[Indian Current Affairs:660] Current affairs briefing for 30th October, 2008

Hi friends,

Back after a long Diwali holiday.  Hope you enjoyed your Diwali.  Here we go with our link for today:

http://indiancurrentaffairs.blogspot.com/2008/10/30102008.html

In today's briefing:

1.  Take a look at the global action on tackling the financial crisis. 

2.  Pakistan is facing some real hard times.

3.  Heard of Wavesecure?  It is a nice piece of software.

4.  M$ unveils Windows 7 plans.

5.  Clawback policies gaining currency in these troubled times.

6.  Why are we seeing an increase in the credit card spends?

7.  Should subprime loans be blamed for the present financial crisis?

That's it for today.  Happy reading.

--
Blogs I commend:
http://indiancurrentaffairs.blogspot.com
http://discover-it.blogspot.com
http://quizindia.blogspot.com
http://funnyaffairs.blogspot.com

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[Indian Current Affairs:659] Current affairs briefing for 25th October, 2008

Hi friends,

Here is our link for today:  http://indiancurrentaffairs.blogspot.com/2008/10/25102008.html

In today's briefing:

1.  Mayhem across the global markets continues.

2.  In the process our big business families also lose tons of their wealth.

3.  Some personal advice in hard times like these.  This is just an advice.  You are responsible for your actions; not I.

4.  What are vishis or kuries?

5.  Some sanguine comments on RBI's credit policy from ET editorial.  Very good.

6.  Is the slow down in Indian economy for real?

7.  How can bad regulation increase the cost of doing business?

That's it for today.  Happy reading.

Ramakrishna

--
Blogs I commend:
http://indiancurrentaffairs.blogspot.com
http://discover-it.blogspot.com
http://quizindia.blogspot.com
http://funnyaffairs.blogspot.com

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[Indian Current Affairs:658] Current affairs briefing for 24th October, 2008

Hi friends,

Here goes our link for today:http://indiancurrentaffairs.blogspot.com/2008/10/24102008.html

1.  India set to allow UK legal practitioners to practice in India.

2.  What are the strategies and policy actions that are needed to strengthen manufacturing sector in the current financial turmoil?

3.  Falling crude prices raise hopes of petro price reduction in India.  But are the hopes justified?

4.  Know anything about "True Colours" and Monkeygate? 

That's it for today.  Happy reading.



--
Blogs I commend:
http://indiancurrentaffairs.blogspot.com
http://discover-it.blogspot.com
http://quizindia.blogspot.com
http://funnyaffairs.blogspot.com

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[Indian Current Affairs:657] Current affairs briefing for 23rd October, 2008

Hi friends,

Here is our link for today:  http://indiancurrentaffairs.blogspot.com/2008/10/23102008.html

In today's briefing:

1.  A look at how may of our savings go into our stock markets.

2.  Why are falling stock markets bad for the economy?

3.  How can a depreciating rupee affect our liquidity badly?

4.  Government eases ECB norms to face the liquidity crunch.

5.  We are likely to miss the fiscal and revenue deficit targets; admits the FM.

6.  Titbits about bank deposits and lending figures.

7.  What initiatives has the Government taken to improve the lot of higher education in the country?  What needs to be done to improve the higher education scenario in the country?

That's it for today.  Happy reading.

Ramakrishna

--
Blogs I commend:
http://indiancurrentaffairs.blogspot.com
http://discover-it.blogspot.com
http://quizindia.blogspot.com
http://funnyaffairs.blogspot.com

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[Indian Current Affairs:656] Current affairs briefing for 21st October, 2008

Hi friends,

Here goes our link for today:

http://indiancurrentaffairs.blogspot.com/2008/10/21102008.html

In today's briefing:

1.  RBI reduces the repo rate by 1%.  Repo rate now stands at 8%. 

2.  China slows down and the US contemplates one more stimulus package.

3.  Can you reel off three effects of an exchange rate policy?  I have excerpted this from a very good article for you.  Many a time it so happens that we know all these things, but we fail to articulate them well in times of need.  That's why it does pay to have some recaps like this.

