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There was a time when life used to be really simple, that is, in the financial sector. There would be two credit policy announcements: one for the busy season and another for the slack season, in rhythm with the agricultural seasons. Interest rates were fixed for the banks, for depositors and even for the government. At that is gone and now the interest is the king.

Telugu Desam Party supremo Chandrababu Naidu is desperate to become relevant both at the national level as well as in Andhra Pradesh — going by his recent moves. Remembering his golden period in the late nineties, Naidu is determined to become at least a king maker if not king after the 2014 polls.

WASHINGTON DC – Emotionally disturbed over the fresh Pakistani terrorist attack on India’s security forces and killings in Kashmir, Prime Minister Manmohan Singh arrived here today, his 81st birthday, with a resolve that his proposed peace and cooperation talks with Pakistan Prime Minister Nawaz Shariff on the UN sidelines scheduled for September 29 would not allowed to be dictated, let alone be sabotaged, by anti-peace elements across the border.

New Delhi: The Raghuram Rajan panel has sought to set aside the dispute amongst several contending states over grant of Special Category status by evolving a Multi Dimensional Index (MDI) of backwardness based on per capita consumption as measured by the NSSO, the poverty ratio, and a number of other measures which correspond to the multi dimensional approach to defining poverty outlined in the Twelfth Plan document.

ON BOARD AI 001: The United Progressive Alliance (UPA) government is finally prepared to have an open dialogue with Pakistan on all issues for a lasting peace in the region. The lately confirmed meeting between Prime Minister Manmohan Singh and Pakistan Premier Nawaz Shariff on the sidelines of the United Nations General Assembly (UNGA) meet later this week is expected to mark the first major step towards a comprehensive dialogue.

New Delhi: The Indian Prime Minister Dr Manmohan Singh is like to invite his Bangladesh counterpart Sheikh Hasina to India when he is scheduled to meet her at the sidelines of the meeting of the UN General Assembly in New York on September 28.

The maiden monetary policy review by the celebrated economist and new Governor of the Reserve Bank of India (RBI) Raghuram G Rajan has turned out to be a mixed bag. India Inc. predictably inveighed against his unexpected move to hike the benchmark repo rate by 0.25 percentage points with immediate effect to keep ‘worrisome’ inflation under leash but which had the markets tumbling down.

Union government has yet again given its critic a chance to dub it the patron of corrupt and criminals. When there is a clamor in the country to make our polity and political process free from criminals, it has decided to promulgate an Ordinance, which negates a July 10 judgment of the Supreme Court to debar a convicted lawmaker from contesting election and allowing his membership of the legislative body to end automatically after conviction.

New Delhi: The Indian Prime Minister Dr Manmohan Singh is likely to discuss bilateral cooperation in defence sector with the US President Barack H Obama when he is scheduled to meet him on September 27.

The Bharatiya Janata Party has committed a historic blunder by allowing the Rashtriya Swayamsevak Sangh—a secretive, conspiratorial, unelected body with a deeply sectarian anti-democratic agenda—to dictate the choice of its prime ministerial candidate for the next election. It’s no surprise that the candidate is India’s vilest and most hated political figure, who has blood on his hands, pure aggression in his veins, and a slavishly pro-corporate agenda in his heart.