NEWSPAPERS HEADLINES
The former President Dr. APJ Abdul Kalam setting aside the probability of a second term at Rashtrapati Bhawan, is highlighted in the Press. 'Kalam himself rules out of the race, puts BJP in a dilemma', headlines Hindustan Times. 'BJP may turn to Sangma', reports the Tribune.
The other big story is of the Reserve Bank of India keeping its crucial short term lending rate unchanged at 8 percent and turning down the demand for a 0.5 percent cut in the Cash Reserve Ratio. Business Standard writes, 'RBI leaves key rates unchanged, disappoints industry and the market'.
Global agency Fitch Ratings yesterday lowered India's standing from stable to negative, granting it a BBB grade, reports the Statesman. The Indian Express, quoting Fitch, cites lack of reforms, corruption, high inflation and slow growth.
'Greece races to form new government', writes the Asian Age, with the broad support, after an election victory by pro-bail out parties, which have eased fears of a Greek Eurozone exit.
Indian Express reports that Saudi Arabia's King Abdullah has appointed Defence Minister Prince Salman as the Crown Prince and Heir Apparent.
'From love all to hate all in Indian Tennis', is a headline in the Pioneer regarding the Indian Tennis Doubles team for the upcoming Olympics. 'Spat gets uglier : Rohan Bopanna, too, won't play with Leander Paes', writes the Times of India.
The Delhi HC, writes the Hindu, has stayed telecast of an add featuring Amitabh Bachchan for the Emami product Nav Ratna Oil, on a plea by a Delhi based herbal products manufacturer, accusing Emami of maligning its ayurvedic oil-Himgange.
And finally, HT City writes, trust Aamir Khan to go where no other Bollywood star has. With his show Satyameva Jayate making waves, the actor has been invited to the Sansad on Thursday to discuss medical malpractices in detail.
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