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Pearl
Harbour redux |
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It is one of the costs of globalisation
that a crisis in one part of the world will impact many other
parts in both predictable and non-predictable ways. |
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Don’t
neglect exports |
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All is not well on the exports
front. The National Council of Applied Economic Research has
forecast a slide in India’s export growth rate to 9.2 per cent
this year from 14 per cent earlier. |
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Sinha
pays for Singh’s omissions |
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We learnt a nursery rhyme in
school which runs as “...Humpty Dumpty had a great fall; and
all the king’s horses and all the king’s men could not put Humpty
Dumpty together again.” This fairly sums up the state of the
bedridden Indian economy. |
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INDIAN
COCKTAIL: Subhash Agrawal
Vietnam comes to Manhattan |
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It was November 1979 and I
had newly arrived in the United States. The university campus
was tucked amidst lush hills and valleys, and the maple trees
were still glistening with amazing hues of orange in a typical
New England autumn. |
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EAVESDROPPER:
Use ’em first to beat ’em later |
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The newly crowned
civil aviation minister, Shahnawaz Hussain, believes in beating
competition by this new mantra. Abandoning Indian Airlines,
the stock horse of his predecessors, Mr Hussain on Tuesday chose
Sahara to fly to Patna, his first trip to Bihar since he got
the new job. |
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So,
frisking and luck...is that all we have against the kamikaze? |
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“Divine wind” is how the Japanese
fondly translate kamikaze, desperado pilots who shook the world
in World War II with plane loads of explosives, aimed straight
into the enemy, writes Rohit
Bansal. |
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‘No
immediate impact on oil sector, but let’s wait and watch’ |
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Sudden fluctuations in the
international crude oil prices, following terrorist attacks
on the US, are unlikely to have any significant impact on India’s
oil sector in the immediate future as crude supply contracts
till November have already been firmed up. |
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IT
companies say all’s well, but uncertainty looms |
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The Indian software industry
is attempting to strike a ‘business as usual’ posture, with
almost all companies claiming they have not suffered directly
in the terrorist attacks on the US financial hub in New York
and in Washington on Tuesday. |
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Insurers
fear pressure on overseas investments |
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Lack of any worthwhile risk
management systems in India has sent jitters among insurers,
even as industry officials fear that overseas investments into
the country that were in the pipeline may be jeopardised by
the attacks on prime US locations, writes Harjeet
Ahluwalia. |
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When
terror struck homes through the small screen |
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Once again the world
saw tragedy unfold on television. Some called it Pearl Harbor,
Part II. For Indians, it was ‘US under attack’ on prime time
television as the news of the collapse of World Trade Center’s
twin towers hit the small screens around 7 p.m on September
11. |
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