By P. Sreekumaran THIRUVANANTHAPURAM: The crisis plaguing the Congress in Kerala over the Shashi Tharoor issue has deepened with the Kerala Pradesh Congress Committee, demanding in an un precedented move, ‘appropriate action’ against the high-profile MP from Thiruvananthapuram, for his frequent praise of Prime Minister Narendra Modi. Although the KPCC report has demanded appropriate action against Tharoor, it has not specified the kind of action it […]
By Kalyani Shankar Will the ensuing Assembly polls to Haryana and Maharashtra be seen as a referendum on the new Modi government? No doubt stakes are high for both Prime Minister Narendra Modi who feels on the top of the world after his landslide victory and congress President Sonia Gandhi, who is suffering from the most humiliating defeat in the recent Lok Sabha polls. It is […]
By Nora Chopra While Narendra Modi has already held a number of rallies, the central leadership of the Congress is missing from action in both the states of Haryana and Maharashtra. Rahul began his campaign in Maharashtra on 8 October in Mahad in Raigad district and the second rally Ausa in Latur district. With these two rallies he has covered Konkan and Marathwada. He is supposed to […]
By Raju Kumar BHOPAL: Madhya Pradesh has joined the club of leading agricultural states because of its excellent performance in agricultural production. It has got awarded for it at national level. Three years ago the Centre had instituted Krishi Karman Award. MP has won this prize twice and it is likely to win it third time, because it has found place in the list of states […]
|By TAP Staff| The herd mentality on the UAE stock market is once again visible, with a flurry of new stock listings that could scupper the market’s nascent revival. Prospective companies do not seem to be in a mood to wait and want to go to the market ahead of others. The first IPO in five years came when Emaar Malls Group floated an issue and attracted […]
By Nantoo Banerjee Believe it or not, the half-a-million-employee-strong postal department of the government of India faces the biggest threat to its 150-odd years’ existence from no other than the world’s largest courier conglomerate, Deutsche Post AG, a $55-billion German behemoth. Already a victim of governmental apathy and the Narasimha Rao-Manmohan Singh-led 1991-92 reform that led to a massive overhaul of the then departments of posts […]
By G. Srinivasan The inexorable humid weather in the capital in the festive month of October has robbed the exuberant moments of celebrations, even as the weather patterns across the country seem to be swinging in extremes. India and other developing countries may continue to be in a denial mood that weather-related aberrations are not directly due to the broad climate change that is sweeping the universe […]
From Pradeep Kapoor LUCKNOW: In the name of memorial for late Prime Minister Charan Singh, various political parties are coming together to face the challenge from BJP in Uttar Pradesh. Much significance is being attached to Meerut rally on October 12 when Samajwadi party national president Mulayam Singh Yadav and his chief minister son Akhilesh Yadav and JD President Sharad Yadav could share same platform. […]
Video | Fighting Rages in Syrian Border Town President Recep Tayyip Erdogan of Turkey warned that the Syrian border town of Kobani might fall to Islamist militants as fighting intensified between Kurdish rebels and Islamic State fighters. By KARAM SHOUMALI and ANNE BARNARD October 7, 2014 MURSITPINAR, Turkey — President Recep Tayyip Erdogan of Turkey said Tuesday that the Syrian border town of Kobani, under siege from Islamic State fighters, was […]
By S. Sethuraman The world economy is yet to make a full exit of the 2008 financial crisis and its recessionary aftermath, so that growth prospects for 2014, the sixth year, have had to be revised down, with the disappointing and uneven recovery, mainly among advanced nations. And geopolitical tensions in Eastern Europe and the Middle East, with limited impact so far, may hold greater risks […]
| By TAP Staff| A mismatch between buyer and seller expectations is attributed to be one of the main reasons for the signs 0f Dubai property market levelling off, according to analysts. The “over-exuberance” seen in recent months is clearly losing steam and this by itself should ensure that the market does not head towards the traditional crash. The annual price growth in the Dubai property market […]
By Nora Chopra There is a saying that great men think alike so does Rahul Gandhi and Narendra Modi and his man Friday Amit Sharma. Rahul who is all set to take over from his mother the reins of the Congress Party does not want to have any pre poll alliance. He wants to start from scratch and go alone so that the Congress base which it […]
