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May 31, 2008

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Praja Rajyam Chief Chiranjeevi Accept An Offer From The Congress

The Praja Rajyam chief, Mr K. Chiranjeevi, on Tuesday, confirmed that there were moves within the party to accept an offer from the Congress to field a candidate for the Rajya Sabha. While talking to mediapersons, Mr Chiranjeevi said: “It is only a proposal till now and nothing has been decided. We don’t know what the Congress expects from us. We thought the Congress is offering us a seat.’’ He said he is neither aware of the Congress’ plans nor any pre-condition for the seat offer. When scribes told him that the Congress stipulated a merger of the PR with the Congress as a precondition for considering a RS seat, Mr Chirajeevi said he was not aware of it. “Is it wrong to accept the offer? In the past, the Telugu Desam and the Congress offered Rajya Sabha seats to the CPI and CPI(M) as a friendly gesture,’’ Mr Chiranjeevi said. He was reminded that those parties were allies of the Congress and the TD at that time. He was silent when asked about a possible al

charmme Realised after 6 flops

Charmme , who was on an all-time low after tasting six successive failures in the last two years. ‘I was expecting a lot from my last three films (16 Days, Manorama & Kavya’s Dairy), which, I thought, would establish back me in Tollywood. But unfortunately, they fizzled out.’ Charmme feels that she needs to reinvent herself again, as she has the image of an actress who does powerful women-oriented films. She confesses that she has made ‘a big mistake by overdoing skin show.’ Says she, ‘I was just 13 when I came into the industry. I have exposed a lot, which I’m regretting now. It all happened because I was innocent.’She points out an incident when a still photographer of a film climbed a tree to get a top-angle shot without her knowledge and got a revealing look of her cleavage, which was highlighted in the posters! Says the peeved actress ‘Skin show is all about camera angles, and from my experience, it can be done aesthetically with a filmmaker whom you can trust. Other

Time to Tackle India's Budget Deficit

The Indian economy proved resilient during the global financial crisis, partly as a result of aggressive measures to boost government expenditures and cut taxes. These measures, which pushed the central government deficit to nearly 7% of GDP and reversed the downward trajectory of public debt, helped maintain robust growth during a difficult period. Now that the recovery seems on track, it is time to pay the piper and rein in the budget deficit. Deficit reduction poses a big challenge but also provides an opportunity to reorder spending priorities in a way that will support future growth. Indeed, there is much at stake in Finance Minister Pranab Mukherjee's budget speech this week as it will set the tone not just for the fiscal picture but also the contours of India's growth. General government debt now stands at 82% of GDP according to International Monetary Fund estimates, up three percentage points from two years ago. High levels of deficits and d

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