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Yazdi Tantra is a chartered accountant by training, computer consultant by profession, entrepreneur-developer by hobby and trainer in his leisure time. He is currently the vice-chairman of Zoroastrian Co-operative Bank Ltd and has been running a medium-sized computer company ON-LYNE for the past 24 years. 

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Complaint against Big B over 'incorrect' national anthem
New Delhi : Short filmmaker Ullhas PR on Monday filed a police complaint against Bollywood superstar Amitabh Bachchan, accusing him of taking more time than mandated while singing the national anthem during the Twenty20 World Cup clash between India and Pakistan.
 
The complaint was lodged at the New Ashok Nagar police station in east Delhi.
 
Bachchan sang the national anthem on March 19 at the Eden Garden in Kolkata along with thousands at the sprawling stadium -- before the high-voltage match began.
 
Ullhas told IANS: "Amitabh Bachchan sang the national anthem in 1 minute 10 seconds while the mandatory time is 52 seconds. One can take two or three seconds more or less while singing the national anthem but Amitabh crossed the mandated time limit."
 
In his complaint, Ullhas also said that Bachchan used the word "Sindhu" in place of "Sindh" while singing the anthem. 
 
The filmmaker had on November 25 last year filed a police complaint against Bollywood actor-producer Aamir Khan for his remarks on intolerance in the country.
 
Earlier, he lodged a complaint against Aamir Khan following the release of his film "PK", in which he referred to policemen as "thulla".
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Rajan for new global pact to curb 'beggar my neighbour' policies
New Delhi : Reserve Bank of India (RBI) Governor Raghuram Rajan said on Monday that the world needs a new international agreement on the lines of Bretton Woods that created the current multilateral financial system, to prevent central banks from adopting policies that could hurt other economies.
 
"What I have in mind will eventually require a new international agreement along the lines of Bretton Woods, and some reinterpretation of the mandates of internationally influential central banks," Rajan said in a commentary posted on the website of Project Syndicate.
 
"If so, what we need are monetary rules that prevent a central bank's domestic mandate from trumping a country's international responsibility," he said.
 
He said that central banks in developed countries find various ways to justify their policies, without acknowledging that the exchange rate may be the primary channel of transmission.
 
"We can pretend all is well with the global monetary non-system and hope that nothing goes spectacularly wrong. Or we can start building a system fit for the integrated world of the twenty-first century," Rajan said.
 
He said the world is facing an increasingly dangerous situation and both advanced and emerging economies need to grow in order to manage domestic political tensions.
 
"If governments respond by enacting policies that divert growth from other countries, this 'beggar my neighbour' tactic will simply foster instability elsewhere. What we need, therefore, are new rules of the game," he said.
 
Rajan had predicted the 2008 markets crash caused by the housing market crisis in the US that put its economy into deep recession setting off a global slowdown. In 2011, he published the acclaimed "Fault Lines" on how hidden financial fractures threaten the world economy.
 
Predicting the 2008 financial meltdown that is still affecting global economy, Rajan, in 2005, had argued that increasingly complex markets with myriad instruments of credit and mortgage-backed securities in ever greater quantities had made the global financial system a risky place.
 
Almost a decade down the line, Rajan is stronger in his belief that global markets now are at the risk of a crash due to the competitive loose monetary policies being adopted by developed economies.
 
Pointing to the very low interest rate policies of the US Federal Reserve, the Bank of Japan and the Bank of England in a bid to stimulate their economies, Rajan has been warning that emerging markets are especially vulnerable to big shifts in capital flows triggered by the unprecedented monetary accommodation in rich countries.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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