Word: indianized
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...reform, the government has gradually eased its control over the rice trade during the past 15 years. India is now more open to the world - and more exposed to global price fluctuations. Farmers and traders across India are now selling to the highest bidder. That means a lot of Indian rice that was once sold domestically is instead sold abroad for higher prices - which in turn drives up domestic prices. The government, in an effort to keep as much rice as possible at home to quell inflation, has banned exports of nonbasmati rice and adjusted price controls to discourage exports...
...problem is that intervention usually has unintended consequences. In theory, the export ban should ease prices in India because more rice should be available. But because the global price remains a benchmark, Indian rice traders are resistant to selling their stocks for much less than they would get on the international market. That means less rice on the domestic market and higher prices for Indians. As economist Swaminathan S. Anklesaria Aiyar wrote recently in the Times of India, cutting exports is a form of national hoarding: "Governments would like to believe that hoarding by traders is terrible, whereas hoarding...
...that you featured a cover story on Tibet when the world is preparing to participate in the most prestigious international athletic event in China. The world community should pressure China to end its occupation of Tibet. As an Indian American, I'd like India to stop treating China as a brother and the U.S. to stop the hypocrisy of doing business with China while maintaining its embargo against Cuba. Vishwanath Ayengar, WAPPINGERS FALLS...
...revisions, the Lower House can approve the bill with a two-thirds majority. The DPJ says that if the LDP does this, then they could slap a formal reprimand against Fukuda. And last November, when the bill to renew Japan's anti-terrorism refueling mission in the Indian Ocean became a point of contention, the DPJ also suggested a reprimand and opposition party leader Ichiro Ozawa left for a trip to China with his senior advisors in a spectacular display of disapproval. Nevertheless, the bill ended up passing three months past deadline...
TransUnion, in Chicago, has successfully outsourced legal work for four years, according to general counsel John W. Blenke. "Every law firm is really an outsourcer. One lawyer usually can't do it all," he says. Indian attorneys are currently reviewing more than a million litigation e-mails for the company, which costs less than $10 per hr., he says. He would pay $60 to $85 per hr. to a U.S.-based legal-staffing company for the job. Blenke says he's cautious, however, about the work he outsources. "You can only do it with a few things...