Plutarch's Life of Dion contains an interesting anecdote of Dionysius, an avowed and established tyrant, killing his captain, Marsyas. Marsyas had dreamt of cutting Dionysius's throat, and Dionysius killed Marsyas on account of his dream. He based his decision on the assumption that Marsyas would not have dreamt of such a thing by night if he had not thought of it by day. In his seminal work The Spirit of Laws...

-The Hindu   Step paves way for providing quality and compulsory education to all children of school-going age The Tamil Nadu Elementary School Teachers' Federation (TNESTF) has thanked Chief Minister Jayalalithaa for notifying enforcement of the Right to Education Act, thereby paving way for providing quality and compulsory education for all children of school-going age. Federation General Secretary N. Rengarajan and president K.Kamaraj expressed happiness over the State being in the forefront to implement...

The commerce & industry ministry has decided to make fresh efforts to get state governments on board on the issue of allowing foreign direct investment ( FDI) in retail trading. In addition, commerce & industry minister Anand Sharma is also expected to meet trade and farmer bodies over the next few days in a bid to garner their support for the controversial move.  Officials said industry secretary P K Chaudhery is...

Has India done a China to its trade partners? Against huge opposition and popular discontent over the years, the Cabinet last week cleared 51 per cent foreign direct investment (FDI) in multi-brand retail and allowed 100 per cent FDI in single-brand retail. The move appears crafty in that it tries to change the perception of a reform impasse in the government while simultaneously aiding India’s negotiators to meet their peers...

At a time when the government and regulators are emphasizing inclusion and increase in credit delivery to those without access to formal sources of finance, private sector banks are found to have low credit-deposit ratios in rural areas as compared to public sector counterparts. In a recent interaction at the state-level bankers committee (SLBC) meeting, in which Reserve Bank of India governor D Subbarao was present, bankers brought this to the...