUNGRY BANGLADESH SAW DECADES-LONG WAIT

By Ashis Biswas

KOLKATA: Diplomacy may have won the day for Russia more than financial/technological reasons, in bagging the order to build two nuclear power generating stations in Bangladesh by 2022-23.

This would enable Bangladesh to become the third country in South Asia to generate nuke power, after India and Pakistan. However, Sri Lanka could join the list soon according to present indications.

A proposal to build nuclear power plants in East Pakistan had been put forward as early as 1961 and approved in 1963, according to open source information. Therefore, neither Awami League (AL) leader Sheikh Hasina, nor Bangladesh Nationalist Party (BNP) leader Khaleda Zia, can be rightfully accused of harbouring illusions of grandeur in going nuclear. Bangladesh has pledged to observe non-proliferati

Saudi brave face: no spending cuts

The world’s biggest oil producer is spending as much now as it did before the crash in crude prices, signaling no surrender in Saudi Arabia’s battle with rivals. Saudi Arabian Oil Co. is maintaining investment in oil and natural gas projects and has formulated a new strategy in response to cheaper crude as it studies options to sell shares in its parent company and downstream refining and chemical […]

Millennials and their employers: Can this relationship be saved?

UAE. Businesses must adjust how they nurture loyalty among Millennials or risk losing a large percentage of their workforces, according to Deloitte’s fifth annual  Millennial Survey. Forty-four percent of Millennials say, if given the choice, they expect to leave their current employers in the next two years. That figure increases to 66 percent when the time frame is extended to 2020. The findings were revealed through a […]

GCC salaries to be less buoyant than in 2015, says Hays report

UAE. UAE. Hays GCC 2016 Salary & Employment Report, published today by recruiting experts Hays, found that 49 per cent of employers feel positive about 2016 compared to a higher 69 per cent who felt the same in 2015. The survey, which was completed by over 2,400 employees and 200 employers, forecasts mixed fortunes for job candidates and salaries over the next 12 months. In 2015, 48 […]

HINDU RIGHT DROVE ROHITH VEMULA TO SUICIDE

FATAL ANTI-DALIT BIAS OF MODI’S MINISTERS

By Amulya Ganguli

In a voice choked with (feigned?) emotion, Narendra Modi told the Ambedkar University convocation last Friday that Rohith Vemula was forced to take his own life. But he did not specify who forced the Dalit student although the prime minister knew that the “culprits” were in his cabinet. Moreover, they are likely to continue in their posts despite their guilt – unless they are booked for the abetment of suicide.

The two “guilty” ministers, however, must be wondering what they did wrong. After all, when labour minister Bandaru Dattatreya shot off a letter to the “high school girl” – SmritiIrani has studied only up to Class XII – in the human resource development ministry, complaining about how Hyderabad University has become a “den of casteism, extremism and anti-national politics”

Will oil prices rebound in 2016?

INTERNATIONAL. Oilprice.com recently spoke with Carl Larry, Director of Oil and Gas at Frost & Sullivan, a consultancy that conducts research on oil and gas markets, to get his thoughts on the state of oil in 2016. Oilprice.com: I saw that you were on Bloomberg in December, and you said that you thought oil would go to the low $30s per barrel, which was a good call […]

Five Things Star Wars Can Teach Us About Cars

With Star Wars: The Force Awakens being the biggest in the series, it’s gotten me thinking about the influence of this incredible franchise on our lives. It defined a movie genre, of course, and no doubt inspired many a young kid to want to become a pilot or astronaut (me included, even if NASA still won’t return my calls). And just think how many cultural references we have […]

Is Apple Getting Ready for Virtual Reality?

Compared to rival tech companies like Google and Facebook, Apple doesn’t say much publicly about its virtual-reality ambitions. Occasionally, though, the company’s aspirations are revealed through a business acquisition or a new hire. This time, speculation is being fueled by Apple’s recently revealed hiring of Doug A. Bowman, a leading VR researcher who has until now been director of Virginia Tech’s Center for Human Computer Interaction. Bowman’s […]

Lioness captured after three-hour prowl in Dubai’s Al Barsha

DUBAI // A young lioness that escaped from her owner is believed to have roamed the streets for more than three hours before she was captured by a team of Dubai Municipality animal welfare officers. Dubai Police said they received reports of the lioness prowling the streets of Al Barsha neighbourhood, one of the newer residential developments on the city’s west side, at about 7pm on Thurday. […]

Opec split shows at Davos

Less than two months after OPEC nations sparred over oil policy in Vienna, they resumed the debate at Davos. Nigeria’s oil minister, speaking on a panel at the World Economic Forum in the Swiss resort, said the Organization of Petroleum Exporting Countries needs to meet soon as crashing prices force the group to reconsider its current laissez-faire policy. Saudi Arabia, represented by the chairman of its national […]

Iran eyes $50b investment annually

The removal of sanctions on Iran may trigger at least $50 billion a year in foreign investment to finance a rebound in an economy hit by the oil slump, the country’s central bank governor said. “Our country can absorb a great deal of foreign investment, considering its potential,” Valiollah Seif said in an interview Wednesday at his office in Tehran, days after the trade and financial curbs […]

Saudi Arabia cracks down on riyal speculation

Pressured by plunging oil prices and costly wars in the Middle East, Saudi Arabia moved to stamp out speculation that it might be forced to break the link between its currency and the dollar. Authorities this week ordered banks to limit traders’ ability to bet against against the riyal, whose peg to the dollar has been a bulwark of the kingdom’s economic and financial stability since its […]

Davos jittery over Trump, oil, China

As the chattering chieftains of the global economy gather this week in Davos, Switzerland, they’re facing the darkest outlook since the financial crisis tipped the world into recession seven years ago. The Chinese slowdown and accompanying slide in the yuan are imperiling already sluggish international growth, oil is trading at its lowest level in more than a decade, stocks have suffered their worst January ever, and the […]

‘Faster’ correction in Dubai real estate forecast

|By Arabian Post Staff| A leading player in the Dubai real estate market has predicted a correction in the rental market at a rate faster than expected in 2016 as thousands of new apartments and villas enter the new supplies. Real estate consultancy JLL predicted that average housing rents in the city would continue to fall by as much as 10 per cent over the coming 12 […]

Oil at $20 looks a lot more realistic

|By Arabian Post Staff| The prospects of $20 for a barrel of oil look a lot more realistic now than ever before as crude futures in the US dipped below $30 this week. According to Bloomberg, crude futures in the U.S. sank into the $20s for the first time in more than 12 years on Tuesday, hours after BP said it would slash an additional 4,000 jobs, Petroleo […]