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The wages of prohibition
Business Standard / New Delhi July 16, 2009, 0:41 IST

NK rides again
This is the second volume of essays/columns by NK Singh, or NK as he is generally known. These essays span the period of summer 2007 to summer 2009. The first thing that strikes the reader about these columns is the extraordinary variety of topics, ranging from the management of global economic risks to issues of Parliamentary oversight to a blueprint for the revival of Nalanda University. To anyone who knows NK, such variety and range would come as no surprise. Indeed, I was mildly disappointed not to find an essay on the challenges of nurturing roses or one on the finer points of photography, both of which figure among NK’s manifold interests.

News of the day

NTPC files for FPO
Country"s largest power producer NTPC today filed the draft prospectus for its follow-on public offer with market regulator Sebi.
International Business

Re appreciates by 28 paise, at 46.46/$

The Indian rupee appreciated by 28 paise to 46.46 a dollar in early trade today as the US currency weakened against other Asian currencies. - Oil mixed in Asian trade ahead of US housing data - Re down 15 paise, at 46.63/$ in early trade - Rupee at 46.44/$, down 33 paise - Re appreciates 28 paise at 46.01/$ - Oil surges higher on weak dollar, equity gains - NIIT Tech Q2 net declines 12% on forex losses At the Interbank Foreign Exchange (forex) market, the domestic unit strengthened by 28 paise to 46.46 a dollar. The rupee ended 26 paise lower at 46.74/75 a dollar in the previous session. Dealers said the US currency weakening against other major currencies bolstered the rupee sentiment. Expectations of fresh capital inflows as stock markets may open on a strong footing, in line with firming trends in Asian market, also gave a boost to uptrend, they added.


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