Daily Archives: November 14, 2018

Car with Indian components

A car, completely Indian, for Rs. 6,000 — taxes of course, excluded. Is it just a restless young man’s dream or the flash of a genius? None would know, not even Mr. Sanjay Gandhi, the 21-year-old son of the Prime Minister, unless and until he gets going with his project. …

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How Germany Feels. Blockade Terms.

The Admiralty announces [on November 11 at 11-50 p.m.] an intercepted German Naval wireless message, issued through the medium of the warship ‘Strassburg’ to all warships, destroyers and submarines in the North Sea and Baltic, quotes the Armistice terms and adds that the blockade which was instituted in defiance of …

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Four corners

Quad members still face the challengeof defining its common agenda As officials from the ‘Quadrilateral’ grouping of India, Australia, Japan and the U.S. meet in Singapore on Wednesday, their challenge will be to accurately describe their common agenda. The Quad is billed as four democracies with a shared objective to …

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Changing trends?

A meeting of OPEC and its allies in December will decide the future course of oil prices The fickle nature of the global petroleum market has been on display over the last few days as prices reacted to statements and counter-statements by producers and consumers. Over the weekend, Saudi Arabia …

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Beyond ideology?

Making sense of fast-changing political developments in the run-up tothe general election Ideology may be dead in the Indian political landscape, except in some crannies of the Left parties. Fast-changing developments, where alliances are being forged to take on a bigger adversary, are without any long-term allegiances. These have produced …

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A reality check on cooperative federalism

It is yet to be tested on issues related to the Goods and Services Tax Since at least 1974, when the Supreme Court commented on the Constitution envisaging a cooperative federal structure, federalism has come a long way in India. In relation to the imposition of President’s rule under Article …

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See Sri Lanka’s national crisis for what it is

The Sirisena-Rajapaksa alliance has to be challenged on principles of democracy and pluralism Over the past fortnight, Sri Lanka has witnessed an escalating political crisis, with a standoff between President Maithripala Sirisena and the Parliament. After the shocking and undemocratic appointment of Mahinda Rajapaksa as Prime Minister, the suspension of …

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Allahabad Bank posts loss of Rs. 1,823 crore

Cites higher provisioning, ageing NPAs Allahabad Bank’s net loss narrowed to Rs. 1,822.71 crore from the Rs. 1,944.4 crore loss in the immediately previous quarter. The bank said in a regulatory filing that its losses were due to higher provisioning on account of NCLT-referred accounts and latest RBI guidelines regarding …

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Tata Steel profit surges over threefold

Higher steel prices and consolidation of Bhushan Steel results aid the company Tata Steel Ltd.’s second quarter consolidated net profit rose to Rs. 3,116 crore, the highest in nine years, compared with a net profit of Rs. 1,018 crore in the year-earlier period on higher steel prices and consolidation of …

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