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Harold 'Terry' McGraw III, USIBC chairman and CEO of McGraw-Hill companies, is reported to have written to US President Barack Obama that powerful bureaucrats were running the show in Delhi.

Traders have been warning USD/INR is at risk of testing its mid-December record highs of 54.30, given the slew of domestic negatives and global economic woes.
Only the US, Russia, China, France and the United Kingdom have missiles in their arsenal that can hit targets 5,000 km and beyond.
Relatively less important bills might go through Parliament but major economic reforms would hit the road block, Chief Economic Advisor Kaushik Basu said.