This so called black money affects the inflation in the country. It defies all the theories of economics. Thus whatever action the Reserve bank of India takes to curb the inflation, it is never effective as it has no effect on the amount of black money floating in the market, and as a result the prices of the commodities keep increasing in spite of the steps taken by the central bank to curb them. And no one is immune to price rise, regardless of the amount one may be earning.
However, despite its side effects we Indians are involved in this black money market in one way or another. Some of the ways in which we contribute to this black market are:

Indian Premier League , the money spinner for BCCI, courtesy Lalit Modi, is expanding and how. With the huge success of the tournament , IPL organizers have decided to rope in more teams for more excitement, more matches and – not to forget – to rake in more moolah. So, as of now, Nagpur and Kochi are up for grabs, and the news has been conveniently leaked to the media. “Discussions” regarding the auction have started, and the remaining Bollywood bandwagon who missed the bus last time are all geared up to jump in. Heading the list is Salman “Sallu Bhai” , closely followed by Ajay Devgan and the lovable-but-gone-astray-Munna Bhai, Sanjay Dutt.

The advent of the internet and the mobile has increased the pace of communication, and has also made communication easier. The news about a plane crash, or an earthquake, in any part of the world spreads all across the world in a matter of a few minutes. Log in to Twitter and you are instantly apprised of what the world is talking about. Communication with our near and dear ones, who are now spread all over the world, has been facilitated by these new gadgets.
Though connecting with friends and family has become trouble-free,

Off late, the swine flu virus aka H1N1 has been everywhere. The one place you can always always find it is your TV set. Some channel, or its cousin, is sure to be saying one thing about it, or another. No one, however, tells you that if you look at the facts, you will find that the swine-flu has a lesser mortality/death rate than diarrhoea, pneumonia or TB. Yes, H1N1 has caused mass-hysteria, but can you blame the poor virus for that? Our friendly, neighbourhood reporter has done his very best to ensure that you are scared of catching the virus if you so much

What does Independence mean to most of us today? Is it merely a holiday that provides a break from our hectic work -filled schedules? Is it merely an inconvenient day when all liquor shops are closed? Is it the one day of the year when we don our patriotic hats and switch on the TV early to catch the PM’s speech? Is it a day for the Prime Minister to make another set of promises to the nation, that won’t fructify in the end? Is it another way to waste money and additional burden to the exchequer? Is it something

This post is addressed to all the MBA aspirants, to clear a few misconceptions that have percolated through, I don’t know how but they have. This article may not help you take better decisions, but will definitely help you ask the right questions and have a better idea of what’s going on in this world of B-schools. This is a totally qualitative post not based on any facts but on pure observation and judgment (being in a B-school for a year now helps).

Tweet “In a letter written to the Finance Minister last month ahead of the Union Budget, L&T CMD A M Naik expressed concerns over import of Chinese power equipment to India that totaled nearly 8.3 billion dollars, while Chinese taxation model struck down any hopes of Indian exports to China.” (Times Now 27th July 2009) […]

Indian Institute of Technology’s were created as centers of excellence for higher training, research and development in science, engineering and technology. Till two years back there were seven IIT’s in India at Delhi, Kanpur, Mumbai, Chennai, Kharagpur, Guwahati and Roorkee. However, the government has added eight more to this list and it is these newly formed IIT’s that are failing to attract students. So, now these newly formed IIT’s will have to fight with the other institutes to attract good enough students into their admission list.

First, his lawyer decided to quit, because his client, apparently, did not trust him. Thus, began a court room drama

Secondly, instead of accepting Kasab’s confession at its face value, the court could want to investigate whether the confession was made under duress, or by free will. It is expected that terrorists are trained to play mind games, and this could be Kasab’s game plan. The court is not going to fall for it, though what Kasab expects to get out of it, is anyone’s guess.