UAE. A working paper by the International Monetary Fund (IMF) has called for the countries of the GCC to create a dynamic non-oil tradable sector to support sustainable growth. The paper ‘Soaring of the Gulf Falcons: Diversification in the GCC Oil Exporters in Seven Propositions’, authored by Reda Cherif and Fuad Hasanov, says this strategy should be implemented right away, even for the richest GCC countries. Charles […]
SAUDI ARABIA. Jadwa Investment, the Saudi asset manager focused on Sharia’ah compliant mutual and private equity funds, has just issued its Quarterly Global Oil Market Update (Q3 2014). Summary of the report · The combination of accelerating US supply, weaker than expected global demand, stabilization in geopolitics, and an appreciation of the dollar, led to oil prices dropping by 7.3 percent in Q3 2014, to an average of […]
ABU DHABI // Concerns about the UAE’s food security should not be believed, according to the chief executive of a food retail company. Wisal Ahmed, who heads the Alam Group, which owns the eponymous supermarkets, said the country had sufficient resources to take care of any unforeseen circumstances, whether man-made or natural. A UK-based research centre, Chatham House, published a report in November last year in which […]
The planned merger of the United Arab Emirates’ two main stock exchanges, home to the second-best performing share gauge in the world, will take more time to complete, according to a Dubai government official. “It’s still on the table,” Mohammed Al Shaibani, chief executive officer of Investment Corp. of Dubai, the emirate’s main state-owned holding company, said in an interview today at a Dubai conference. “We were […]
Regal position: escorting the Queen to Ladies Day at Royal Ascot Photo: Rex Features Forget Downton Abbey and Upstairs Downstairs. This week, we have had a glimpse behind the scenes of a real-life royal household, with the news that The Queen has been advertising for someone to remove chewing gum from the floors and furniture at Holyrood House. Her Majesty’s chosen cleaner must be available to prise pink […]
By Kalyani Shankar While there could be debate about the success of Prime Minister Narendra Modi’s five day visit to the US this week, there can be no doubt that he had conquered the 3 million strong Indian American community. The Madison square garden rock show on Sunday was a shining example to prove this. Although his meeting with the US President Obama was spent on substantive […]
By Subrata Majumder At the time when India unveiled its much hyped “Make in India” dream of Prime Minister Narendra Modi, China silently unleashed its “Made in China” programme to re-build its manufacturing hub. “Make in India” and “Made in China” sound similar in their perspectives. But, conceptually they are different. While “Make in India” was a call to establish world’s biggest manufacturing hub and increase share […]
By P. Sreekumaran THIRUVANANTHAPURAM: The cohesion of the Congress-led United Democratic Front (UDF) has been severely dented with the Kerala Congress (M) openly hinting at the possibility of the party having tie-ups with ‘like-minded’ parties outside the UDF. The KC(M)’s latest warning came in an interview party president and Finance Minister K. M. Mani gave to a TV channel. In the interview, Mani said that the […]
Nicolas Parasie for The Wall Street Journal In the past six months, the United Arab Emirates’ official credit bureau has ramped up its efforts to procure information: it collected two years of financial records for every single retail customer of each financial institution in the country. That process involved digesting some 100 million transactions, half of which are now fully uploaded into the bureau’s data vault. Marwan […]
Gulf banks are feeling the pinch of rapidly shrinking corporate loan margins, with some predicting a bounce in lending rates as soon as the first half of 2015 as the escalating price war bites into profitability. Lenders are being forced to cut rates and loosen lending terms to secure business as local banks, flush with cash as their balance sheets recover from the global financial crisis, seek […]
By S. Sethuraman The Reserve Bank of India’s Fourth Bi-Monthly Monetary Policy Statement on September 30 does not offer any hint of monetary easing in the near future, again citing risks to lowering at present the policy lending repo rate from 8 per cent it has maintained since April, in the current fiscal year. This leaves all other policy rates and reserve ratios unchanged, (reverse […]
By Nantoo Banerjee Barely hours after Pakistan Prime Minister Nawaj Sharif harped before the world audience on its over-six-decade-old position, long discarded by India as ‘unacceptable’ and held ‘impractical’ by most nations deeply interested in peace in the region, that Kashmiris be allowed the right to ‘self-determination’ to decide whether or not to remain part of India, visiting Indian private channels were rushing to Pakistan’s National Security […]
