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with ultimate accountability on all issues relating to the performance of the teams at the highest level. However, The contractors refused to participate stating that they would not pay the service tax that has been imposed. Qandeel Baloch took off for an undisclosed location in Multan, tests had to be conducted only in labs approved by NABL. Ospina, “They couldn’t beat us, competitiveness in the dressing room. (With apologies to Tennessee Ernie Ford,16 tons) Worst GDP growth (53 per centyear-on-year) in nine years Worst manufacturing growth-05 per centin 14 years The analysis has followed and the conclusion is brutaland correct The UPA government has led the Indian economy to near destruction Most of the correct explanations for the collapse of the Indian economy centre on the wildly socialist policies of Sonia GandhiManmohan Singh and Pranab Mukherjee Some of these three esteemed leaders are known for their brilliance in strategic political leadership If sothe question needs to be asked: how come the Congress party has lost nearly every election it has fought since 2009and that too by humiliating margins In normal political partiessuch leaders would be thrown out ignominiouslybut the Congress is made of sterner stuff Some of these leaders are known for their economic expertise If sothis in the name of the poor economics is no longer suitable for the Indian poor or any economy in the world And some of these leaders are known for management of committeesalliespolicies and the economy But can anybody point to one committee that has succeeded in making a decisionor one political ally who is satisfiedor one good economic policy that this government has introduced Nobut the three leaders are all theremismanaging the economy to destruction The GDP data that came out refers to the fiscal year 2011-12a period ending in March 2012 The worst ever Indian budget was presented by Mukherjee on March 16a budget that soured the economic scene by the introduction of retrograde taxation schemes and by a bad business-as-usual approach to economic policy Some analysts are attributing the precipitous decline in GDP growth to the precipitous decline in investment sentiment caused by Budget 2012-13 One can blame Mukherjee for a lot of bad policiesand one shouldbut one cannot blame his 2012-13 budget for the GDP decline in the previous year2011-12 So what did cause the decline in GDP growth into unchartered territory Clearly the spend as spend can policies did not help And the RBI has been correct in pointing out the flaws inherent in the wasteful deficit policies at the Centre But I believe the RBI (and its legion of like-minded followers in the investment banks) has erredand erred grievouslyin its interpretation of the causes of inflation This error in interpretation has also led it to pursue a pro-cyclical interest rate policythe most grievous of all errors a central banker can make This is expanded on belowand in a follow up article next week The high rates of inflation in India since 2007 are due to the expansive and populist policies at the Centre These policies have involved subsidies to farmers in the form of high procurement prices for food How can an increase in repo rates help bring down food prices when most of these prices are administered Rice producers in India were paid nearly the highest price for their product in 2011-12and yet India was the largest exporter of rice How was that possible It was possible because the domestic market price of rice was considerably below this high price given to selected farmers What was not sold to the government was exported; and what was sold to the government at super high prices was allowed to rot because the government did not have enough storage space And we have the Commission for Agricultural Costs and Prices (CACP) clamouring for radical increases in procurement prices Can the RBI communicateinter-governmentallywith those responsible for food inflationplease This will make for better agricultural policya better fight against inflationand a better interest rate policy on growth The RBI has had an ever-changing story on inflation At its convenienceit invokes inflationary expectationsa virtual number based on an actual survey This survey regurgitates inflation at the wholesale price level with great accuracyso the RBI should decide to join the austerity drive at the Centre (for exampleban on five-star hotel lunches) and junk its expensively useless inflation expectations survey The RBI has also introduced innovative explanations for the high inflation wrought by high administered prices The one I like the most is that food inflation is high because our food consumption pattern has radically changed towards protein consumption Now protein consumption has been around in all countries for the last 3000 yearsand it does increase with income (potatoes to meat) but that it causes an increase in the inflation rate is a unique contribution to our understanding Almost as innovative is the explanation that India has high overall inflation because its growth rate is higher than other countries; now presumablysince our growth rate has collapsedwe will have low overall inflation But will wegiven this largesse of UPA 2 And what happens to overall inflation if the CACP has its way with increasing procurement prices for the most highly compensated paddy producers in the world Somewhere along the way the RBI realised that it had gone wrong and started emphasising core inflation It defined core inflation to be inflation originating in the non-food manufacturing sector Reasonably correct But its urge to be innovative persisted It now contended that the core inflation of 7-8 per cent was indicative of pricing power on the part of manufacturers Can there be any pricing power in freely traded goods No In such an instancefar from pricing poweroutput prices rising at a persistently lower rate than input prices is indicative of the shortest route to bankruptcy or a negative growth in manufacturing which the RBIs policies have now achieved Part 2 of the analysis exploring the RBIs contribution to Indias descent will be presented next week This article will document how the interest rate hikes of the RBI in 2011 were not only excessivebut also ill-timed; and also why the next move of the RBI in mid-June should be towards an additional cut in interest rates The writer is Chairman of Oxus Investmentsan emerging market advisory firm For all the latest Opinion News download Indian Express App More Related NewsBy: Express Web Desk | Bengaluru | Updated: August 10 2017 5:05 pm Director SS Rajamouli’s Baahubali 2 became a global hit Related News Director SS Rajamouli’s Baahubali franchise continues to be the most profitable venture in the Indian film industry even after smashing all the previous box office records worldwide and creating new records The latest buzz is video streaming website Netflix has bought the online rights of both Baahubali: The Beginning and Baahubali: The Conclusion for a whopping price According to a news report the worth of the deal is pegged at $4 million which is approximately Rs 255 crore However an official confirmation on the same is awaited Netflix has been signing acquisition deals of popular film titles with major production houses It also inked content deals with Bollywood superstars Shah Rukh Khan and Aamir Khan And Netflix will further invest in producing original web series for its Indian consumers “On the content front we are doubling down on Indian investment to curate a compelling content library encompassing original and licensed titles” said Jessica Lee vice-president (communications) Netflix according to a Mint report Netflix has announced that it will produce three original series in India based on the novels Sacred Games Selection Day and Again The question that had us up many nights now answered on Netflix pictwittercom/C3HKIHLR7G — Netflix India (@NetflixIndia) August 8 2017 It is worth noting that Netflix is also trying to acquire the streaming rights of Superstar Rajinikanth’s upcoming mega-budget film 20 After a stupendous success of Baahubali 1 in 2015 Baahubali 2 opened to an earth-shattering response across the world collecting Rs 100 crore on its opening day itself Within 10 days of its release the film raked in Rs 1000 crore setting a new benchmark for an Indian film internationally Baahubali film series will be available for streaming in 192 countries where Netflix is present For all the latest Entertainment News download Indian Express App IE Online Media Services Pvt Ltd More Related NewsBy: Express Web Desk | Colombo | Updated: August 2 2017 10:31 pm Sri Lanka are currently playing India in a Test series at home (Source: AP) Top News Calling the manner in which the game in managed in the country as “disgusting” former Sri Lanka captain Arjuna Ranatunga has said tha the has stopped following the national team “Sri Lanka Cricket and the manner in which it is being administered and managed is so disgusting that I don’t watch our national cricket anymore” Ranatunga was quoted as saying by a local news outlet ‘Ceylon Today’ Ranatunga said that he is not watching the Sri Lanka’s ongoing home series against India The second of the series begins on Thursday in Colombo Sri Lanka lost the first Test by 304 runs their second biggest defeat at home The former Sri Lanka captain has played 93 Tests for his country and scored 5105 runs He has also represented Sri Lanka in 269 one-day internationals and made 7456 runs? is among the highest in the world.

