DESTINATION: Malaysia (1981).
On return from Colombo after an overnight stay at Madras we were up on a flight to Kuala Lumpur after suffering the inevitable rigours of the pre-departure formalities. The plane was an old “war horse” of Air India – a decades-old Boeing 707. Its air-conditioning did not work when it sat on the tarmac. We […]
Indian economy regresses because of politics of votes.
When the rupee hit 58.78 against a dollar earlier this year P Cidambaram, the Indian Finance Minister (FM), while talking to the media said that there was no need to panic as the currency would regain the losses and then stabilize. Among various other issues he talked on was “I am looking forward to more […]
“Item numbers” use up lots of dollars.
A report the other day appeared a little weird in the context of a veritable financial emergency with uncontrolled current account deficit and the rupee heavily losing against the dollar. It said that Sonaxi Sinha, a film actress, was contracted for six crores for an “item number” by a producer of a Hindi film. “Item […]
“Item numbers” eat up dollars.