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– While some babies in India are snapped on smartphones the second they are born and their pictures shared on Facebook, others never get access to the internet in their lifetime.Bangalore is known as Indias Silicon Valley because the city is a hub of technology entrepreneurs and home to some of the worlds top global software companies, but the paradox is that many of its residents have never surfed the Web.India might have the worlds second highest number of Facebook users, but according to the Internet and Mobile Association of India (IAMAI), Internet penetration across the entire population is still […]

India has a population of 1.21 billion, according to the last Indian Census. More than 800 million Indians live in rural areas and just under 400 million live in urban areas. However Internet penetration of the entire population is below 10 per cent, according to the Internet and Mobile Association of India (IAMAI.) There is a deep digital divide in India which splits across wealth, occupation, education and geographical lines. While 20% for urban Indians are connected to the Internet. Only three % of rural Indians are connected to the Internet, according to IAMAI. Only eight % of rural India […]

India’s Singh promises more reform

Indian Prime Minister Manmohan Singh has announced more reforms.India’s prime minister has pledged to follow up his recent burst of economic reforms More measures to restart stalled infrastructure projects and attract foreign investment Investors have been heartened by announcements by Singh and his new finance minister(Financial Times) — India’s prime minister has pledged to follow up his recent burst of economic reforms with more measures to restart stalled infrastructure projects, attract foreign investment and reverse the slowdown in Asia’s third-biggest economy.Manmohan Singh defended plans to attract capital from abroad, while admitting that India’s precarious public finances needed more international money […]

MUMBAI Indian central bank Governor Duvvuri Subbarao’s standoff with a finance ministry that wants interest rates reduced sooner rather than later may prove the defining moment of his tenure. But while he wins plaudits for asserting the Reserve Bank of India’s autonomy, Subbarao’s policy draws mixed reviews. Indian interest rates are among the highest of all the major world economies at a time when the country is set to register its worst growth rate in a decade, yet inflation has remained uncomfortably high for nearly three years. With his term expiring next September, Subbarao has less than a year to […]

GREATER NOIDA Indian liquor baron Vijay Mallya does not have to do a deal with UK drinks giant Diageo and will not sell prized assets to rescue his grounded Kingfisher airline, he told Reuters at the weekend. Speaking in his office at Force India, the Formula One team he co-owns, the UB Group head poured scorn on media reports that he would be forced to sell stakes in profitable businesses to fund Kingfisher. “That is the media perspective of what I am going to do. I am not so sure that I lack commercial acumen to the extent that I […]

N India’s Kingfisher Airlines Ltd said it was cancelling several flights on Monday due to employee unrest, in a fresh blow to the ailing carrier and sending its shares down by their daily limit of 5 percent. The airline was cancelling flights on Monday because it feared a number of its employees were unlikely to report for work due to threats from other workers, said Kingfisher, which is owned by billionaire Vijay Mallya. “A section of employees of Kingfisher Airlines has not been reporting for work over the last fortnight and over the past two days, they have been threatening […]

Beef hits India’s sacred cow

The cashier at Qureshi’s butchery looks out his window in Nizamudin, Delhi, on March 12. U.S. missing out on India’s boom?The majority of India’s 24 states outlaw the slaughter of cows except under extenuating circumstances: to stifle contagious diseases, prevent pain and suffering, medical research, etc. And several states — including Delhi and Rajasthan, among others — ban the sale and slaughter of cows altogether.The strict laws against cow slaughter in the majority of India’s provinces have forced the lucrative cow beef trade underground. An estimated 1.5 million cows, valued at up to $ 500 million, are smuggled out of […]

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