Friday, March 29, 2013

Economy needs a bypass as CAD reaches double of 91


Almost all papers have carried reports on BRICS Summit along with a quote from the Prime Minister Dr. Manmohan Singh stating his confidence on completing full five years and that the next Lok Sabha elections will take place on schedule in 2014. The Mail Today headlines it as "Singh is King, Manmohan game for another stint as PM in 2014.

Malala Yousafzai, the Pakistani school girl shot in the head at point blank range by Taliban for advocating girl's education, has become a millionaire by signing a deal for around 3 million dollars to publish her memories reports The Hindustan Times.

According to Mail Today, the Information and Broadcasting Minister Manish Tewari has indicated that the government would hold in abeyance the new notification by the Telecom Regulatory Authority of India (TRAI) seeking to put a 12- minute hourly cap on advertisements on TV channels, which would have created serious financial difficulties for broadcasters.

Most news papers have carried the story on India's current account deficit (CAD) hitting a record 6.7 per cent of GDP in Q3, driven mainly by larger trade deficit on account of uncontrolled imports of oil and gold. The Economic Times covers it under the headline "Economy needs a bypass as CAD reaches double of 91".

The Times of India on its front page reports that Internet users worldwide are having to endure slow connections after the biggest cyberattack in history. The attackers are throwing so much digital traffic at online networks that they have reportedly disrupted access to popular sites.

And finally, The Times of India on its business page writes that regions in India can be distinctly identified by the spoken language, cuisine and the general attire of people. Now donations too gives a clue about demographics. According to Give India study with Rs 9500 as average donation amount, west ranks the highest and the least average contribution amount was from east zone.

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