Nothing creditable
The performance of the credit rating agencies seems to be getting worse day by day. The country's top rating agency, Crisil, has downgraded ITC Classic Finance's non-convertible debenture and fixed deposit schemes -- they are now classified as having "inadequate safety" -- on the same day the company posted huge losses which have nearly wiped out its entire net worth.
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The distant dream of Dravidian unity
Chief Minister M. Karunanidhi has harked back to a past that sounds more distant than just three decades ago in pressing recently a demand for a "Dravidian university".
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