Mulayam Singh Yadav breathed his last at Gurugram’s Medanta Hospital at 8.16am due to multiple organ failure. He was in a critical state in the Intensive Care Unit (ICU) and was administered life-saving medication, according to statements issued by the hospital. Yadav was hospitalised on August 22, and moved to ICU on October 2 after his condition deteriorated. “My respected father and everyone’s Netaji is no more,” tweeted his son and former chief minister, Akhilesh Yadav. HT brings you a round-up of the most important and interesting stories, so you don’t miss your daily dose of news. |
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THE BIG STORY Heartland’s socialist Netaji breathes his last Mulayam Singh Yadav, who rose from the muddy wrestling pits of central Uttar Pradesh to shape the grammar of politics in the heartland and propelled backward caste assertion to power in India’s most-populous state, died in Gurugram after a short bout of illness on Monday. He was 82. Read more. |
STORIES YOU MAY HAVE MISSED |
The Big Question Will Russia's strikes on Ukraine lead to a fresh round of violence? Russia launched its most widespread air strikes since the start of the Ukraine war on Monday, raining cruise missiles on busy cities during rush hour and knocking out power and heat, in what President Vladimir Putin called revenge for a blown-up bridge. Missiles tore into busy intersections, parks and tourist sites in the centre of the capital Kyiv. The General Staff of the Ukraine Armed Forces said 75 missiles were fired against Ukrainian targets, with 41 of them neutralized by air defenses. Read more. |
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 A new rule has changed the game: If someone plays Draw 2 and you have a Skip card of the same colour in your hand, you can play it and bounce the penalty to the next player. Hold on to your Wild cards and guess which addictive game. |
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From the Edit Page A robust credit rating system is key for India The capital market regulator’s extreme step of cancelling the licence of credit rating agency Brickwork Ratings got the financial sector to miss a heartbeat on October 6. Whole time member Ashwani Bhatia’s 51-page order asked Brickwork Ratings to wind down its business in six months and barred it from taking on new clients. Read more. |
Number Theory Festive mobility numbers are both good and bad news Durga Puja and associated festivities are over. Deepavali is weeks away. There is a widespread agreement that festive demand is likely to be major driver of economic activity even as other factors, mostly global and beyond the control of Indian policy makers, generate headwinds for growth. An HT analysis of latest Google Mobility Data shows that festivals have likely led to a big push to consumer spending. However, when read with the status of Covid-19 vaccinations and scientific warnings about the possibility of a new variant driven wave of the pandemic, this rise in mobility also seems like a cause for concern. Here are four charts which explain this argument in detail. Read more. |
From the Field Nobel for lifting the curtain on banking pitfalls There is nothing more deceptive than an obvious fact. This dogma – attributed to Sherlock Holmes – could have been the motto of this year’s Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, more popularly known as the Economics Nobel Prize. The prize this year has been awarded to Ben S Bernanke, Douglas W Diamond, Philip H Dybvig “for research on banks and financial crises”. Read more. |
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Infographic of the Day Moscow drops missiles on Ukraine  (Click to expand) |
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HT This Day: October 11, 1947 Final talks on Hyderabad’s accession  (Click to expand) The Hyderabad Delegation met today Lord Mountbatten and Mr V. P. Menon, Secretary, States Ministry, for the final round of talks on the question of the Nizam’s attitude towards the State’s accession to the Indian Dominion. The talks will be continued tomorrow Lord Mountbatten is not acting in his personal capacity but as the constitutional head and spokesman of the Government of India. Since he began the negotiations on the subject before the Indian Dominion was established, it was considered best to let him resume the thread. Read more. |
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