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Editor's Desk The Fed admitted to its incorrect assessment of the US economy yesterday by highlighting that – the recent weakness in economic activity was reflective of structural weaknesses rather than temporary dynamics (i.e. impact of high commodity prices and events in Japan) and labour market conditions as well as housing markets conditions remain depressed.
In line with its assessment of structural weakness in the US economy, the Fed declared a policy stance
Our PM Dr. Singh addressed select few editors and here is our analysis from the text that was made available to us after discussing with our Political and Editorial Analysts.
Inflation: Effect of liquidity injection by the US was unexpected, Middle East situation could worsen; no control over international commodity prices, but support the hike in procurement prices to farmers. The problem is global, cf. China. Rangarajan [PMEAC Chairman] says inflation should be under 6.5% by March. UIDAI: Promises to eliminate the scope of corruption and leakages in subsidy management, but it would take time.
Economic Growth: Committed to growth
The Office of the Comptroller and Auditor General has pointed out irregularities by Shri Murli Deora and others then in the Oil Ministry for favoring Mukesh Ambani in escalating the cost of Development of KG Basin field by 4 times without relevant support documents. The CAG report said,
The undue benefit granted to the contractor (RIL) is huge, but cannot be quantified, the newspaper quotes the CAG’s
Read moreCAG office disputes KG Basin Oil Contract to Mukesh Ambani
The World’s Largest Democracy saw emergence of Citizen Social Leaders in the Past 6 Months and have managed to build a massive base of 6% and growing by the day fighting the disease of corruption engineered by the mentally ill Government officers and Politicians. According to leading Political Journalists and Observers in Mumbai and Delhi, the shift of confidence by Indians is towards this new class of Citizens / Social Activists and this is because of loss of public trust in the political establishment,
Read moreBad + Puppet Leaders of India – Economic Policy Shunted – Emergence of Social Leaders
World’s Renowned Yoga Guru who has criticized the Corrupt Central Government led by Congress came clean on displaying his Balance Sheet of all the Companies that are under his control. The Government under Dr. Manmohan Singh has not yet revealed information on Black Money and Corrupt Politicians / Bureaucrats nor acted putting the World’s Largest Democracy in Shame.
Baba Ramdev’s Official Website DivyaYoga.Com is cracking due to heavy Traffic. We are Mirror Hosting his
Read moreBaba Ramdev Comes Clean on Income + Assets – Opens Balance Sheet
Infosys has received a subpoena from a Grand Jury in the US District Court (DC) for the Eastern District of Texas. The subpoena requires Infosys to provide documents and records related to its sponsorships for and uses of B1 visas.
You should recall that Senator Grassley had, in a letter to DoS and DHS (April 14, 2011), questioned the “B-1 in lieu of H-1B” policy, stating that it may be misused to evade the H-1B visa cap, referencing the Palmer vs. Infosys case.
Read moreB-1 Visa Investigation to cost Infosys + TCS + Wipro