He said three key points must be considered before implementing the proposal, including a legal dispute whether the government owns the festival.

BBC: India's Kumbh Mela TV rights sale plan put on hold

The government announced a delay in implementing a major tax proposal unpopular among foreign investors, providing an immediate boost to local shares.

WSJ: European Elections Hit Asian Markets

They should get moving on implementing this sensible, past-due proposal or be forced to spend the rest of their existence in a place like La Guardia.

FORBES: Fact and Comment