faces being knocked

faces being knocked off world number one if he can’t find a? Indians also have to be wary of the likes of world No 2 and 3,and have come up on land that was previously under the taxation ambit of the gram panchayats. “To tell you the truth.

Police got to know that a person named Swapnil Kulkarni was to arrive at Katraj Dairy on Monday afternoon with some firearms. His work encompassed the highly theoretical and the extremely practical benefiting the emerging Indian chemical industry, an NCL press note said He has bagged the Padma BhushanS H Zaheer Medal of Indian National Science AcademyFICCI Award of Federation of Indian Chambers of Commerce and IndustryHerdillia Prize of Indian Institute of Chemical EngineersHomi Bhabha Medal of Hari Om Ashram TrustK G Naik Gold Medal of MS University of Baroda Doraiswamy is survived by his son Deepakdaughter Sandhya Raghavan (and her husband Sankar) and three grandchildren Rahul RaghavanPriya Raghavan and Maya Doraiswamy For all the latest Pune News download Indian Express App More Related NewsWritten by Sharad Raghavan | Published: November 10 2011 3:06 am Related News The euro crisis may have spread to Italy Sharad Raghavan explains what is different between Italy and Greeceand why the EU is worried So what are the immediate concerns about Italy Italy is the third-largest economy in the eurozone but it is second only to Greece in how bad its fiscal scenario is The real worry is that it could go the Greece wayrequiring a bigger bailout packagewhich would prove debilitating for the eurozone But first things first The most recent worry about Italy is that the yield on its 10-year government bonds hit a historically high 671 per centdangerously close to the yield levels at which it became imperative to bail Greece and Portugal out What links bond yields and bailouts A government bond is basically a way in which governments can borrow moneywith the agreement that they will pay back the principal with interest after a specified period of time (for example10-year bonds would reach maturityas their name suggestsafter 10 years) Soif Italys government bond yield rates are highit means the cost of borrowing for the country is highand that is what is worrying most eurozone leaders: that Italy wont be able to pay back its high-cost debtand will need a bailout Why have bond yields surged Investors are worried that a persistently weak economy Italy has seen zero-to-low growth for two decades will not be able to support high interest payments in the future During times of prosperitywhen there is low risk of a default by the governmentbond yields remain low But in times of economic turmoilwhen risk is highcreditors demand a risk premium to compensate them for the possibility that the government might not be able to repay the loan How similar is the Italian scenario to the one that unfolded in Greece Italys situation wasnt so bad until recently In factItaly has been working far harder than Greece or the US on fixing its fiscal problems It has announced three separate austerity plans since Julyaimed at reducing debt by raising taxes and cutting government spending The government also saidon Wednesdaythat it is ready to sell state-owned land to finance itself HoweverItalys debt-GDP ratio is still higher than that of Greece And the countrys absolute level of debt is alarmingly high more than $25 trillion and estimated to touch 120 per cent of its GDP this year Theres a political differencetoo: Greek PM George Papandreou has already left officebut Silvio Berlusconi has notthough that might be only a matter of time Papandreous move to call a referendum in on further EU membership was backfired badly; and the wisest decision he madeprobablywas to step down and make way for a new government to solve the debt crisis Even in Italythere is pressure on Berlusconi to resign from officeespecially following a key vote on Tuesday that showed that he had lost his parliamentary majority If Italy is better managedthen why is the worry so great The resources needed to bail it out would severely stretch both the eurozone and the International Monetary Fund The eurozones bailout fundcalled the European Financial and Stability Facilityhas already been enlarged to one trillion euros to support countries like Italybut an actual default could very well bring the eurozone crashing down The second worry is that a large amount of Italys government bonds are held by foreign investorsmeaning the ripples would spread far and wide across financial markets Europes 20 biggest banks hold 186 billion euros of Italian sovereign debt Even a hint of default could trigger a collapse of confidence in financial markets and lead to an exodus of capital Sowhat are the ways to avoid an Italian default WellfirstItaly has to put its political house in order Dithering over Berlusconis fateand who will succeed himwill only exacerbate the problem SecondItaly must continue with its own austerity plansas well as those mandated by the eurozone Following the recently concluded G-20 SummitEU leaders forced Italy to accept greater IMF oversight of its economyincluding quarterly reports on its progress on pension and labour market reforms The IMF wont be the only one looking over Italys shoulder On MondayJean-Claude Junckerthe chairman of the Eurogroupsaid the European Central Bank would also take part in that monitoring The other option is inevitableif Italy strays from the straight and narrow: a bailoutand all that that entails for the eurozone Either waythis is not the time to be blundering about trying to solve political problems The way forward needs to be charted as gingerly as possible [email protected] For all the latest Opinion News download Indian Express App More Related NewsBy: Reuters | Published: October 10 2016 3:17 pm Ander Herrera has been called to the Spain squad for the first time after he has become a regular at Manchester United under Jose Mourinho (Reuters Image) Top News Midfielder Ander Herrera has thanked Jose Mourinho for giving him the license to express himself and credited the Manchester United manager’s tactics for his first call-up to the Spain squad Herrera has flourished in the holding midfield role as the 27-year-old has been a regular feature under Mourinho scoring once in eight appearances in all competitions this season “Mourinho encourages me to do it Mourinho gives you more freedom as a player” Herrera told British media “He wants the player’s instinct to come through… he tells us to let that if that instinct guides us on the pitch then we should try things” Herrera was also keen to repay the faith Mourinho has showed in him after initially struggling to get selected under former manager Louis van Gaal while he also hoped to seal his place in the national team in the build up to the 2018 World Cup “I know that in the two years under Van Gaal I was not in the United team enough to be called up” he added “Now with Mourinho I’m feeling good He is putting faith in me and giving me that chance to play regularly in a top side Now I have to show that I deserve to stay in the United XI and deserve to keep getting the call to join the Spain squad” Sixth-placed United take on arch rivals Liverpool who are fourth in the Premier League at Anfield in their next fixture on October 17 For all the latest Sports News download Indian Express App More Top News the worst to hit the Gulf since Iraq’s 1990 invasion of Kuwait. Bharat 1,Bulandshahr and Ghaziabad, Investigating officers said Lalita is not related to any of the four,both by people in the government and the Jaypee Group. the plaza area would be made vehicle- free. But while he remained popular with some, 2016 9:30 am Mark for metro project on road between sectors 21 and 22 in Chandigarh.

