When Nitish Kumar abandoned the Grand Alliance with RJD and Congress to join the National Democratic Alliance (NDA) in August last year, opinions regarding his decision were divided. Some called it a political masterstroke, others called it a mistake; most were cynical. They felt this was perhaps another one of Kumar’s U-turns in his quest to use realpolitik to maintain power, and it could go either way.Maintaining power, as it is turning out, would be difficult. Once considered to be the Opposition’s pitch for Prime Ministerial candidature, Nitish Kumar now seems to be struggling for seats in a state he has ruled for the past 13 years. Kumar had broken his alliance with the NDA before the 2014 general elections, citing differences with PM Narendra Modi.In the elections that followed, Janata Dal (United), Kumar's party, was trounced by the Bharatiya Janata Party (BJP) and its allies in Bihar, reducing the party to two seats while the BJP garnered 22. This was a change from … [Read more...] about Grand Alliance, NDA or go-it-alone: Options galore, but what is Bihar CM Nitish Kumar thinking?
You can’t always trust what you see online. Earlier this year, tiny house guru John Kernohan learned this the hard way when he decided to buy a dome-shaped tiny home off Facebook’s online marketplace. After looking at the company’s website and seeing there were some phone numbers and emails on the customer service page, he decided to pull the trigger and typed in his credit card number—without looking for reviews or reaching out to the company to check how long it had been around, precautions he always encourages prospective tiny house buyers take. advertisement advertisement Everything seemed fine at first: He received a confirmation email and a tracking number. But when the tiny house package arrived, it was suspiciously small, considering that it was supposed to contain an entire tiny house kit, including walls, windows, and an instruction manual to put it all together. Instead, all it had was a USB cable. Lucky for Kernohan, he was able to file a … [Read more...] about You can buy tiny houses on Amazon and Facebook now. That doesn’t mean you should
This year has been the year of turmoil for the Bharatiya Janata Party – it lost assembly elections in Hindi heartlands recently, which has apparently dented the saffron party's prospects in the upcoming general election; and it also lost or is locked in a battle with several of its allies, both big and small.Those that left The year started off with the Telugu Desam Party (TDP), led by Andhra Pradesh satrap N Chandrababu Naidu, pulling out of the BJP-led National Democratic Alliance (NDA) in March. Consequentially, two ministers of the Union Cabinet – P Ashok Gajapati Raju and Y S Chowdary – resigned owing their allegiance to the TDP.Close The reason given by the TDP was the Center's refusal to grant special category status to Andhra, an emotive issue in the state where regional political parties were cornering Naidu over his inability to take action on the request. related news Engineering exports decline 6% in September: EEPC India Chiron Behring … [Read more...] about From smaller parties to bigger fish, a look at BJP’s alliance troubles in 2018
With a loss of 2.27 percent, the BSE Metal index ended as the top sectoral loser on November 13 with all components in the red.Most metal stocks suffered selling pressure on November 13, mirroring the trend in the broader market, as weak factory output data and a falling rupee dealt a blow to investor sentiment.The Indian Rupee plunged to the two-month low level of 72.06 on November 13 after India's industrial output contracted by the most in almost seven years.Close Besides, the uncertainty on the front of US-China trade talks added to the nervousness. related news Rupee slips below 72-mark against USD Infosys share price falls 2%, looks on course to extend losses into 3rd session TCS expands partnership with Phoenix Group; share price up 4% President Donald Trump on Tuesday dangled the prospect of completing an initial trade deal with China “soon,” but offered no new details on negotiations in a campaign-style speech touting his administration’s economic … [Read more...] about D-St Buzz: Metals melt; sectoral index top loser on BSE
The resolution professional (RP) appointed by Jet Airways' lenders, has invited an Expression of Interest (EoI) from prospective applicants by August 3 as part of its efforts to salvage the debt-ridden airline.In an advertisement posted on the airline’s website on July 20, the RP has set a deadline of August 14 to come up with the final list of resolution applicants. The resolution plans will have to be submitted by September 5.The RP has set September 20 as the estimated date for the submission of a resolution plan for approval by the National Company Law Tribunal (NCLT).The next hearing on the insolvency case and RP’s progress report is on July 23.On June 20, a consortium of 26 lenders, led by the State Bank of India (SBI), took the NCLT route as their final resort to recover loans of Rs 8,500 crore. They appointed Ashish Chhawchharia of Grant Thornton as the RP.The airline, which was grounded on April 17, was unable to attract investors after lenders failed to reach … [Read more...] about Jet Airways: RP invites expression of interest by August 3