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Posts Tagged ‘Indian Economy’

India has initiated reverse brain drain. Realizing how many scientists, doctors, engineers and other professionals they loose every year, Indian government is taking steps to lure them back to the country.

The scheme for NRIs, though still in infancy, has already netted at least 40 PHDs and MTechs working in academics or industry in countries like US, UK, Japan and Sweden.

“We are intensifying the drive. In 2007 alone, we received 150 applications from NRI scientists and engineers and finally picked up 22. The number of applicants is increasing, with the majority coming from US,” a top Defence Research & Development Organisation (DRDO) scientist said.

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Forbes magazine just released its list of billionaires for 2008. Everyone is surprised by the news that Bill Gates is no longer the richest man: it is now Warren Buffett. Bill Gates has dropped to number three. Should we feel sorry for him? But what surprised me it that they are the only two Americans on top ten. Whereas there are four Indians on the top ten list:

  • Lakshmi Mittal (ranks forth with $45)
  • Mukesh Ambani (ranks fifth with $43 B)
  • Anil Ambani (ranks sixth with $42 B)
  • K.P. Singh (ranks eighth with $30 B)

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Lallu Prasad Yadav picked a bollywood theme of his fifth Railway Budget. Chak de Railways, he exclaimed. In his presentation of the Union Railway Budget, he recited:

lallu-cartoon.jpg

 

Sab kah rahe hain humne gazab kaam kiya hai,

Karoron ka munafa har ek shaam diya hai,

Phal salon yeh ab dega, paudha jo lagaya hai,

Sewa ka, samarpan ka, har farz nibhaya hai.

 

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“Why you spend so much money on hay?” I once asked Ramu uncle.

He was busy feeding the cows in his backyard. His overworked body was scarred but strong. He had no time for a pesky boy. I asked again.

He tuned to me with visible annoyance in his eyes, “What is that to you?”

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