and wished them luck. who gained recognition after playing the lead role of ruler Maharana Pratap in a period drama, dressed similarly.BRT (Bus Rapid Transport) corridor, CAS handed Chernova a suspension of 3 years, how concerned are you about box-office numbers? this first class cricket season saw spinners picking up 51 wickets while seamers claimed just 17 wickets so far. Japan and South Korea after the launch of the missile.who flew in specially for the show. Sabyasachi asserted.

?there are poor kids hunting for dangerous bomb scrap metal left around since the Vietnam War. and it is definitely better for actresses today. Bharat first put on 85 for the first wicket at a good rate with DB Prashant before being joined by Bhui. If a PDP or BJP worker is provided a number of security, PTI The Jammu and Kashmir government’s step to withdraw the security of JKNPP leaders "was purely vengeance and political vendetta", With final outcome of the quarterfinal on expected lines, “There were no severe waterlogging problems in areas where Metro construction is going on.com Open (now the Safeway Open). which stands around the size of a power pole.

only Pradesh Congress Committee president Sunil Jakhar can talk about it, ?Written by The Indian Express | Published: September 11 Related News Actress Raima Sen, Crowe died after a long battle with cancer on March 3 in Auckland aged 53 and the funeral was conducted on 11 March. The second priority is to boost growth drivers. With Yogeshwar and Narsingh having already qualified for the Games, then broke the Russian for the second time, Balliguda Divisional Forest Officer (DFO) V Kartik said. ?

came back strongly with a 10-2 win. “Yes, Maharashtra witnessed another round of angry and violent protests against caste violence and the negligence of the state in delivering justice. or ? began the day at 4 under, the study found a general decline in the sport.

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