Rupee@60: Why India Is Vulnerable To 1997 Asian Crisis?

By Venky Vembu (Guest Writer)

An eerie sense of déjà vu grips emerging markets in Asia as they contemplate a sharp depreciation of their currencies, following the sudden outrush of foreign investors, triggered by the US Fed’s signalling last week of a tighter monetary policy.

That’s because 16 years ago, almost to the week, Asian economies were wracked by a currency crisis after a liquidity-driven bubble burst spectacularly after the US Fed began signalling a tighter monetary policy.

Fraud: Why Indian Job Seekers Will Keep Getting Duped?

By Niloufer Khan / Mumbai

Fake job agents in Mumbai duped several hundred gullible job seekers in tune of crores of rupees for providing 'permanent' job in Air Asia, which will yet to launch in operations in India. 

A quick survey of the bunch of classified advertisement pages that come with the Sunday newspaper can be really reassuring in these inflation-infested times. Firstly, they seem to say that there are more jobs in the city than there are autos in Mumbai.

Indian's Identity Crisis Between KYC, Aadhaar and CMS

By Arhaan Faraaz / Hyderabad

What is the main purpose of issuing citizens a passport? The idea, as the name suggests, is to enable a you and me to pass through another country’s port. It helps identify one as a citizen of a country, so that other countries know where you or I belong. The passport is one country’s guarantee to another that it is responsible for the person carrying the document.

But surprise! Thanks to stringent identity checks everywhere, the soft police state that India has become is forcing many citizens to carry their passports around to get into domestic airports, buy gold or start a bank account. From being an external validation document, the passport has become a domestic ID document.

Negligence: Mumbai Woman Lost Leg In Kidney Surgery

By Neha Astha / Mumbai

Mumbai based Reshma Hingorani's husband is demanding a compensation of Rs 5 crore from Hinduja Hospital on grounds that gross medical negligence caused her to lose a limb after undergoing a minimally invasive procedure. On May 20, 2011, doctors at P D Hinduja hospital operated upon Reshma Hingorani (43) to remove stones from her kidney. On July 2, she was discharged from the same hospital -- with an amputated leg.

Her husband Mahender Hingorani has now slapped a legal notice on the Mahim hospital, demanding compensation of Rs five crore as damages for the ‘gross medical negligence’ suffered by his wife.

Mahender served a legal notice to six doctors, including the hospital’s medical director Dr Gustad Daver and the matron.

'NRI Enquiries Rising In 'Realty' And faith Is Falling'

By M H Ahssan / Hyderabad

One lot who should be happy about the rupee’s crash against the dollar is non-resident Indians. But are they really celebrating the current sharp decline in the Indian currency? Probably not, at least when it comes to real estate.

Non-resident Indians (NRI) enquiries for buying Indian property have risen 15  percent in a month and is likely to go higher if the rupee touches 60 to the dollar as the currency plunge and subdued sales in India  have made property prices cheaper by at least 20 percent for these overseas buyers.

A Good Response: Why 'Hauz Khas Village' Matters?

By Aarti Betigeri (Guest Writer)

Editor's Note: Recently, INN published a story 'Hauz Khas Village: The Hypocrisy Of Lavish Lifestyle' in these columns and in response, flooded by hundreds of emails and comments. This article is one of the best response to our story. Please read on.

It seems to have become the favourite indoor sport of Delhiites to pour scorn on Hauz Khas Village, the small neighbourhood in South Delhi that has blossomed into a popular eating and shopping precinct. It’s too gentrified, it’s overpriced, it’s a firetrap, the parking and traffic are awful. It’s full of cashed-up, no-taste rich people who come in their 4x4s to gawk at this grassroots alternative to DLF Emporio. Independent shops, cafes and restaurants are increasingly being taken over by chains. And did we mention the traffic?

Analysis: What Exactly Is On L K Advani's Mind?

By Saba Naqvi / New Delhi

Unrewarded labour is indeed a terrible human condition. Lesser men and women lose the yen to keep going. But not L.K. Advani, the self-confessed “political Hindu” with the Protestant work ethic. Still, in moments of existential angst, he may have contemplated the fruits of his many labours. If his goal had been to bring the BJP to the national stage, he had achieved that two decades ago. But if the goalpost had shifted along the way to becoming the prime minister of India or, short of that, remaining in perpetuity the pre-eminent leader of the BJP, he must feel thwarted.

To understand one’s own limits is a sign of great wisdom, they say. Advani showed this in putting aside his own ambitions to project Atal Behari Vaj­payee as the PM-in-waiting in 1996.

Beware! Fake Job Offers On The Rise With 'Freshers'

By Lokesh Settiar / Bangalore

Intel Files Police Complaint, Nasscom Plans Big Public Campaign. Fake job interview letters and agents claiming to be working on behalf of companies to hire people have become a menace again, and those looking for jobs should watch out. It’s expected to get particularly bad this year with fewer jobs on offer and many more students passing out of colleges. 
    
Intel India has just filed a police complaint in Bangalore, after it found that at least two people had received fraudulent letters calling them for interviews at the company’s office and asking them to make a security deposit of Rs 7,850 prior to the interview.