The Wire English News
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Latest news Will Pakistan's Twenty-Second Package from the IMF Really Help?
Pakistan has had more IMF programmes than all other South Asian countries combined, and none of the earlier twenty-one programmes appear to have left a lasting impact on its profligate bureaucracy and political leadership. The country's budget deficit has remained stretched and there was no reform in increasing the tax base. The latest bailout package is worth $6 billion, of...
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Latest news Delhi HC Drops Contempt Charge Against S. Gurumurthy After He Agrees to Retweet Apology
New Delhi: The Delhi high court on Monday dropped contempt proceedings against S. Gurumurthy, editor of a Chennai-based Tamil news magazine and part-time director of the Reserve Bank of India, for having retweeted an article against Justice S. Muralidhar. The court closed the proceedings against Swaminathan Gurumurthy, the editor of the weekly magazine...
- 2 hrs ago
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Latest news The Poor Boy from Rameswaram Who Gave Flight to a Nation's Dreams
A.P.J. Abdul Kalam was a man of many parts. Best known for the good nature he brought to the office of the president, he was also an author and inspirational speaker, a poet in Tamil, an amateur musician and polymath. Most of all, however, he was a scientist with a flair for inventiveness, adaptation and administration - qualities that propelled him to the frontlines of the...
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Latest news No Choice But to Invest in Oil, Shell CEO Says
London: Royal Dutch Shell still sees abundant opportunity to make money from oil and gas in coming decades even as investors and governments increase pressure on energy companies over climate change, its chief executive said. But in an interview with Reuters, Ben van Beurden expressed concern that some shareholders could abandon the world's second-largest listed energy company due partly to what he...
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Latest news Booker Prize Awarded to Margaret Atwood, Bernardine Evaristo
The Booker Prize for fiction this year ended in a tie, with two winners announced on Monday in London. Canadian author Margaret Atwood and British author Bernardine Evaristo both received the literary accolade. Judges went against the rules by awarding a joint prize, but prize chairman Peter Florence explained they simply couldn't choose one winner between the two books. 'Our...
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Latest news Do RTI Commissioners Have the Right to Information?
[The RTI convention on October 14, which I attended, had speakers who hesitated to mention about the 2019 amendment to the Act, which I opposed as it violated the fundamental right of expression and the federal character of the constitution.] Ideally, the 14th convention on the RTI, on October 12, where Central and state commissioners were present, should have resolved against the...
- 4 hrs ago
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Latest news If India Is to Hit 6%+ Growth in FY'20, Where Will H2's Green Shoots Come From?
Forecasting economic growth has never been a precise science, and in recent times it has gone topsy-turvy, with the Indian economy making a mockery of econometric models developed by key institutions. The monetary policy committee (MPC) of the Reserve Bank of India in its fourth bi-monthly policy slashed India's GDP growth forecast by 80 bps from 6.9% to 6.1%...
- 4 hrs ago
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Latest news After Questions Raised over FDI in Digital Media, DPIIT Seeks I&B Ministry's Views
New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) has sought views of Information and Broadcasting Ministry on issues raised by certain stakeholders over the government's decision to permit 26% FDI in digital media sector, an official said. In August 2019, the government approved permitting 26% FDI under government route for...
- 13 hrs ago
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Latest news From Notebandi to Statistics, Nobel Laureates Banerjee, Duflo Have Been Critical of Modi Govt
New Delhi: Nobel prize-winning economists Abhijit Banerjee and Esther Duflo have, over the years, been forthright in their criticism of some of the economic policies of the Narendra Modi government. They have raised objections over everything from demonetisation and the GST to the manner in which the Centre has handled official statistical data. For...
- 14 hrs ago
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Latest news Bhiwandi's Textile Industry Is Struggling, and Political Apathy at Polltime Isn't Helping
Bhiwandi (Maharashtra): Each time a power loom machine was moved out of TN Textiles, 28-year-old Mahmood Ansari's anxiety only increased. He had seen the best days of this 50-year-old, 48-machine, well-equipped textile unit, situated in one of the arterial lanes of Bhiwandi, over 30 km from Mumbai. Up until the late 1990s, the industry was booming. He is...
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