4.  India and Pakistan open the trade route between Srinagar and Muzaffarabad. 

5.  It is very rare for CAGs to keep chatting up with the press.  As our CAG decided to speak to the press, we get a chance to know some developments on the government budgeting methods, audit issues right from horse's mouth.  We take this opportunity to recap concepts like performance budgeting, zero based budgeting, and outcome budgeting. 

That's it for today.  Happy reading.

Ramakrishna

--
Blogs I commend:
http://indiancurrentaffairs.blogspot.com
http://discover-it.blogspot.com
http://quizindia.blogspot.com
http://funnyaffairs.blogspot.com

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[Indian Current Affairs:655] Current affairs briefing for 20th October, 2008

Hi friends,

Here is our link for today:

http://indiancurrentaffairs.blogspot.com/2008/10/20102008.html

In today's briefing:

1.  Indian realty sector appears headed for some deep trouble.

2.  Govt. contemplates relaxation of FDI norms. 

3.  Election Commission announces polling schedule for J&K.

4.  Remember anything about seignorage?  In so far as it relates to RBI.

5.  Language lesson: par for the course.  What does this idiomatic expression mean?

6. Some good stuff that I gathered for you on the current global financial crisis.  In Discover It.

7.  CAG is looking for more teeth.

That's enough for today.  Happy reading.

Ramakrishna

--
Blogs I commend:
http://indiancurrentaffairs.blogspot.com
http://discover-it.blogspot.com
http://quizindia.blogspot.com
http://funnyaffairs.blogspot.com

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[Indian Current Affairs:654] Current affairs briefing for 17th October, 2008

Hi friends,

Here is our link for today: http://indiancurrentaffairs.blogspot.com/2008/10/17102008.html

In today's briefing:

1.  Dramatic headlines today.  Jet recalls its retrenchment decision, even as Air India is reportedly contemplating a voluntary leave scheme for 15000 of its employees.

2.  Ranbaxy promoters are not shown any favour by the SEBI in their block deal effort with Daiichi Sankyo.  They may end up paying Rs. 1000 crore as capital gains tax.

3.  RBI staff will be on strike on October, 21.  Why?

4.  India-Sri Lanka CEPA on the back burner.

5.  An interesting digression: to organic farming and compost making.  Know anything about Indore process? 

6.  Some titbits about Internet crime.

That's it for today.  Happy reading.

Ramakrishna

--
Blogs I commend:
http://indiancurrentaffairs.blogspot.com
http://discover-it.blogspot.com
http://quizindia.blogspot.com
http://funnyaffairs.blogspot.com

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[Indian Current Affairs:653] Current affairs briefing for 16th October, 2008

Hi friends,

Here is our link for today:

http://indiancurrentaffairs.blogspot.com/2008/10/16102008.html

In today's briefing:

1.  Look at the measures unveiled by the RBI and the Government to infuse liquidity and confidence into the Indian financial system.  But it came a little too late in the day to contain the restlessness in the stock markets.  Even as I am writing this to you the Sensex was hovering around 10,100+ today.

2.  A very good graphic that shows how US Fed's bailouts in history created lasting legacies.

3.  Oil touches new 13 month lows in world markets.  This is good news for us.

4.  SEBI looks with a lens at the P-Note stock lending practice.

5.  Jet Airlines fires 1900 employees and invites the wrath of MNS and the Left parties.

6.  Goa is in the news nowadays for the wrong reasons.

7.  Govt. establishes a panel for looking Press Note 1 disputes.

8.  Arvind Adiga wins the Booker for 2008.  He is the fifth Indian to win a Booker.  Remember the others?  And for what?

Happy reading.  Good day.

