WHY RAHUL SO SARCASTIC...?

Commerce Minister Nirmala Sitharaman today said Congress Vice President Rahul Gandhi should come up with "substantive arguments" to criticise the government's Make In India programme rather than ridiculing its logo. "Demagoguery may be good in election campaigns, but when you are in Parliament, we expect you to come up with concrete criticisms for which we will give reply. But to throw something like this may amuse some members, but overall it just projects the leader as not having gone into greater details," she told PTI. She was responding to the remarks of Gandhi who ridiculed the lion logo of Make In India as Narendra Modi's "babbar sher". The Congress VP during a debate in Parliament had made fun of Modi's ambitious 'Make in India' programme, saying Prime Minister has "created a babbar sher' (Asiatic Lion)" in which "clock and wheels are seen moving". Sitharaman said it was saddening that the vice president of the Congress party, which had ruled the country, was speaking in such a manner without substantive argument. "This (Make In India) is a very good attempt. You are seeing how it is bringing in greater investments into the country, how manufacturing is improving... To ridicule much before this initiative is understood, is a sad development. "I wish, if he wants to criticise, Rahul Gandhi should come up with substantive argument. To say that Babbar Sher aa jate hain (lions appear) doesn't help," she said. Make In India, which was launched on September 25, 2014, aims at making the country a hub for global manufacturing. The government has undertaken various initiatives to make India an attractive destination for foreign investment and has taken several steps to promote ease of doing business.

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WORLD'S OLDEST WOMAN

Misao Okawa celebrates her 115th birthday in Osaka, western Japan on March 5, 2013. Okawa was formally recognized as the world's oldest woman.

SINGER MANNA DEY IS NO MORE

Legendary playback singer Manna Dey, who mesmerised generations of listeners with his inimitable voice for over five decades with hits like 'ay mere pyara watan', 'laaga chunri me daag' and 'poocho na kaise', died at a hospital here today at the age of 94 after prolonged illness. Dey, who was in and out of Narayana Hrudayalaya Hospital in the last five months for respiratory and renal problems, died of cardiac arrest with his daughter Shumita Deb and son-in-law Jnanranjan Deb by his bedside when the end came at 3.50 AM. The condition of Dey, who had made Bangalore his home for the last many years, deteriorated since yesterday afternoon, hospital spokesman Vasuki said. With the demise of Dey, the void has become complete in the famous quartet of singers Rafi, Mukesh, and Kishore Kumar, who dominated the Hindi music industry from 1950s to 1970s. The mortal remains of Dey, whose unique voice lent a rare dimension to his persona, were cremate...

WILL NIFTY FALL BELOW 2000?

Correlating the ups and down in the Indian rupee with the stock market, Vijay Bhambwani, CEO, bsplindia.com, suggests that if the rupee continues with its downward fall, the Indian stock market may fall breach October lows and fall further. “If the rupee falls below the 53.0-53.50 mark vis-a-vis the USD, expect a mini meltdown atleast in the equity markets. In that case, the 2250 level (on Nifty) will be breached easily to form a new low. The possibility of that low being below the 2000 levels on the Nifty spot is fairly high,” he says. Bhambwani supports his outlook by comparing the value of rupee at the time of October lows. “The October 2008 lows were made with the INR at 51.20 - 51.40 band. The rupee has breached the 52 level since then. Clearly the nation’s ‘share price’ (currency) indicates weakness. The curency market is a far more accurate barometer of the nation’s health compared to the equity indices. Whether you like it or not, we are under siege. Had it not been March (NAV ...

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