Mumbai Terror Attack Fallout – Same Old Game

This article “When PM decided to quit” which I have read on Rediff  (click here for the story) show the sad affair of Indian politics.

After the terror attack, what we needed was a strong leadership at this time of national crisis, but what we have seen was a weak Prime Minister who instead of leading from the front went back to play same old political trick – resign.

What kind of signal the commander in chief is sending to the world and to the terrorist!

Even during the time of crisis, the political establishment – either the CM or the PM or the home Minister should have been on the electronic media reassuring the country and sending string signal to the terrorist but sadly no one displayed the political leadership required at this point of time.

Dr.Singh stay or go what difference will it make to anybody. Some things never change in this country.

Reviews of the Movie Race

- Taran Adarsh writes in Indiafm: “Post KHILADI and BAAZIGAR, Abbas-Mustan rightfully earned the tag of being the undisputed Badshaahs of Thrillers and Abbas-Mustan couldn’t outdo these two films ever.” Read on

- Nikhat Kazami’s review in Indiatimes: THE Baazigars are back. Once again, the Burmawala brothers (Abbas-Mustan) dig deep into the darker side of the human psyche and come up with another thrilling study of wickedness..Read on

- Raja Sen on Rediff says ” too many twist spol this Race” Read on

Bear Stearns liquidates Rs 900cr Indian equities

Times of India writes: The Indian outfit of US’s fifth largest investment bank, Bear Stearns, on Monday began liquidating its holdings in India, triggering fears of a further plunge in the stock prices of mid-cap companies held by it. Read On:

Forex derivative losses likely to touch $3-5 bn

Ranju Sarkar writes in Business Standard: Corporate India may be sitting on a $3 billion to $5 billion (Rs 12,000 crore – Rs 20,000 crore) notional loss on its exposure to foreign exchange derivatives. Read On

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Worse is yet to come in forex derivative losses writes Ranju Sarker in Business Standard. Read On

Brokerages say “buy” but cuts price targets

Read On Business Standard writes on lowering stock price target for the big companies: Most broking houses are giving a “buy” recommendation for key frontline stocks, but have reduced their price targets from a quarter ago after falling markets tempered expectations. The Bombay Stock Exchange’s (BSE) Sensex has declined by 4159.01 points or 20.5 per cent since January 1, 2008….

Year of the Carp

Read on what Shankar Achaarya writes in Business Standard: As usual, it has provoked reams of commentary from serried ranks of financial journalists, tax consultants, investment analysts, general columnists and, of course, my own tribe …economists..

Indian economy on a downhill slide?

Read on Rediff:  Last month, India’s powerful software industry body — the National Association of Software and Services Companies (Nasscom) — held a meeting to do a reality check amid rising global economic concerns: Is the Indian growth engine slowing down? Does India need to worry? How sharply will the US recession hit the nation?

Arm Dealer Nanda’s arrest!

Taxman on phone: I wouldn’t have earned in my lifetime even 10% of what I got in this deal: Phone intercept lands senior I-T official, arms dealer Suresh Nanda, his son Sanjeev and CA in CBI net: Read On (indianexpress)

Indian Hockey Debacle

Indian hockey touched its nadir on Monday with the eight-time gold medalists, for the first time, failing to make the Olympics cut in complete contrast to its glorious past. Since its debut in the quadrennial sporting extravaganza in 1928, India remained unbeaten in the Olympic Games till 1956, winning six gold medals in a row.

Time to start from scratch writes Joaquim Carvalho: It has been a roller-coaster ride for me in the past 11 months as the national hockey coach and I am afraid that it ended rather painfully. India failed to qualify for the Olympic Games for the first time in 80 years since we made our debut back in 1928.

Read On (rediff.com)

“Don’t blame it on the boys writes” Viren Rasquinha captain of India’s national hockey team, retired from the sport in Jan 08 in Indian Express: My first thoughts on India failing to qualify for the Olympics. I think it is high time we learnt to swallow our ego and pride and realised that we are not masters of hockey and started taking help from the best.

Read On

Best Stories on Indian Budgets

Economic Times present views from the captains of Indian Industry – every one giving a big thumps-up: Read On