Nayan Shankar

Dear Leader goes on his evening podcast and announces to the nation that henceforth, there will be a price cap on cars. All cars will have to be sold at the very affordable price of Rs 1 lakh. What will happen? You don’t need to know economics to answer this. Common sense will do. All manufacturers will stop making cars that cost more than Rs 1 lakh, for why would they sell at a loss?

BENGALURU/MUMBAI: Demand for gold was subdued in major Asian hubs this week as high prices dampened consumer interest, although some hefty discounts on offer in India led to a slight uptick in buying ahead of a major festival season. Gold futures in India, the biggest bullion consumer after China, were trading around Rs 38,504 per 10 grams on Friday, easing from a record high of Rs 39,885 touched on Wednesday.

Punjab education department has directed district education officers not to ask government school students to purchase uniforms from any shops. Representational Image CHANDIGARH: Punjab education department has directed district education officers not to ask government school students to purchase uniforms from any shops.