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Inflation Almost A Decade High!!!!
GDP Lowest in Last 50 QTR !!!
Investment Cycel Puncture!!!
Stock Market Return Negative In Last 48 Qtrs!!!
Chidambaram back asFM!!!!
Mr P. Chidambaram is back as Finance Minister, for the third time.
The shift is a home coming for Mr Chidambaram, who first became Finance Minister in 1996 and held this post till 1998 .
Then, when the Congress-led United Progressive Alliance (UPA) won in 2004, he was given the Finance portfolio. However, in the aftermath of the terror attack in Mumbai, he had to hand over the charge to Mr Pranab Mukherjee on November 30, 2008 before moving to the Home Ministry.
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India Power Cut Hits Millions, Among World's Worst OutageS!!!!
Hundreds of millions of people across India were left without power on Tuesday in one of the world's worst blackouts, trapping miners, stranding train travelers and plunging hospitals into darkness when grids collapsed for the second time in two days .
Stretching from Assam, near China, to the Himalayas and the northwestern deserts of Rajasthan, the outage covered states where half of India's 1.2 billion people live and embarrassed the government, which has failed to build up enough power capacity to meet soaring demand .
The cuts in such a widespread area of the world's second most populous nation appeared to be one of the biggest in history, and hurt Indians' pride as the country seeks to emerge as a major force on the international stage.
It's certainly shameful. Power is a very basic amenity and situations like these should not occur," said Unnayan Amitabh, 19, an intern with HSBC Bank in New Delhi, before giving up on the underground train system and flagging down an auto-rickshaw to get home.
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