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Should RBI raise interest rates?
- Oil imports rise first time in over a year - 2010 set to be year of indices trading - Crisil to research illiquid stocks to help investors - "Indian regulatory regime has brought us a world of good" - Global crisis pinches FDI purse in 2009 - Experts debate rollback of lenient policy

Chettinad Cement lines up Rs 1,700 cr
Plans greenfield plant at Gulbarga in Karnataka

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V V: Correcting the fault lines of capitalism
In the long run,” John Maynard Keynes had famously said, “we are all dead.” Keynes may not have been quite dead, but he had lived a ghostly half-life in the corridors of central banks and within the academia for decades. Now with the failures of unbridled capitalism on a global scale, he is back in fashion, along with Marx. John Cassidy, the finance correspondent for the New Yorker has come with How Markets Fail: The Logic of Economic Calamities (Allen Lane/Penguin £25), which draws heavily on Keynes to recount the story of America’s housing boom and the failures of regulators and self-deception of bankers that led to the present financial crisis. The book is a sequel to Cassidy’s earlier book DotCon that dealt with the stupidities of the stock market bubble in the late 1990s, but both deal with one central idea: the belief that society is best served when individuals are left free to pursue their self-interest was “Utopian economics” and led to disaster because of “the crooked timber of humanity”, and the uncertainty that is inherent in any human enterprise.
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Ties with India, a foreign policy priority for Russia: Medvedev

Russian President Dmitry Medvedev today lauded India"s "historic successes" in socio-economic development and said that ties with New Delhi are Moscow"s "unconditional foreign policy priority". - Ban welcomes US commitment to engage UN - Prasad follows cong policy - 'India should not bank on America' - T N Ninan: Four lost years">T N Ninan: Four lost years - Pak posing as serious challenger to US foreign policy: Berman - Obama Admn to announce new policy on India "fairly soon" In his messages to President Pratibha Patil and Prime Minister Manmohan Singh on the 63rd Independence Day, Medvedev reiterated Moscow"s foreign policy priority of fostering strategic partnership and friendship with New Delhi. "In the years of independent development India has achieved historic successes in socio-economic and scientific-technological development and has joined the leading states of the global community," Medvedev said. "For Russian strategic partnership and friendly relations with India are an unconditional foreign policy priority," Medvedev wrote to President Pratibha Patil. "We are waiting for your visit to our country in September, which will, no doubt, become one of the central events of the Year of India in Russia," Medvedev wrote to the Indian President. In a separate message to Singh, the Russian leader wrote: "We in Russia share the feelings of joy and pride of the Indian friends on the outstanding achievements of your country in the fields of economic, social and scientific-technical development." He expressed hope that during Prime Minister Singh"s Moscow visit later this year, which would crown the Year of India in Russia, the two leaders could continue their summit-level dialogue. In his messages to the Indian leaders Medvedev noted that by its right India has become a key nation in the international affairs. In the text of his messages to Patil and Singh released by the Kremlin, Medvedev has said that he is eagerly awaiting their Russia visits in this year being marked as the Year of India in that country.


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