The poor will now need to reach the homes of ministers and bureaucrats to get free food.
The center has claimed it as another achievement of the government and has welcomed the fall of the Indian Rupee against the US Dollar.
Latest reports coming from various cantonments suggest that the soldiers in Indian Army have been asked to study textbooks on economics, finance, markets, etc. because they could soon be called in to take control of the Indian economy.
Over five hundred Indians living in New York gathered yesterday outside the Indian consulate to celebrate the first “India Shining” day, as the American currency continued its rise against the rupee, reaching a record Rs 59 per US dollar.
Taking an “out of the box” approach to the problem of GDP growth rate dipping below 5%, Prime Minister Dr. Manmohan Singh today took out his Android phone and launched Google Maps to look for “directions”.
After GDP growth rate dipped to 4.8%, which is the lowest in a decade, the government has come up with an innovative solution to stop the negative sentiments that follow.
After the government rejected the suggestions of Kelkar panel to sharply reduce subsidies on fuels, the panel has come back with the same set of recommendations, claiming that the reduced subsidies will stop communal forces from coming to power.
India’s leading CEOs, market analysts, and other randomly rich persons have expressed shock and disbelief at the childish behavior of the middle class of India, which has been endlessly cribbing over the bold steps taken by the government like slashing subsidy on LPG and Diesel.
Confused over which economy to downgrade next, financial services company and rating agency Standard & Poor’s (S&P) has decided to downgrade the whole human race.
After India experienced a meager 5.3% of GDP growth rate – the lowest in the last 9 years – in the March Quarter of the last fiscal year, experts have been trying to analyze and unravel this setback. Economists and policy makers have put forward various explanations for the low rate, but the most significant development on this front has been the nomenclature of this growth rate.