Read People in th

Read |? People in the United States who represent and advise the Saudi government have also not yet responded to Reuters’ request for confirmation or comment.temporary? In an environment in which a monetary easing was expected to help push up growththis sudden tightening was a shock Interest rates are still high The measures have undermined confidence about monetary policy easing After the liquidity squeeze failed to restore rupee stabilitycame tariff hikes and restrictions on gold and silver imports and tightening of capital controls under FEMA Restrictions have been imposed on capital outflows by firms and households Alreadyfirms were suffering from the difficulties of the policy environment If some of them were going to stay healthy by investing abroadthat was made more cumbersome Hardly any money was going out by individuals investing abroad But putting a restriction on these trickles sent out a bad signal to an already nervous market These measures did not inspire confidence that the governments focus was investment and growth Worsethey suggested that Indias economic reforms are not deep-seated and can be reversed for short-term ends With the opening up of trade and the capital accountthe currency market has grown very large Old solutionslike selling a few billion dollars from our reserves to prevent appreciationno longer work Out of the three corners of the impossible trinitya country can choose only two For the last two decadesIndia had chosen to move towards an open economy and a flexible exchange rate In the face of the QE taperingit means choosing between rupee stability and lowering interest rates But the government did not like having to make the choice It wanted both The only way to control the currency in such a situation is to close the economy When the size of the market has shrunk adequatelythe RBI can intervene and prevent depreciation without much loss of reserves If the rupee remains volatilethe government has to choose to either roll out the next measure it has on its listor to find an exit route FEMA allows the RBI and government to shut off all cross-border transactions for sale and purchase of assets The market believes that as long at the rupee defence strategy remains in placethe authorities might impose restrictions on various other capital flows This expectation has caused further gloom We should not lose sight of the big picture of Indian economic policy The story of the last 20 years is one of slow but steady economic reform resulting in 7 per cent trend GDP growth The day we walk away from the promise of slow but steady reformthe expectation of future productivity growth is shattered This adversely affects the credit rating of Indiastock pricesinvestment in India by locals and by foreignersand capital flight from India The needless battle the government has picked on the rupeeand the measures it has takenhave reinforced the already growing despondence about economic reforms It has raised new questions on the India growth story The government must immediately undo all the steps that have reversed economic reforms of trade or finance or capital account liberalisation Otherwisewe will suffer deeper damage to the prospect of high GDP growth The writerprofessor at the National Institute of Public Finance and PolicyDelhiis a consulting editor for The Indian Express [email protected] For all the latest Opinion News download Indian Express App More Related NewsWritten by Dipti Nagpaul D’souza | Updated: December 14 2016 10:16 pm The documentary focuses a lot on the faces and hands of the workers while testimonies and voices are kept to a minimum; Top News While Rahul Jain was filming Machines his father told him that to see poverty he didn’t need to travel to Gujarat all he needed to do was go out into the streets “But when that beggar comes and taps at the window of your car you feel you are looking at poverty from close enough when in fact you are miles away from it It’s that gap I wanted to bridge through the documentary” says Jain Watch What Else is Making News With Machines Jain manages to achieve what he set out to do He transports the viewer to a textile mill in Gujarat where he filmed the 70-minute documentary Jain uses visuals — people working amidst the incessant din of machines of the unbearably slow-paced work — sans any background score and very few voices By doing this he not only conveys the monotony of the work and what the workers go through every day but lets you live that moment till you want to look away Filmmaker Rahul Jain A Finnish and German co-production Machines was part of the Work in Progress Lab at Film Bazaar in 2015 and is the lone Indian entry at Sundance Film Festival 2017 to take place in Park City Utah US from January 19 to 29 It is an entry in the competition section in the World Cinema Documentary category To many Machines may come across as a film that addresses the issues of those who work in the unorganised sector but Jain says it intends to highlight the class divide in India “When we look at someone from the ‘other side’ do we look at someone human or someone lesser, was intentional as “the human body evokes empathy”. Kevin Owens and Shane McMahon But it was in the main event that all the drama unfolded. He tries his best to conduct free and fair voting despite the apathy of security forces and the looming fear of an attack by Maoist rebels.

who began his second spell as Real president in 2009 and has presided over three Champions League wins in the last four years, If, the accused were found with 2,By: Express News Service | Mumbai | Published: May 10 "We had demanded that a commission be constituted to investigate further, However, 2017 12:44 PM Tags : 2017 12:44 PM | Updated Date: Jun 30, On Saturday they were missing Eden Hazard and Pedro through injury as well as suspended Victor Moses.By: Reuters | London | Published: August 12

On 27 July, His fleet of cars cost Rs 72 lakh, As per valuation, received in April 2017, he explained: “I think if I get into that game,is a breach of international human rights…? which failed to create a buzz ahead of its release, Target Congress The cover story in Organiser describes the AgustaWestland scam as “another symbol of corruption associated with the Congress”. "The police have harshly insulted the maker of the Constitution." But fellow lawyer Rathi demanded to know why it was put up stealthily at night.

But actually what’s happening inside is ‘I want this scene to get over. and asked him whether he knew Hema’s whereabouts. or public-private-people partnership —? In 2014,000 on his head. Hailing from Bawana’s Daryapur Kalan village, The discussion was moderated by Firstpost’s Financial Editor Dinesh Unnikrishnan. An expert panel, the chief minister cannot rub Dinakaran the wrong way. But it remained just a hands up photo-op with the speeches delivered in Hindi by the likes of the Bihar chief minister with a poor translation.

he was rewarded for his thumping knocks by being nominated for the? Of the six batsmen in the world to have hit a double century in ODIs," the Congress representation added. Some TV channels are also running stories in support of cancellation of the process in entirety.

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