The Reserve Bank of India (RBI) kept its key policy repo rate unchanged at 8.0 percent on Tuesday, as widely expected, while warning of risks to its target to bring consumer inflation down to 6 percent by January 2016. “This continues to warrant policy preparedness to contain Continue Reading
Month: September 2014
Prime Minister Narendra Modi told nearly a dozen U.S. company chiefs on Monday that he is committed to liberalizing his country’s economy, which has underperformed other emerging markets recently after years of breakneck growth. Modi spoke at a breakfast with 11 chief executive officers Continue Reading
The history and growth of India’s gold loan NBFCs is best studied by dividing it into three distinct phases. The first phase was the period up to 2005 or so when no one really bothered about gold loans, when growth was slow, steady and quite unexciting. It changed around 2005 when private Continue Reading
In a glitzy show of lights, lasers and slogans, populist Indian Prime Minister Narendra Modi delivered a triumphal address to tens of thousands of Indian-Americans and U.S. dignitaries in New York on Sunday, less than a decade after he was barred from the United States over bloody sectarian Continue Reading
Instagram, the popular photo-sharing service owned by Facebook Inc, has been blocked in China, according to numerous reports, including from Hong Kong-based reporters with the New York Times. The company did not immediately return requests for confirmation. The reports came amid pro-democracy Continue Reading
Colombia needs to train more prosecutors to identify and investigate human trafficking cases, boost low conviction rates and tackle a problem that remains largely invisible, the country’s top watchdog said. Colombian adults and children are trafficked for sex outside and within the country, Continue Reading
Venezuela’s famed models and aspiring beauty queens are struggling to doll themselves up as shortages turn eye shadow and breast implants into coveted luxuries. In a country that glorifies voluptuous women and opulent beauty pageants, even basics like deodorant are now at times tricky to Continue Reading
A slavery exhibition featuring black actors as live models to represent African slaves was canceled by a London art center after protests of racism, sparking a debate on Thursday about freedom of expression. The show, Exhibit B, by South African director Brett Bailey, at London’s Continue Reading
The United Nations program on HIV/AIDS (UNAIDS) on Thursday named fashion designer and former Spice Girl Victoria Beckham a goodwill ambassador. Beckham, who said she was inspired to help after a “life-changing” visit to HIV clinics in South Africa, will focus on working toward Continue Reading
British actress Emma Watson’s plea for men to join the fight for equal rights for women has sparked a flood of pledges across the world, including from fellow celebrities and politicians. Watson, 24, who rose to fame as Hermione in the Harry Potter movies, gave her first major speech as a Continue Reading