Ramakrishna

--
Blogs I commend:
http://indiancurrentaffairs.blogspot.com
http://discover-it.blogspot.com
http://quizindia.blogspot.com
http://funnyaffairs.blogspot.com

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[Indian Current Affairs:652] Current affairs briefing for 15th October, 2008

Hi friends,

Here goes our link for today:

http://indiancurrentaffairs.blogspot.com/2008/10/15102008.html

In today's briefing:

1.  Looks like Communism / Socialism is finally winning.  What other inference can you draw from the wholesale government investments happening in the banks in US and Europe?  Laissez faire gone with the wind?

2.  Know anything about golden parachute payments?  Aim to be their recipient in life.

3.  Is the bail out announced by US going to work?  Why will it fail?

4.  How did the Bretton Woods system get crippled?

5.  Let's take a look at DICGC for once.  Because the upper limit for the eligibility is going to be doubled.

6.  It is election time now.  5 states are going to the polls in the next one month.

7.  Is the financial turmoil going to hit the Indian IT sector?  If so, how bad can it get?  What preparedness is required of the IT sector to face the challenge?

8.  Some titbit about the worldwide hedge fund market.

That's it for today.  Happy reading.

Ramakrishna

--
Blogs I commend:
http://indiancurrentaffairs.blogspot.com
http://discover-it.blogspot.com
http://quizindia.blogspot.com
http://funnyaffairs.blogspot.com

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[Indian Current Affairs:651] Current affairs briefing for 14th October, 2008

Hi friends,

Here is our link for today: http://indiancurrentaffairs.blogspot.com/2008/10/14102008.html

In today's briefing:

1.  Paul Krugman wins Economics Nobel.  Can you reel off a couple of his achievements?

2.  The Government, the FM and the PM seem to have succeeded in talking up the markets. 

3.  What is super-leveraging?

4.  Who is the head of the PM's EAC?

5.  Some digression about mobile phones and IMEI.  Worth digressing into.

6.  Pointer to a very good article on asset bubbles.

7.  Yet another pointer: this time about a debate on the current liquidity crisis in the country.  But I have excerpted for you some good points about the pros and cons of having liquidity.  It cannot be too high nor too low; just the right amount.  What is this right amount?  It will depend on your situation.  It is like having salt in your curry; know?

That's it for today.  Happy reading.

Ramakrishna

--
Blogs I commend:
http://indiancurrentaffairs.blogspot.com
http://discover-it.blogspot.com
http://quizindia.blogspot.com
http://funnyaffairs.blogspot.com

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[Indian Current Affairs:650] Current affairs briefing for 13th October, 2008

Hi friends,

Here is our link for today:  http://indiancurrentaffairs.blogspot.com/2008/10/13102008.html

In today's briefing:

1.  What are the reasons for our country facing liquidity constraints?

2.  What is the global liquidity scenario right now and how are the major countries trying to face it?

3.  What are the weapons in RBI's arsenal for facing the current crisis.

4.  Know anything about the New Deal by Franklin D Roosevelt?  It is time we brush up our fundamentals.

5.  Exports to the US face hard times.  Why?  Look at why what I have been saying and writing about could possibly happen.

6.  The top 10 business families of India Inc lost whopping fortunes in the current stock market crash.

7.  An excellent editorial on SEZ referendum.

8.  Mars probe faces funding porblems?

9.  Sainthood conferred on Sister Alphonsa.  India's moment of pride in papal affairs.

That's for it today.  Happy reading.

Ramakrishna

--
Blogs I commend:
http://indiancurrentaffairs.blogspot.com
http://discover-it.blogspot.com
http://quizindia.blogspot.com
http://funnyaffairs.blogspot.com

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India Currents e-Newsletter- October 2008

