From the Editor's Desk The debate on growth focuses only on interest rates - we need lower rates to improve growth. RBI Governor Raghuram Rajan has faced flak for not bringing down the rates. And his successor, Urjit Patel is cast of the same mold. The industry argues - lower rates will lead to higher growth. I do not quite understand this statement. Probably I am not an economist. I sincerely believe that we need to focus on two aspects before we start worrying about lower rates. Remember zero or even negative rates has not helped Japan. Growth requires two core metrics - labour productivity - the amount of goods and services produced by one hour of labour. The other is incremental capital-output ratio (ICOR) - the amount of capital needed to generate the next unit of production. More here
Indian sport's quiet revolution In every city, town and village in most parts of the world, there is a Nobody — or two — who wants to become a Somebody in sports. These are men, women and children who take to sport not merely to
Angelina Jolie is a lunatic: Chelsea Handler Chelsea Handler is no stranger to making outrageous comments on everything. But her remarks about Brangelina's separation becomes interesting since she is close friends with Jennifer Aniston.
Mobile App to keep eye on road hogs Alarmed by a spurt in road accidents, the state transport department is all set to launch a mobile application to crack the whip on road hogs. Once launched, anyone can click photographs of road rule violators by using the App and send the pictures to the department for action.
Lens on Uri man who sold mobile SIMs to troops Days after the dastardly terror attack in Uri, the National Investigation Agency (NIA) officials are investigating 11 local shopkeepers, including a mobile phone retailer who sold SIM cards to the soldiers of 6 Bihar regiment.
Donald Trump’s attempt to make America Great Again didn’t work in Atlantic City Late on the afternoon of 31 August 2016, I walked towards the semi-deserted driveway of the Trump Taj Mahal Casino Hotel in Atlantic City, a resort town in coastal New Jersey, in the United States of America. One of the few cars that entered the driveway was quickly accosted by a woman in … Continue reading Donald Trump’s attempt to make America Great Again didn’t work in Atlantic City
India to renew labour laws overhaul drive to boost jobs Prime Minister Narendra Modi`s government is to make a renewed drive to overhaul labour laws, hoping to create millions of new jobs by making it easier to hire and fire, the labour ministry`s top bureaucrat said on Thursday.
Modi made a shake-up of India`s labour market a part of his reform agenda after coming into office in 2014, but opposition from unions and a bruising battle to pass other crucial pieces of economic legislation have stalled those efforts.
Foreign education for Indian students The Indian education system has traditionally been marks-oriented and with the coercive pressure of burgeoning population of college aspirants, this structure is not going to change but become further deep-rooted.
Google launches standalone messaging app Allo; Lowdown Google has unveiled its AI-powered messenger app Google Allo with voice-call support today for iOS and Android users. The app is currently live in selected geographical regions including India, while the company said that it would be rolled out worldwide in the coming days. Allo is designed to s
MobiKwik partners with Truecaller to add new users MobiKwik and Truecaller have partnered to let Truecaller users get an account on MobiKwik just by virtue of being on Truecaller. According to the company statement, the tie up is already accounting for 30% of daily signs ups on the MobiKwik app. MobiKwik claims to have digital payments at 100,00
ASCI calls out Uber, Goibibo, Paytm, Lenovo others for false advertising The Advertising Standards Council of India’s (ASCI) Consumer Complaints Council (CCC) has upheld complaints (pdf) against 98 out of 159 advertisements brought to it in June 2016. These advertisements belonged to various categories: 39 belonged to the Education category, 25 in the Healthcare &
Raju Narisetti appointed CEO of Gizmodo Media Group Raju Narisetti, senior vice president at News Corp, has been appointed as CEO of Gizmodo Media Group. Gizmodo Media Group was constituted under Univision Communications and will include media properties Gizmodo (technology), Jalopnik (car culture), Jezebel (women's interest), Deadspin (sport
Housing.com’s CMO Nikhil Rungta quits to join Intuit India as MD Housing.com's chief marketing officer (CMO), Nikhil Rungta has quit the Mumbai-based startup to join Intuit India as its managing director. Rungta had joined housing.com, run by Locon Solutions Pvt. Ltd., from Reliance Jio in November last year. Rungta has previously worked at Google, Ye