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Indian economy is like an elephant. It is robust, but wobbles. It moves, but slowly. Even if it gets sick, it is strong in fundamentals. The ‘Economist’ said “Despite a tumbling currency, India’s economy has got more stable in the past year”. Goldman Sachs’s India chief Mr Sanjoy Chatterjee was assertive on India’s strength to handle the Rupee volatility. Rating agency Fitch revised India’s outlook stable from negative on measures taken by the government to contain fiscal deficit. Japan Credit Rating updates India with BBB+.

Amidst charges of corruption, political backstabbing and constant publicity hawking for wrong reasons, the performance of at least one department of the UPA government stands out and also staying clear of all controversies so far. It is the ministry for new and renewable energy, leading the charge of the country’s clean and green energy and holding future of the energy starved nation. It is also the leanest of Dr Manmohan Singh’s ministries.

New Delhi: After the ceremonial completion of renovation of the historic Humayun tomb complex in Delhi, Aga Khan IV - Prince Shah Karim Al Husseini is slated to leave for Hyderabad on Friday as his Foundation has taken up the renovation of Qutb Shahi tomb complex in the historic city.

New Delhi: Haj pilgrims from India will have to pay an additional Rs.20,000 this year primarily due to the steep depreciation of the Indian rupee. Added to this is the steep hike in accommodation and travel costs.

As world rankings of universities are being discussed, we are back to that sad truth. No university in the subcontinent figures in the top 200 universities in the world. However, one would not realise this when one looks at the cocksureness and pomposity of desi academics in the subcontinent. There is a Bengali idiom called ‘bon gaye sheyal raja,’ which means that in a far-way forested village, even a fox can be king. Such is the state of affairs around us.

Global financial markets rallied to new highs on September 18, with investors surprised by the Federal Reserve’s decision to defer a widely expected unwinding of its monetary stimulus, which was set to begin in September/October, until it could see stronger data on US economic recovery and jobs. The Fed will continue with its current assets purchase programme totalling 85 billion dollars a month which, by keeping market interest rates low, provides support to the broader economy.

New Delhi: India signed an agreement for avoidance of double taxation and prevention of fiscal evasion with the third Baltic country, Latvia here on Wednesday.

BHOPAL: There is no doubt that that appointment of Jyotiraditya Scindia as the chief of Madhya Pradesh Congress campaign committee and his subsequent plunge into electioneering has become a cause for concern for the leadership of the Bharatiya Janata Party in the state.

Even as political parties, national and regional, are biding their time for designing electoral strategies, with no immediate dissolution of Lok Sabha in sight, the Congress-led UPA is now faced with a frontal challenge from BJP with its nomination of an aggressively poised Narendra Modi as its prime ministerial candidate.

New Delhi: A Chinese think tank is not pleased with India’s presence in Afghanistan. It has alleged that US has been promoting India to play a greater role in Afghanistan which would eventually amount to an “Indian takeover” of the war-ravaged country in the event of slated withdrawal of NATO forces in 2014.