The organizers of the Jaipur Literature Festival yesterday bowing to an alleged threat of violence - on Salman Rushdie making even a 'virtual appearance' at the Lit Fest, is seen on the front pages of several new papers. "Protest pulls the plug on Rushdie's video show", is the top headline in the Hindu. "Video address gets the chop", writes the Statesman.
"RBI shifts stance, banks get more cash", writes the Financial Express. The Indian Express notes - the RBI took the first step towards reversing its monetary policy stance in nearly two years, by cutting the Cash Reserve Ratio by 50 basis points, to 5.5%. This shifts the Bank's focus towards growth and infusing more liquidity.
The Sensex jumping to a 10-week high of 16,995 points is noticed by the Mail Today and the Hindustan Times. "New Year, new beginnings", writes the Mail Today. The Hindustan Times Business writes "Back in Growth Mode", all the doomsayers have been taken aback by the ferocity of the stock market rally in 2012.
The Indian Express writes - "In an unprecedented disciplinary action, four of the biggest names in the 'space' community - including former Chairman of ISRO, G. Madhavan Nair, have been barred from occupying any government post, current or future - for their role in the Antrix - Devas deal, allegedly allotting S Band frequencies for Radio Waves to a private company.
The Times of India reports that new Bureau of Energy Efficiency norms - calling for greater investment in making products that consume less power - will surely raise the prices of goods like refrigerators and air-conditioners.
AND FINALLY, the Hindustan Times writes that Prime Minister Manmohan Singh joined Twitter on Tuesday, in an effort to make his office more transparent and accessible, with 13,000 followers already - and still counting...........