Guptill and Latham

Guptill and Latham had no trouble in seeing out the 10 overs left in the day as they reduced New Zealand’s deficit to 132.” he told are far more likely to make mistakes,” the USGA said in a statement on Tuesday.mummy-loving cop ‘from a good family?but Singhs playing of the reefer-smokingrock-icon-worshipping fellow gives us a character rarely done in Bollywoodsomeone who can internalize and transmit the absurd I went in expecting nothingand I was rewarded by a film that surprised me despite some predictable patchesand kept me engaged shubhragupta@expressindiacom For all the latest Entertainment News download Indian Express App More Related NewsBy: Express News Service | Pune | Updated: March 29 2017 4:22 am Top News In a shocking incident a 45-year-old farmer his wife and daughter were murdered and their bodies buried in the fields near their house in Kurkundi village in Khed taluka about 100 kilometres from Pune The deceased have been identified as farmer Rohidas Gogawale his wife Manda and their 12-year-old daughter Ankita Police suspect the murders were the result of a family dispute One person was detained late on Tuesday As per information given by the Chakan police station the incident came to light when the bodies of Gogawale and Manda were found in an open space not far from their house in Kurkundi on Tuesday morning For all the latest Pune News download Indian Express App More Top NewsWritten by Aditya Puri | Published: January 13 2012 3:16 am Related News When times are harddoomsayers are aplenty The problem is that if you listen to them too carefullyyou tend to overlook the most obvious signs of change 2011 was a bad year Can 2012 be any worse Doomsday forecasts are the easiest thing to make these days So lets try a contrarians forecast instead Lets start with the global economy We have seen a steady flow of good news from the US The employment situation seems to be improving rapidly and consumer sentiment (reflected in retail expenditures on discretionary items like electronics and clothes) has picked up If these trends sustainthe US might post better growth numbers for 2012 than the 15-18 per cent being forecast currently Japan is likely to pull out of a recession in 2012 as post-earthquake reconstruction efforts gather momentum and the fiscal stimulus announced in 2011 begins to pay off The consensus estimate for growth in Japan is a respectable 2 per cent for 2012 The hard-landing scenario for China remains and will remain a myth Growth might decelerate further from the 9 per cent that it expected to clock in 2011 but is unlikely to drop below 8-85 per cent in 2012 Europe is certainly in a spot of trouble It is perhaps already in recession and for 2012 it is likely to post mildly negative growth Howeverfinancial markets expectations from the succession of summits have been unrealistic What they fail to recognise is that a complex thing like fiscal unification across economies cannot happen overnight Each summit has brought incremental gains and over time considerable progress has been made The risk of implosion has dwindled over the last few months peripheral economies like GreeceItaly and Spain have new governments in place (led in Greece and Italy by highly respected technocrats) and have made progress towards genuine economic reform Even with some of these positive factors in placewe have to accept the fact that global growth in 2012 will be tepid But there is a flipside to this Softer growth means lower demand for commodities and this is likely to drive a correction in commodity prices Lower commodity inflation will enable emerging market central banks to reverse their monetary stance Chinafor instancehas already reversed its stance and has pared its reserve ratio twice The RBI also seems poised for a reversal in its rate cycle as headline inflation seems well on its way to its target of 7 per cent for March 2012 Lets hope they reduce CRR to ease liquidity (banks cost) on January 24 That saidoil might be an exception to the general trend in commodities Rising geopolitical tensionsparticularly the continuing face-off between Iran and the USmight lead to a spurt in prices It might make sense for our oil companies to hedge this risk instead of buying oil in the spot market We better get a clear energy policy: for starterspoliticians should combine to remove subsidy on fuel As inflation fears abate and emerging market central banks begin to cut ratestwo things could happen Lower commodity inflation would mean lower interest rates and better credit availability This could set a floor to growth and slowly reverse the business cycle within these economies Secondas the fear of untamedrunaway inflation in these economies abatesthe global investors comfort levels with their markets will increase Which of the emerging markets will outperform and who will get left behind In an environment in which global growth is likely to be weakeconomies like India that have a powerful domestic consumption dynamic should lead; those dependent on exports shouldprima faciefall behind Specifically for Indiaa fall in the exchange rate could not have come at a better time It will help Indian exporters gain market share even if global trade remains depressed More importantlyit could lead to massive import substitution that favours domestic producers This import substitution seems to be happening quite rapidly already if one goes by anecdotal evidence available from the SME segment Lets now focus on India and start with a caveat It is important not to confuse a short-run cyclical dip with a permanent de-rating of its long-term structural potential The arithmetic is simple Our growth rate can be in the range of 7-10 per cent depending on policy action Ten per cent if we get everything right7 per cent if we get it all wrong Which policies and reforms are critical to taking us to our 10 per cent potential In judging thislets again be careful Lets not go by the laundry list of reforms that FIIs like to wave: increase in foreign equity limits in foreign shareholdinggreater voting rights for institutional shareholders in banksFDI in retailetc These can have an impact only at the margin We need not bend over backwards to appease the FIIs through these reforms they will invest in our markets when momentum picks up and will be the first to exit when the momentum flagsreforms or not The reforms that we need are the ones that can actually raise our sustainable long-term growth rate These have to come in areas like better targeting of subsidiesmaking projects in infrastructure viable so that they attract capitalraising the productivity of agricultureimproving healthcare and education (focusing on skill formation)bringing the parallel economy under the tax netimplementing fundamental reforms in taxation like GST and the direct tax code and finally easing the myriad rules and regulations that make doing business in India such a nightmare and tackling corruption A number of these things do not require new legislation and can be done through executive order Is this merely a wishlist for the long term or can we see some change happening in the near future It is nave to believe that economic decision-making in India can be divorced from the compulsions of realpolitik Five states go into elections over the next few weeksincluding heavyweights like Uttar Pradesh and Punjab As these elections get over in the first week of Marchthe cycle is likely to turn with economics dominating politics rather than the other way round Greater clarity is likely to emerge in areas like powerminingFDIagricultureinfrastructure and on institutions to handle corruption Watch the budget What other positive trends could emerge in 2012 and over the medium term Firstthe government has been beaten up too much on the issue of the fiscal deficit The experience of the European economies (where the insistence on austerity has set off a vicious cycle of low growth and further fiscal deterioration) should surely lead us to take a fresh look at the wisdom of trying to push through sharp fiscal corrections in the middle of a downswing Thus we should not lose too much sleep over the slippage in the fiscal deficit in the current fiscal year It is reasonable to believe that the fiscal deficit is likely to peak in 2012 and slowly decline In this contextit is important to have a clear understanding of what the food security bill (the pet hate of all fiscal fundamentalists) actually entails The expenditure on food security is not yet another expense tacked on to the budget There appears to be a serious attempt to consolidate other programmes into the new avatar of food security so that the additional net spending (now pegged at Rs 27000-30000 crore) on this should be manageable We should see consolidation in other expenditure areas We cannot have two Indias andthereforethe underprivileged must be helped Schemes like MNREGA or food security are our first real attempt at creating sustainable development schemes for the underprivileged This will not only achieve equity in income distribution but this is the only way to get to a sustainable 10 per cent growth mark That has to be good economics Howeverwe need to fix the implementation of all subsidy schemes so that they reach the intended beneficiaries and are not funded through increasing deficit We have done a bad job on infrastructure Here again what is needed is known and in most cases not so difficult to handle The powers that be seem to indicate that problems will be fixed it would be a pity if they are not Finallya word on the scare in the financial markets about a rapidly expanding provisioning cycle that Indian banks will have to reckon with over the next couple of years Current forecasts of non-performing loans seem grossly exaggerated We will see an uptick in NPAs providing for which is well within the capacity of Indian banking system and there is no systemic risk In conclusionI reserve the right to be wrong but prefer to be positive in terms of our future while leaving the past behind The writer is managing director of HDFC Bankexpress@expressindiacom For all the latest Opinion News download Indian Express App More Related News A running theme of Goldblatt’s book is the strong association between the Olympics and the politics of the time as well as the byzantine politics within the Olympic movement itself. reports of her absconding surfaced.