	October 2008	If you like this newsletter, forward it on! Questions? Email editor@indiacurrents.com
Dear friend of India Currents, We promised you coverage of the upcoming election, and here it is! Read about Senators Barack Obama and John McCain, the third-party challenge from Ralph Nader, two key California propositions, and much more in the October issue of  India Currents.  Our next issue will be out on November 1, featuring analysis of the financial crisis and the nuclear deal, profiles of doctors and dancers, and reviews of the latest books and hottest websites! As you know, the articles included here are just a small sample of the content that India Currents offers in print and on the web at www.indiacurrents.com. Our hope is that the stories here will pique your interest enough to check out our website, where you can enjoy reading the complete range of features, perspectives, and stories presented there. Your comments and feedback are always welcome. Sincerely, Ragini Tharoor Srinivasan Editor, India Currents
		The Strength of Our Ideals RO KHANNA, Oct 06, 2008 The case for Senator Barack Obama
		A Reflection of Our Values HARMEET DHILLON, Oct 07, 2008 The case for Senator John McCain
		Tropical Effects ANIRUDDH CHAWDA, Oct 07, 2008 A review of The Pool, directed by Chris Smith
		Ambassador of Hip Hop SHRUTI SWAMY, Oct 08, 2008 Introducing the1shanti, an Indian American “ambassador of hip hop.”
		Presidential Effects RAGINI THAROOR SRINIVASAN, Oct 01, 2008 Editorial
		Upcoming Events: Northern California
Now you can advertise in both the print and online editions of India Currents! Click here
	October 17 Friday	National Bihar Relief Day, fundraiser featuring prominent guest from Bihar—director Prakash Jha—helps raise awareness and funds to aid the 2.5 million people displaced by the recent devastating floods. Also features musical entertainment by Praveen and Ritee Chaddha and other prominent artists. Organized by American Organization for the Development of Bihar (AODB) and Bihar Samaj in association with American India Foundation, ICA, FIA-NC, FIBA, FIJIANA, India Community Center, ILP, Prabasi, Sewa International, Sunnyvale Hindu Temple, TiE, and UPMA. 7 p.m. India Community Center, 525 Los Coches St., Milpitas. (510) 651-3711. sujayroy@hotmail.com.  www.aodb.org.
	October 25 Saturday	Diwali Celebrations for children. Story time and crafts. 3-4:30 p.m. Children’s Room, Dr. Martin Luther King Jr. Library, First Floor, 150 E. San Fernando St., San Jose. (408) 808-2183. www.sjlibrary.org/about/events/index.htm.
Articles for readers of all ages and interests! Q&A Films Music Books Forum Editorial The Last Word		Upcoming Events: Southern California
	October 12 Sunday	Water the World, a benefit event to bring clean and safe water to people in developing nations. Every day, 4,500 children die from unclean water and lack of basic sanitation. Just $20 can give one person clean water for 20 years. The event will feature bharathanatym and folk dances of India, The Kalapeetham Dance Company, and Rangashree Dances of India. Presented by Kalapeetham Dance Company. 2 p.m. Madrid Theatre, 21622 Sherman Way, Canoga Park. $20 general, $15 for those 18 and under. Theater: (818) 347-9938. Tickets: (818) 550-9668, (661) 547-5178. watertheworld@gmail.com.  www.culturela.org/madridtheatre
Love the funny pages? Small Hands Our regular Comic Strip
	October 17 Friday	Rediscovering Gandhian Wisdom: Building a Peaceful Future. Three-day international conference commemorating Gandhi’s life and work. The conference will explore Gandhi’s thought and methods in domains such as education and learning, business and economics, ethics, leadership, ecology, law and justice, politics and political action, conflict resolution and peace-building, poverty and development, and spirituality. Some of the many speakers will be: Rajmohan Gandhi, author of major new biography on his grandfather and visiting professor at the University of Illinois; Rajni Bakshi, journalist, activist, and author; and Akeel Bilgrami, Johnsonian cha ir of philosophy at Columbia University and author. Presented by Ahisma Center. Oct. 17-19, Cal Poly Pomona. (909) 869-3868. ahimsacenter@csupomona.edu.  For registration, go to www.csupomona.edu/ahimsacenter.
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[Indian Current Affairs:649] Current affairs briefing for 11th October, 2008

