Flat's better

Railway Minister Mamata Banerjee is not the only minister in the UPA cabinet who prefers a four-bedroom flat to a bungalow in Lutyens’ Delhi. Bijoy Krishna Handique, minister of mines, hasn’t shifted to a bungalow either and is quite happy to stay at his existing flat.

Cause celebre

fashion designer Wendell Rodricks, in his activist avatar, keeps the goan cause afloat.

David Reilly: Bank regulators need not meddle in accounting

Here’s one thing that leaders of the Group of 20 (G-20) nations don’t need to work on at their Pittsburgh meeting—accounting rules. There is no surer way to give investors short shrift, or lay the groundwork for future financial crises, than to politicise accounting. Nor do investors need bank regulators sticking their noses into this area. If regulators want to ensure that banks are better able to withstand losses, they have the power to do so on their own.

S Korea to host world financial meeting ahead of G-20 summit

South Korea will host a world financial meeting ahead of a G-20 summit later this year as part of its efforts to help promote global financial stability, the country"s financial regulator has said.

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