Sunday, December 28, 2014

Japan’s savings rate turns negative for first time

Japan’s savings rate turns negative for first time


Efforts at government formation in Jammu and Kashmir and the developments post the Assam carnage continue to figure prominently on the front pages of most newspapers.
"Omar may stop BJP at Banihal Pass" - Mail Today writes that in a masterful move, outgoing J&K Chief Minister Omar Abdullah bunged in a monkey wrench into the BJP's plans to install a Hindu Chief Minister in the state by reaching out to the PDP on government formation. The Pioneer says, "Adroit PDP refuses to buy NC plot".
"Over 75,000 take shelter in relief camps in Kokrajhar; Army goes all-out against Bodo rebels in Assam" reads a caption in the Indian Express. "India to rope in Myanmar, Bhutan to wipe out NDFB", writes the Pioneer.
A picture on the business page in the Indian Express shows Prime Minister Narendra Modi with CEO, Microsoft, Satya Nadella, adding that keen to invest more in India, Microsoft’s chief Satya Nadella has pledged support to Prime Minister Narendra Modi’s Digital India initiative.
Facing persistent calls for interest rate cuts from the government and the industry, Governor Raghuram Rajan has said RBI cannot 'flip-flop' on rates with every rise or fall in the inflation and would rather wait for a stable low price scenario, reports the Economic Times.
The Maharashtra government has ordered a probe into repeated furloughs granted to actor Sanjay Dutt - convicted in the 1993 serial bomb blasts in Mumbai - and announced action against officers found guilty of granting relaxation to the actor ‘out-of-turn’, reports Hindustan Times.
 In a first case of death by swine flu in the national Capital, a 51-year-old woman has died in a Delhi hospital, reports the Pioneer.

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