Hi friends,

Here goes our link for today:  http://indiancurrentaffairs.blogspot.com/2008/10/11102008.html

In today's briefing:

1.  Bloodbath on the stock markets.  Is another black Monday waiting to happen?

2.  FM announces the Arun Ramanathan panel for suggesting measures on overcoming the present liquidity crisis.

3.  But why is India facing a liquidity crunch when its fundamentals did not betray any such crisis?

4.  Take a look at what Yashwant Sinha suggests for overcoming the present situation.

5.  IBSA summit to take place in Delhi.  Remember the grouping?

6.  India coolly goes on piling up patent filings.  A very good sign.  Why?  This shows that the country is progressing on the intellectual front and that many companies / entities are making progress on the innovation front.

7.  Totally going unnoticed is the ban on smoking in public places.  Look at some details for record.

8.  Reading The Hindu after a long time (because it is a holiday for me today) I just couldn't stop reading Krishna Iyer.  Equally good was the piece from Ramesh Thakur.  Both of them are highly recommended for Political Science students for the excellent analysis they carried.

I think that should be enough for today.  Because there is nothing much to write home about on the cricket front.  Have a good day.  Happy reading.

Ramakrishna

--
Blogs I commend:
http://indiancurrentaffairs.blogspot.com
http://discover-it.blogspot.com
http://quizindia.blogspot.com
http://funnyaffairs.blogspot.com

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[Indian Current Affairs:648] Current affairs briefing for 10th October, 2008

Hi friends,

Here is our link for today:

http://indiancurrentaffairs.blogspot.com/2008/10/10092008.html

In today's briefing:

1.  US President signs the nuclear cooperation law with India.  India and US to sign the 123 Agreement today.

2.  Australia under pressure from within to supply uranium to India.

3.  TDP plumps for the T-state.

4.  A very good article from Manoj Pant on the current financial crisis.

5.  IMF activates the emergency financing mechanism.

6.  What is the case against large supply chains?  And why is local better than global?  A very good piece by Arun Maira.

7.  A look at the collateral damage caused by the ongoing global financial crisis to Indian stock market capitalization.

8.  Rajasthan's PPP model in spreading senior secondary education finds favour with the finance ministry.

9.  Maharashtra to legalize long live-in relationships.

10.  India slips on the global competitiveness rankings

11.  Are they any restrictions on corporate pay now?

12.  We missed out on this year's Nobel prizes.  Look at them.

That's it for today.  Happy reading.

Ramakrishna

--
Blogs I commend:
http://indiancurrentaffairs.blogspot.com
http://discover-it.blogspot.com
http://quizindia.blogspot.com
http://funnyaffairs.blogspot.com

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[Indian Current Affairs:647] Current affairs briefing for 9th October, 2008

Hi friends,

I am back today.  Let us all thank Yusuf Kaydawala for his generous help in keep you all informed during the last couple of days.  Here goes our link:

http://indiancurrentaffairs.blogspot.com/2008/10/09102008.html

In today's briefing:

1.  Interest rate cuts across the globe have failed to give comfort to the markets.

2.  Is India set to see trouble from its unsecured borrowings than from the current global financial contagion?

3.  How will a fall in asset prices fuel credit squeeze?

4.  RIL will perhaps be unhappy with the SEZ referendum conducted by Maharashtra in its Pen tehsil. 

5.  When will Orissa's troubles come to an end?  Will the joint statement from BJP and the Archbishops of Delhi and Orissa do the trick?

6.  Zardari does an Advani.

That's it for today.  Happy reading.

Ramakrishna

--
Blogs I commend:
http://indiancurrentaffairs.blogspot.com
http://discover-it.blogspot.com
http://quizindia.blogspot.com
http://funnyaffairs.blogspot.com

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[Indian Current Affairs:646] Current affairs briefing for 8th October, 2008

Hi friends,

Here goes our link for today: http://indiancurrentaffairs.blogspot.com/2008/10/081008.html

In today's briefing:

1) Nano finds a new home in Gujarat

2) Fed bails out US Inc but RBI, Sebi Efforts Fail to Boost Shares, Bonds

3) Sourav Ganguly to quit after Aussie series

4) Rupee breaches 48 mark

5) Three scientist share physics Nobel prize

That's it for today. Happy Reading.

