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By SOMINI SENGUPTA NAVI MUMBAI, India — With an infusion of bling, Bollywood and go-go boots, a new cricket league is trying to spin off India’s colonial inheritance into a money-making symbol of a brash, emerging nation. Whether the Indian Premier League, as it is called, will ultimately succeed in cultivating a loyal fan base at home, challenging cricket’s world order and globalizing the game of the former British Empire remains to be seen. Already, it has upturned many conventions of an erstwhile gentleman’s game, drawn corporate sponsorships from multinational firms selling everything from cellphones to real estate and, with salaries comparable to the English Premier League of soccer, lured some of the top names in international cricket, including players from India’s traditional rivals, like Australia and even Pakistan. The game itself is a fast and furious brand of cricket called Twenty20 — referring to 20 overs per team — in which games are played in about three hours. In contra...

The Indian coalition government led by Sonia Gandhi, the Congress party leader, and Manmohan Singh, the prime minister, is watching the return of inflation to India with understandable alarm. Political analyst Ashutosh Varshney remarked recently that inflation was the only economic statistic with any bearing on Indian elections. Economic growth impresses foreign investors but not Indian peasants, as the previous government led by the Bharatiya Janata party discovered when its “India shining” slogan failed to convince voters in 2004. This time it is the Congress party that faces the wrath of the electorate. Another election is due in the next year and inflation has risen to 7.6 per cent, well above the Reserve Bank of India’s “comfort level” of 5 per cent. Rising food and fuel prices threaten to reverse the trend of poverty reduction that has benefited tens of millions of south Asians in the past few years. High inflation is likely to undermine what public support there is for the furth...

I usually go to eat Nepali food in the Week end . SO I went to get some dall ,bhaat ,mashu and Achar in a local Nepali restaurant .Only one in town ..Food was delicious . After i was done ,I went to pay . Owner said that he has increased the price for the food because of rising food price globally.It made me think about how people are affording rice in South Asia .especially those people who earn ,less than a dollar a day ?? 1)In india left and BJP were opposing and asking to stop trading in future commoties .India emposed a ban in rice export . 2)President bush in his recent statement said " Prosperity in countries like India is "good" but it triggers increased demand for "better nutrition" which in turn leads to higher food prices," Its true that dispobale income and population of India is growing , people are consuming food and services more .Which is one of the main reson for food price to go up butwe need to think about the poor people who still liv...

This article was first printed in New Business age...This is an excellent article to read to know the present economics senario of the country .. By Madhukar SJB Rana Since Fiscal Year 2001/02 Nepal’s economic performance has been very disappointing as compared to 1991/92-2000/01. During this period GDP growth rate dropped from an annual average of 4.8 percent to 2.8 percent, which is just a little above the annual population growth of around 2.3 percent. Such decline by 58.3 percent is significant because all the gains from the donor-driven structural adjustment programmes, started in 1982, have possibly reversed. This implies that future reforms to liberalize the economy would have to be even more radical should the government wish to jumpstart economic growth to catch up with lost opportunities. The stagnancy in average per capita income has, undoubtedly, added to the chronic economic hardships faced by households of the common person, especially the urban poor. The Gini coefficie...