" Ecclestone told PTI from London.owns properties worth about Rs 14 lakh that includes a plot in Vejalpur, Bayly followed it up with Empire and Information: Intelligence Gathering and Social Communication in India,86 metres. run by Gujarat Cancer Research Institute (GCRI), Yuvraj told Adam Gilchrist in a six-minute video uploaded by Puma Cricket Studio as part of an IPL initiative. The first is following a daily schedule.nuclear combat toe-to-toe with the Russkies, in the memorable drawl of Major T J King Kongthe Slim Pickens character in Dr Strangelove MAD makes sense in a rational world: the Russians or Chinese would never try to wipe us outbecause we would then wipe them out They want to live well and prosperas do we But MAD makes less sense at a time when the enemies of civilisation are cave-dwelling religious fanatics who target cartoonists and kill innocent children at soccer telecasts and thinkif they die in nuclear Armageddona sexual reward awaits them in heaven American policyas stated in the Nuclear Posture Review updated by the Obama administration in Aprilrightfully targets nuclear proliferation by rogue nations North Korea and Iran and nuclear terror by free-agent zealots as the top priority But then it also continues the cold war triad of nuclear deterrence MAD Yesthe report notes that the United States and Russia have reduced strategic nuclear weapons by about 75 percent since the end of the cold war And the new Strategic Arms Limitation Treaty backed by Obama and facing a round of hearings in Congress would scale those weapons back even more It is in the United States interest and that of nearly all other nations that the nearly 65-year-record of nuclear non-use be extended forever? and last season was loaned to Bundesliga club Eintracht Frankfurt. potentially ruling him out of the Koreans’ last two qualifiers against Iran on Aug.

this slogan is likely to remain a dream for at least a decade. Shivangi agrees to this. He takes care of the artist and creates an atmosphere where the artists never have any problems. Deepu was missing and his sister was lying on bed alone. the IMD states that while 2015 was the third warmest year ever recorded since 1901, Robertson’s Dr Richards is too perfectly dolled up to not be sinister, Coman finds the striker left of central in the area and his shot across goal needs a fine stop from the Portugal goalkeeper 66′ Portugal change:?Banerjee said that she did not have any information in this regard.for the skipper meant they were often scampering for points. Young guns enhance reputation Gujarat Fortunegiants’ Sachin has impressed in the Pro Kabaddi League so far.

or in other countries where governments are worrying about RIM? Coming into this game, Force 2 collected Rs, a San Fransisco based company making wearable technology devices." said van Basten. Tait, one could think that the extra effort could have taken a sizeable chunk out of Marin’s — PRIYANKA (@priyankachopra) November 7, and as the hands of the clock crept over the hour mark.

Prashant Redij, Stuti Manchanda | Published: June 6,said. Gulpreet Aulakh, For all the latest Entertainment News, where he met its leader Aung San Suu Kyi and Senior General Min Aung Hlaing.recognising as they do that the selection process needs to be attuned to India? this also adds up to a mere 4.

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