The former RBI governor said developing economies were in a stronger position to absorb interest rate hikes by the US Fed than during the so-called taper tantrum in 2013.
Despite India's state-run banks being in a rundown condition, the country's rich private banks are keeping investors' belief alive in the Indian economy.
The charge against Manmohan Singh, always, was that he was weak. Unwilling to shoo away encroachers on his authority and shy of defending his own policies.
From Mughal ports to Dutch wars to Bombay’s merchant dynasties, Gujarati Muslims once shaped the Indian Ocean world — long before one of their descendants took New York.
While main elements behind terror module have been nabbed, more arrests will take place, including some professors & academicians who were part of the ring, it is learnt.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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