* Moved to London from Kenya in the 1970s. Schooled at Haberdashers’ Aske’s. Bachelor’s at University of Warwick. * Has three siblings. Father in aviation. Three sons from failed marriage with UK businessman Janak Radia. * India entry in 1995. Sahara liaison officer. India rep of Singapore Airlines, KLM, UK Air. * Floats Crown Air as MD in 2000, with sister Karuna Menon as partner. Secures FIPB clearance to...
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Action Plan for 60 Naxal-hit districts by Vinay Kumar
Each to be given a block grant of Rs. 25 crore With the aim of giving a fillip to development schemes in tribal and backward regions, mostly affected by Naxal violence, the Cabinet Committee on Economic Affairs (CCEA) on Friday approved the commencement of an Integrated Action Plan (IAP) in 60 selected districts. The IAP would be an additional central assistance scheme on a 100 per cent grant basis. It is aimed...
More »Constitution Bench to decide on RTI vs right to judicial immunity by J Venkatesan
‘Independence of judiciary and right to free speech are of great value' A Constitution Bench of the Supreme Court will decide the conflict between the right of citizens to obtain information under the Right to Information (RTI) Act and the right to immunity enjoyed by the judiciary not to disclose information pertaining to appointment of judges. A Bench comprising Justice B. Sudershan Reddy and Justice S.S. Nijjar on Friday referred to the...
More »Mismatch between Nitish wave and vote share by Vidya Subrahmaniam
Put it to the vagaries of the first-past-the post system but the Nitish Kumar-led Janata Dal(U)-Bharatiya Janata Party combine, which pulled off an incredible, winner-take-all four-fifths majority in the recent Bihar election, secured a vote share of only 39 per cent — just a three percentage point improvement over what it polled in October 2005. The ruling alliance won 206 seats, leaving the combined Opposition clutching at all of 37 seats...
More »MFIs similar to moneylenders, says Reddy by Gayatri Nayak
Yaga Venugopal Reddy , former Reserve Bank of India governor credited with saving the nation’s financial system from the 2008 meltdown, has said what many finance experts believed, but did not have the courage to admit publicly: microfinance is India’s subprime. “Ultimately, it’s something like subprime lending,” Mr Reddy told ET in an interview ahead of his book release. “The same incentives are operating here... it was securitisation and derivatives that...
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