NDTV Correspondent & Agencies, December 15, 2010



The dip in inflation may prove to be a short term relief with fuel prices inching higher again. On Tuesday the government had said that inflation declined sharply to 7.48 per cent in November as compared to 8.58 per cent in October. But after the petrol price hike, inflation or price rise might start climbing up again. Oil major BPCL has hiked petrol prices by Rs. 2.95 per litre. Other companies including IOC & HPCL are likely to follow suit. The oil ministry allowed the three state-run firms to raise petrol prices after crude oil prices touched nearly $90 per barrel in the international markets. Analysts say the upward pressure on crude is likely to continue and a relief on the fuel price front is unlikely soon for the common man. Goldman expects crude to average $100 next year and $110 in 2012. The latest...

This is a powerful message in our modern society. We seemed to have lost our bearing & our sense of direction. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- One young academically excellent person went to apply for a managerial position in a big company. He passed the first interview, the director did the last interview, made the last decision. The director discovered from the CV that the youth's academic achievements were excellent all the way, from the secondary school until the postgraduate research, never had a year when he did not score. The director asked, "Did you obtain any scholarships in school?" the youth answered "none". The director asked, " Was it your father who paid for...

This is a powerful message in our modern society. We seemed to have lost our bearing & our sense of direction. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- One young academically excellent person went to apply for a managerial position in a big company. He passed the first interview, the director did the last interview, made the last decision. The director discovered from the CV that the youth's academic achievements were excellent all the way, from the secondary school until the postgraduate research, never had a year when he did not score. The director asked, "Did you obtain any scholarships in school?" the youth answered "none". The director asked, " Was it your father who paid for...

I MIGHT BE A CHEATER
BUT I DON'T CHEAT
HUMANITY
I HATE STUDIES
BUT I STUDY DAY AND NIGHT
LAW CAN'T CHANGE ME
BUT I KNOW HOW
TO CHANGE THE LAW
I AM NOT A SUPERSTAR
BUT MY SIGNATURE WILL
HAVE MORE VALUE THEN SUPERSTAR
I AM THE RAREST RACE ON EARTH
MEET ME
I AM THE
FUTURE COMPANY SECRETARY OF INDIA
PRATEEK SHARMA

India is losing nearly Rs.240 crores every 24 hours, on average, in illegal financial flows out of the country. The nation lost $213 billion (roughly Rs.9.7 lakh crores) in illegal capital flight between 1948 and 2010. However, over $125 billion (Rs.5.7 lakh crores) of that was lost in just this decade between 2000-2010, according to a study by Global Financial Integrity (GFI). These "illicit financial flows," says GFI, "were generally the product of corruption, bribery and kickbacks, criminal activities and efforts to shelter wealth from a country's tax authorities."In just five years from 2004-08 alone, the country lost roughly Rs.4.3 lakh crores to such outflows. That is - nearly two and a half times the value of the 2G telecom scam now exercising Parliament and the media. The Comptroller and Auditor General of India (CAG) pegs the 2G scam at almost Rs.1.8 lakh crores.Accounting for the rate of return on those illegal outflows, the present value of that $213 billion reaches $462 billion (Rs.21 lakh crores)...

India is losing nearly Rs.240 crores every 24 hours, on average, in illegal financial flows out of the country. The nation lost $213 billion (roughly Rs.9.7 lakh crores) in illegal capital flight between 1948 and 2010. However, over $125 billion (Rs.5.7 lakh crores) of that was lost in just this decade between 2000-2010, according to a study by Global Financial Integrity (GFI). These "illicit financial flows," says GFI, "were generally the product of corruption, bribery and kickbacks, criminal activities and efforts to shelter wealth from a country's tax authorities."In just five years from 2004-08 alone, the country lost roughly Rs.4.3 lakh crores to such outflows. That is - nearly two and a half times the value of the 2G telecom scam now exercising Parliament and the media. The Comptroller and Auditor General of India (CAG) pegs the 2G scam at almost Rs.1.8 lakh crores.Accounting for the rate of return on those illegal outflows, the present value of that $213 billion reaches $462 billion (Rs.21 lakh crores)...