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Global crisis to indirectly affect India: FM

New Delhi, October 31:: The global slowdown will have an indirect effect on the Indian economy, Finance Minister Palaniappan Chidambaram said on Friday. He said however this would not result in massive job losses. Taking strong exception to industry chamber Assocham's forecast that a quarter of people in certain key s ....Read more

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The problem is still out there.By: Madhumita Chakraborti | Friday , 31 Oct '08 13:23:50 PM Reply | Forward Assocham has correctly interpreted a problem - which is a situation of no-demand. But the solution prescribed by Assocham by cutting off employee strength is bound to enhance the no-demand situation. Assocham's intention to allow cornering all the fruits by top management is mischievious in a miserable time like this. Also, this could have been a starting point to negotiate and ask for bad debts - which would be thrust on the common citizens - that's vulgarity in all sense. For us to believe your story on India's growth with GDP figures, you may have to wait a lot - at least I reject it outright. The crisis is here to stay and there's nothing so far, from any corner of the world or its experts, which indicate a way out. The problem has been seriously mis-read.

The blacmail of Jindal back fired..should resign...By: Rajiv | Friday , 31 Oct '08 11:19:56 AM Reply | Forward The blackmail backfired due to grid and immaturity of Mr Jindal. He should resign for childish behaviour and tantrums for goverment dole. When reservation is discussed, this guys want merit as criteria , now they want several monetory support from Govt.

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