In 2000, that was when I started earning enough to save some, I bought a pension policy from LIC. It came for an annual premium of Rs 25,000 and promised to pay about Rs 20,000 every month after 25 years — that is starting 2024 when I would be 55 years and retiring. Read more

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Posted by Rajesh Mahapatra on Wednesday, August 31, 2011 at 9:27 am
Filed under India · Tagged Anna Hazare, bribe, corruption, dreams, Europe, India, inflation, Manmohan Singh, money, monthly income, rajesh mahapatra, US
In a May 31 posting on this blog, I had argued how and why the economic deceleration that we were beginning to see could get worse. I had said we would be lucky if we notched up 8% growth this year. Until then the government and several other agencies were sticking to a 9% forecast. I would have loved to be proved wrong. But the slowdown is indeed getting worse. Read more

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Posted by Rajesh Mahapatra on Wednesday, August 3, 2011 at 12:50 am
Filed under India · Tagged economic deceleration, eu, euro zone crisis, India, india's farm output, indian economy, india’s fiscal deficit, japan, monsoon, prime minister's economic advisory council, rajesh mahapatra, Reserve Bank of India, US, us debt crisis
Last week, a former guerrilla leader won presidential elections in Brazil – South America’s biggest economy and the world’s eighth largest. Read more

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Posted by Rajesh Mahapatra on Wednesday, November 10, 2010 at 12:50 am
Filed under India, world · Tagged America, Barack Obama, Brasilia, Brazil, Brazil’s first woman president, Dilma Rousseff, economy, guerrilla leader, House of Representatives, India, Indian media, leaders, Luiz Inacio Lula da Silva, Obama’s visit, Party of Democrats, South America, United States, US, Washington