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Domestic air traffic stabilises
The fall in domestic air traffic seemed to have stabilised with official figures today showing a marginal increase of 30,000 in passenger load in August from the previous month. generic levitra

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V V: Keynes - The Master returns
Unlike the Chicago economists under Milton Friedman who argued that the unrestricted operation of private enterprise—seen as the most efficient form of economic organisation—was essential for economic development and that prices should be determined purely by market forces and inflation controlled by means of controlling money supply, Keynes, the most influential macroeconomist of the 20th century, had argued in his classic work, The General Theory of Employment, Interest and Money, that there is uncertainty in the world—uncertainty that cannot be reduced to statistical probabilities and has come to be described as “unknown unknowns.” This irreducible uncertainty, he said, lay behind panics and bouts and the instability of market economics that we see around us today. Robert Skidelsky, in his three-volume study of Keynes (1994), reminded us that the master had warned us against relying on econometric models of his own theories:

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D-Street to remain volatile, say analysts
Dalal Street is likely to witness high volatility and remain range bound with an upward bias as investors will tread cautiously despite the right signals from the government in terms of financial reforms, analysts say.
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India Eco Summit: Microsoft India going easy on hiring

Microsoft India, the wholly-owned subsidiary of world"s biggest software firm, is going easy on hiring this year and will instead focus on consolidation, its country head said today. - India Eco Summit: Accenture to hire 8,000 in India - India Inc to witness 20-30% pick up in hirings - Microsoft to cut 800 jobs worldwide - DLF back on hiring ways, to add headcount to match growth - India Inc gears up for hiring, salary hikes - iGate to hire 1,500 people next year "There will be no significant hiring," Microsoft India Chairman and Corporate Vice-President Ravi Venkatesan told reporters on the sidelines of the India Economic Summit here. "Microsoft, which has a headcount of 5,300 people in the country, had hired "a few hundreds" last year. Most of the top domestic and transnational companies go for campus placements from the engineering and management schools around October-December. Venkatesan said "(Steve) Barmer (global CEO) has gone on record saying this is a period of consolidation," rather than adding to the headcount. The $58-billion global software leader has six business units in India, which include research centre, development centres and sales and marketing divisions. The company, which boasts of running most of the personal computers worldwide on its operating system, has three centres in Hyderabad. The other units are in Bangaluru and Gurgaon. Asked about the response to the Microsoft"s latest version of the operating system Windows 7, Venkatesan said "we are seeing very good early response".


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