There was a time when editors were not seen or heard, only read. One of the best illustrations of the original 'ivory tower' approach was NJ Nanporia, a venerable editor at 'The Times of India' in the 1960s. Apparently, Nanporia was shopping in a local market when he found a certain gentleman smiling at him continuously. His curiosity getting the better of him, Nanporia asked the man who he was....
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India Stocks Sink on Telecommunications Scandal by Heather Timmons
A widening corruption scandal that has touched India’s prime minister sent the country’s Stock Markets down sharply on Friday and threatened to tarnish the country’s image as a rising economic power. Setting off the turmoil was a report from the country’s auditor earlier this week that about $40 billion in wireless spectrum license fees had been squandered by the government’s telecommunications and information technology minister. On Thursday, India’s Supreme Court criticized...
More »Asia struggles to boost food output as inflation bites by Naveen Thukral
Asian governments, battling soaring food inflation, are pumping ever more resources into agriculture but will struggle to offset rapidly expanding demand in top consumers China and India. China, stung by consumer prices running at a 25-month peak, has been selling state stockpiles. It has also ordered banks to urgently offer support to farmers, an example of the sort of firepower these governments can deploy. With China and India also in many cases...
More »Farmer commits suicide in Nashik after rain ruins crops by Vaishali Balajiwale
A young farmer from Nashik committed suicide after failing to bear the burden of damage to crops due to unseasonal rains. Dyneshwar Bhikaji Adake, 32, a resident of Nanegaon, hung himself in the early hours of Monday. Villagers said Adake had developed four acres of land as a vineyard, which was damaged due to unseasonal rains last fortnight. With mounting debts, he hung himself from a grill after midnight. Police have...
More »CCI to bail out cotton farmers
The Cotton Corporation of India (CCI) has decided to purchase stocks from farmers, who have been on a warpath for two months demanding a higher support price for their crop. Sources said bowing to pressure from farmers and political parties, the Union government cleared the decks for launching purchase centres by CCI in the state. Field-level officials at CCI, however, are still wary about the arrival of poor quality of stocks...
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