Classifieds

In an environment characterised by slowing growth, poor investor sentiment and NPA-strapped banks, the government has its task cut out. When private investment is skittish, public investment must step in There are many lessons to be learned from the two months of turmoil that we have witnessed since  November 8 , but one stands out. The government not only underestimated the capacity for inefficiency and wrongdoing of our commercial banks, but also appears to overestimate their ability to turn around a shocked economy. Up until the deadline of December 30, from across the country, we have had reports of money meant for release to the public in exchange for the old notes being siphoned off to the influential and those with the capacity to pay for this. So, while the ordinary citizen queued for hours over days, India’s rich and powerful have had the newly issued currency notes in multiples of crores delivered at their doorstep. This could not have happened had bank officials n...

The AirSelfie drone can capture photos and videos in midair

First responder Thunderbird

Quote of the day - Ocean engineer

Pure water