New Delhi: A sharp slowdown in India's foreign trade added to the woes of Asia's third-largest economy and piled more pressure on the weak coalition government to take steps to boost economic growth. Indian exports inched up 3.23 per cent to $24.5 billion in April from a year earlier after falling in March, data released on Friday confirmed, a far cry from the more than 20 per cent growth recorded...
05:22 AM, Jun 02, 2012
New Delhi: Upset over the new IIT joint entrance test pattern announced by the government, alumni of the institute in Delhi have decided to form lobby groups and meet the Prime Minister to get the decision rescinded. In decisions taken at a meeting on Friday, IIT (Indian Institute of Technology) Delhi Alumni Association decided to meet the Prime Minister next week to submit a memorandum with objections on the new...
04:41 AM, Jun 02, 2012
London: A British couple left their million pound prize winning lottery ticket stuck to their fridge for two months and only found that they had struck it rich when tipped off by their newsagent. Alan, 46, and Kim Elliott, 45, from Aspley, Nottingham had bought the ticket on March 23 from the same newsagent and found out that they had made it they took several old tickets to the newsagent...
04:23 AM, Jun 02, 2012
Lucknow: Seeking to fulfil his party's election promises, Uttar Pradesh Chief Minister Akhilesh Yadav on Friday made provisions for unemployment allowance, waiving farm loans and giving laptops to students in his maiden state Budget for 2012-2013. Amidst walkout by BSP, Yadav presented the Budget saying that he has inherited a shattered economy that has been marred by corruption. The Budget proposed no new tax, while listing several incentives for a...
03:50 AM, Jun 02, 2012
Thiruvananthapuram: A crucial by-election to the Kerala Assembly from Neyyattinkara segment in the district will be held on Saturday after a tumultous month-long campaign by the ruling Congress-led UDF and opposition LDF and BJP. A total of 1.6 lakh voters are eligible to cast their ballots in the polls. Though the main battle in Neyyatinkara, situated in the southernmost part of the state, is between R Selvaraj (Congress) and F...
03:31 AM, Jun 02, 2012
Lucknow: Uttar Pradesh Chief Minister Akhilesh Yadav, who presented his maiden budget in the state Assembly o Friday, said efforts have been made to fulfil promises made to the people during the state election. "An effort has been made to fulfill all the poll promises," he said after presenting the annual budget for the current financial year. Yadav said no new tax has been proposed in the budget and efforts...
03:10 AM, Jun 02, 2012
Bangalore: Karnataka Chief Minister DV Sadananda Gowda on Friday ruled out the prospect of the state facing early assembly elections and asserted that the BJP government would complete its full term. Reports suggesting that the state might face assembly elections ahead of its schedule were "incorrect", he said. Gowda's remarks contradicted a claim by his predecessor BS Yeddyrappa who had said on May 30 that the state was likely to...
02:54 AM, Jun 02, 2012
New Delhi: Against the backdrop of slowing economy and perception of policy paralysis, Prime Minister Manmohan Singh on Friday sought to give a push to mega projects of over Rs 1,000 crore by putting in place a mechanism to track their progress and address hurdles. Waking up to delays caused to large projects on account of clearances, Singh announced that the Investment Tracking System would submit quarterly reports so that...
02:39 AM, Jun 02, 2012
Chandigarh: The Haryana government on Friday said it will not reduce tax on petrol as the price of fuel is already less in the state in comparison to rates prevailing in neighbouring states. Chief Minister Bhupinder Singh Hooda on Friday said price of petrol in Haryana was already less as compared to neighbouring states. Hooda was replying to questions after presiding over a meeting of the state cabinet here today....
02:26 AM, Jun 02, 2012
New Delhi: Faced with a tough situation in the Andhra Pradesh by-elections, Congress on Friday made it clear that it does not see the bypolls as a "referendum". "This is no referendum. These are by-elections and not general election.... We give them due importance a by election deserves," party spokesperson Renuka Chowdhary said. She was replying to questions on whether the Congress believes that the results in Andhra Pradesh by-elections...
01:58 AM, Jun 02, 2012
Beirut: Peace envoy Kofi Annan said on Friday he was "frustrated and impatient" a week after a massacre in Syria of 108 people shocked the world, and there were signs Russia might be moving closer to the West's position on tackling the crisis. President Vladimir Putin denied that Russia, which has a base in Syria and supplies it with weapons, was providing the government with the means to crush rebels,...
01:45 AM, Jun 02, 2012
Kochi: With the rupee continuing with its free fall, RBI on Friday said it was doing everything it can to stabilise the exchange rate to reduce volatility of the currency. "... That has been our approach from the time this (depreciation) started and we will continue it," RBI Deputy Governor Subir Gokarn told reporters here on the sidelines of a function. He, however, declined to make any projections, saying "there...
01:30 AM, Jun 02, 2012
Lucknow: The previous Mayawati government in Uttar Pradesh had spent over Rs 121 crore on decorative advertisements during the last five years to showcase its programmes and achievements, the UP Legislative Council was informed on Friday. In a written reply, the state government said in 2007-08 over Rs 13 crore was spent on advertisements while in 2008-09 over Rs 20 crore were spent. Likewise, in 2009-10 over Rs 17 crore...
01:13 AM, Jun 02, 2012
Hyderabad: The Centre for DNA Fingerprinting and Diagnostics on Friday received the blood samples of ND Tiwari, the youth who claims to be his biological son and also the youth's mother for the DNA test over the paternity suit involving the veteran Congress leader. The blood samples of the youth Rohit Sekhar and his mother Ujjwala Sharma were collected in the Delhi High Court on May 26 while Tiwari gave...
12:53 AM, Jun 02, 2012
New Delhi: Five global financial services majors, including Morgan Stanley, Stanchart and Citi, have lowered India's growth prospects to 5.7-6.4 per cent for the current fiscal, a day after markets received a "shock" from nine-year low GDP growth of 6.5 per cent for 2011-12. In their reports to clients worldwide, most of them blamed policy inaction by the government as a major roadblock to the Indian economy, which had expanded...
12:39 AM, Jun 02, 2012
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