Yusuf Kaydawala

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[Indian Current Affairs:645] Current affairs briefing for 7th October, 2008

Hi friends,

Here goes our link for today: http://indiancurrentaffairs.blogspot.com/2008/10/07102008.html

 

In today's briefing:

1) RBI cuts CRR to 8.5% , last cut  in June 2003

2) Global Markets spiral downwards

3) Rupee hits 5-½ year low against the US Dollar

4) Nano may drive to Gujarat

5) 20 terror suspects arrested

6) Centre rushes more troops as violence in Assam causes 40 casualties

That's it for today. Happy Reading.

Yusuf Kaydawala

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[Indian Current Affairs:/] Current affairs briefing for 6th October, 2008

Hi friends,

Since Mr RamaKrishna is out of town, I have written today's briefing.

Here goes our link for today:  http://indiancurrentaffairs.blogspot.com/2008/10/06102008.html

 

In today's briefing:

1) Pakistani President says Militants in Kashmir are terrorists. Is it Shifting of stance or just political rhetoric?

2) Tata's Nano troubles in Hyderabad

3) Sebi may ease PN curbs to increase capital inflows

4) Creditors accuse JPMorgan of 'bringing down' Lehman Brothers

5) New York State Supreme Court stops Wachovia sale

6) US President George W Bush to sign N-deal on Oct 8

7) Excellent graphic about US Presidential candidates and Baba Ramdev

That's it for today. Happy Reading.

Yusuf Kaydawala

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[Indian Current Affairs:643] Current affairs briefing for 4th October, 2008

Hi friends,

Here goes our link for today: http://indiancurrentaffairs.blogspot.com/2008/10/04102008.html

In today's briefing:

1.  The Tatas have finally announced their pullout from Singur.  But is the entire blame to be put on Mamata Banerjee and her confrontational politics?  What other reasons could you fathom?  Some excerpts from the excellent ET editorial that appeared today.

2.  Wells Fargo gets Wachovia; not Citibank.

3.  The US lower house too passes the bailout package; after the Senate passage.  But fears remain.  Comments from experts like Stiglitz are not comforting at all.  Take a look at his alternative plan and the recognition that politicians have some compulsions to act in a particular way.  Excerpted from his article extensively for you as you need to have enough ammo to write possible essays and / or understand the implications of the bailout package.

4.  Language lessons:  Main Street.  What is this?

5.  Pay bonanza now for central government teaches.

6.  Obituary: RS Lodha.

7.  What is Operation Chhamar Sar?

That's it for today.  Happy reading.

--
Blogs I commend:
http://indiancurrentaffairs.blogspot.com
http://discover-it.blogspot.com
http://quizindia.blogspot.com
http://funnyaffairs.blogspot.com

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[Indian Current Affairs:642] Current affairs briefing for 3rd October, 2008

Hi friends,

We took a holiday yesterday because of Ramzan and Gandhi Jayanti.  We are back with our post for today.  It is here: http://indiancurrentaffairs.blogspot.com/2008/10/03102008.html

In today's briefing:

1.  Look at why the interest rates are going through the roof in India.  Especially in the call money market.  This is sure to have some spill over effect on the regular market also.

2.  US Senate passes the nuclear bill.  India's isolation on the nuclear front comes to an end with this.

3.  But what are the concerns that still remain for India?

4.  Mumbai to have India's first floating heliport.

5.  Private news channels establish a self regulatory body.

That's it for today.  Happy reading.

--
Blogs I commend:
http://indiancurrentaffairs.blogspot.com
http://discover-it.blogspot.com
http://quizindia.blogspot.com
http://funnyaffairs.blogspot.com

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