After weighing all the costs and benefits, the next administration is likely to reduce and restructure assistance to Pakistan but not to end it altogether, says Daniel S Markey.
The year 2007 did not turn out to be much different than 2006 in that much of the time was spent on figuring out whether Washington and New Delhi will come to terms with the so-called 123 Agreement that would formalise the Henry J Hyde Peaceful Atomic Energy Cooperation Act that the President George W Bush signed into law in the closing days of 2006.
The choice of income tax saving instruments is important, but now you have to identify tax efficient investment options
One wing of the government's definition of what constitues infrastructure is different from that of another and this needs to be resolved fast.
Acknowledging that the credit delivery system is not functioning as expected, RBI has constituted two committees as directed by the ministry.
"The poor will not suffer disproportionately due to bouts of sharp inflation, and the middle class will not see its savings eroded," Raghuram Rajan said.
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SpiceJet's ex promoter Ajay Singh is trying hard to pump in huge money into the airline.
With an aggressive Opposition and unyielding government, important legislation could be the biggest casualty, as details of the helicopter contract surface.
For his 60th birthday in December, which he called his third 20th birthday, Mallya flew in Enrique Iglesias to perform at his villa overlooking the beach in Goa.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
Congress President Sonia Gandhi on Tuesday demanded an "independent and credible" inquiry into the violation of human rights in Sri Lanka even as she refused to comment on key United Progressive Alliance partner the Dravida Munnetra Kahzagam withdrawing support to the bgovernment at the Centre
'The clique that runs that country is treating us like suckers. We are very foolish, giving people money who involve themselves in activity that's harmful to America.' 'When you look at the cold hard facts, Pakistan is not an ally to the United States. They have facilitated, they have encouraged, they have been a protector of enemies.'
Prime Minister Narendra Modi's three-day visit to Britain has seen India and the UK agreeing on Rs 90,000 crore deals.
'When there exists a feeling within a minority - either at the higher or lower levels - that there is discrimination, then steps must be taken to remove that feeling, that perception,' says former judge Rajinder Sachar.
Finance Minister pegs 2011-12 growth at 8.6 per cent, expects inflation to fall to 6-7 per cent by end of the financial year.
'Think about this: A widow of a jawan is drawing only Rs 3,500. If OROP is implemented, she will get additional Rs 1,500. These poor girls are young and have no source of income; they are trying their best to just make ends meet. It is the pain of these situations that has driven me to this.' 'We don't want to put pressure on the government -- that's not our intention. We have full faith in our prime minister. We are asking for a meeting with him, and when we get that, we are sure he will not only give us what we are asking for, but 10 per cent extra.' Major General Satbir Singh, who headed the OROP agitation at Jantar Mantar, speaks out.
Yes, provided the financial health of banks is not impaired; but there is a great risk of companies misusing rescue funds.
'The government's proposal to store citizens' data including Aadhaar data under its Digital India initiative on cloud is violative of the citizens' human rights because the cloud is admittedly beyond India's jurisdiction.'
'Why isn't the BJP ready to give reservations to Muslims despite the high court telling it to do so?' 'A K Antony said the Congress lost the 2014 election because of Muslim appeasement. Antony should have gone to the jails of Maharashtra and found out how many Muslims were arrested during Congress rule. I don't know what kind of appeasement this is.' 'We reposed faith in so-called great secular leaders and they deceived us.'
If Pakistan continues to dilly-dally in bringing the perpetrators to justice and closing down the terrorist camps that operate within its borders, influential US lawmaker Ed Royce says he will lead the fight in the United States Congress to cut the massive military and security assistance to Pakistan.
What is the road ahead for Rahul Gandhi? Shehzad Poonawalla offers a blueprint.
Indian economy about to take-off
In an interview with Shobha Warrier/Rediff.com, he talks about the economic policies of the Narendra Modi government and whether achche din is really coming.
'Growth is predicated on the misery of large sections of people.' 'Maybe Hindutva will be used to suppress any such unrest.'
Even as he flirts with the idea of running for Lieutenant Governor of Virginia, Chopra has indicated that he will now campaign feverishly for the election of his former boss Kaine.
Hindu-American Congresswon Tulsi Gabbard coasts to a rollicking re-election victory in in Hawaii's 2nd District
The finance ministry is not only keen to split the roles of CMD, but also wants to appoint them for a fixed tenure of five years.
Deepak Parekh, chairman of Housing Development Finance Corporation (HDFC), India's largest mortgage lender, says the exuberance in industry about the new government is justified but big ideas articulated by the prime minister need speedy implementation.
Flamboyant and controversial New York hotelier Sant Singh Chatwal, a major political contributor and fundraiser for the Clintons and several high profile Democratic politicians, is elated that he is in line to receive a Padma Bhushan in this year's Republic Day honours list, and rubbished concerns that he is undeserving of the award.
Kerala Chief Minister Oommen Chandy tells rediff.com's Shobha Warrier why the UPA lost in the general elections, the decline of the Left and what he expects from the Centre.
Raamdeo Agrawal says, an investor should figure out if the company actually makes money or not, making an investment comes later.
Experiences of the past decade now tell us that this unaccountable and unsure system is untrustworthy, unworkable and hence unacceptable
If Obama makes it difficult for U.S. companies to send jobs overseas or hire using H-1B visas, India's huge IT sector could suffer
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Crony capitalism will of course generate investment and ensure profit for private capital, but it won't give employment or income to the people. If you can make money by selling coal or speculating in land, why produce electricity, why invest in research and development, why even set up factories, asks Praful Bidwai.
As the United States has clearly linked an invitation to Pakistan to attend the upcoming Chicago summit on Afghanistan's future to the resumption of the NATO supply line, the Pakistani military leadership seems willing to reopen the supply routes which could perhaps win Islamabad a seat at the Chicago meet, scheduled for May 21-22.
Ganesh Natarajan answered many IT-related questions during an hour-long rediff chat on Tuesday.
Team Anna must show some humility instead of imposing its will on society. It doesn't hold a monopoly on understanding how to make governance more inclusive, clean and people-responsive. It must recognise that finally, it is Parliament that prevailed on the Lokpal legislative process, and that's how things should be, says Praful Bidwai.
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