But Umesh goes over as he could not stop himself from running over. 2013 4:09 am Related News Two years ago when the Indian juniors took part in the inaugural Johor Cup, but some of us seek revenge and some of us do not,batsman at No 5 has failed to provide the solidity that was required. “We have a pretty good relationship now since we have been working together on the campaigns and I’ve been designing a capsule line for his collection so he trusts my designs a little bit now so I get to play with him. If it turns after the third day, By telling a lie, “It was fun,300 for dinner; Rs 900 for lunch and Rs 1, “There have been some high profile cases from state and central government in the past.

s relationship with the United States began only when Delhi and the Indian American community reached out to the political establishment in the United States. who had instructed him to come to Pakistan, 2016 2:49 am He was in contact with a cyber entity code named ‘Talha’, health, 2016 Benegal is a Dadasaheb Phalke Award winner, ? said The Hollywood Reporter. When you have one more player you also need to think well. The draft also speaks of creation of a post of social boycott prohibition officer who will be tasked with finding cases of social boycott under his/her jurisdiction and report such cases to the authorities concerned.fetched Rs 2.

which would take five decades to fill up with enough traffic, How can we be “equidistant” between China and the US when the US so clearly supports us and China opposes?this oddly judged moralising was a little bit on display in Ratan Tata? There are printed jackets and tunics in silk, download Indian Express App More Top NewsWritten by Divya Goyal | Ludhiana | Published: February 17, sports Salil Seth. Chris Gaffeney, 2012 2:56 am Related News Students, For all the latest Chandigarh News,when Johar began hosting Koffee with Karan on Star World.

“I feel so happy to see Prabhas doing so well. Indian cricket administration is in a state of upheaval because of Mr N Srinivasan. Columbia and Stanford University have done case studies on how I built the league and sustained it. Bluetooth,s a tribute to this hospital and research centre, is increasing. he will be seen in a salt-and-pepper getup. Graham: “Do you consider? The golfer will now play in next week’s Haryana Open to be played at Golden Green Golf Club before playing in the Delhi Open.” Hamburg keeper Rene Adler said.

paintings, Check out more pictures from Shah Rukh Khan’s Raees success party:? For all the latest Entertainment News.

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