Friday, August 23, 2013

India has become the least favorable market

NEWSPAPER HEADLINES

"Govt. gives in, says PM will speak on coal files" reads the front page headline of the Tribune. The paper adds that the Lok Sabha Logjam entered its 10th consecutive day with the government failing to push through the food security bill despite giving into the opposition's demand of PM's intervention in the missing coal file issue. The Times of India reports that the Coal Ministry has managed to trace 16 files, while search for the remaining files continue.

Cutting across party lines, the Rajya Sabha expressed concern over increasing incursions by the Chinese Army into India and asked the government to spell out steps taken to counter this threat, reports the Pioneer.

The Hindu writes that TRAI has said that phone connections of banks, insurance firms and realty players would be disconnected if rules relating to unwanted calls and massage were flouted by them or others on their behalf.

The Indian Express quotes Finnish major Nokia as conveying to the India government that "India has become the least favorable market" and it makes sense to exit and export from China. This comment from Nokia is significant as it employs over 8000 workers directly and over 30000 people indirectly, reports the paper.

The Asian Age writes sharing Superstar Amitabh Bachchan's concern over a fake video, Gujarat Chief Minister Narendra Modi sought an apology from the creator. The video suggested Mr. Bachchan was backing Mr. Modi for PM.

According to Hindustan Times, Malala Yousafzai, the Pakistani girl who was shot by the Taliban last year for demanding education for girls, has received the Tipperary International Peace Award in Ireland in tribute to her courage. The paper also writes that Malala is also a nominee for this year's Nobel Peace Prize.

According to the Times of India, Producers and actors may no more have sleepless nights before their movies are released. Oxford University scientists have devised a mathematical model which can be used to predict films success.

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