Chief economic adviser V Anantha Nageswaran and his team are right in calling out the high degree of opaqueness in credit rating methodologies. In a document titled Re-examining Narratives: A Collection of Essays, published by his office, Nageswaran makes the point that the lack of transparency in the assessment methods of the agencies makes it […]
A makeshift bridge, set up as part of Christmas celebrations at Poovar near Neyyattinkara here, collapsed causing injuries to several persons, police said. A senior officer of the district said that 7-8 persons were injured in the incident with one of them — a woman — suffering a major fracture in her leg. The officer […]
The rupee gained 32 paise to close at 82.50 (provisional) against the US dollar on Thursday, supported by a weaker greenback overseas. Forex traders said factors like strong Asian peers and crude oil prices trading below USD 80 per barrel also helped the currency. At the interbank foreign exchange market, the local unit opened at […]