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
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
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
New Delhi: Gujarat Chief Minister Narendra Modi on Friday refused to comment on the feud in the top leadership of the party. Modi, who was in New Delhi for a meeting with the Planning Commission to finalise the state's annual plan outlay, ignored queries from reporters on the leadership tussle in the party since its national executive meeting in Mumbai last week. He was asked questions on an editorial in...
11:18 PM, Jun 01, 2012
New Delhi: It's summers in most parts of India and demand for power is at a peak of 2,17,000 megawatt (MW). But the power generation is much less at 1,99,877 MW and poor transmission and distribution is making it worse. Many cities like Delhi, Bangalore, Chennai are facing long power cuts and 40 per cent of the country does not get electricity at all. About 6 lakh villages do not...
11:06 PM, Jun 01, 2012
Prime Minister Economic Advisory Council chairman C Rangarajan has admitted that the economic situation is critical. ...
10:55 PM, Jun 01, 2012
New Delhi: Information technology sector in the country witnessed steep decline in hiring activities as most companies embraced cost cutting measures to tide over uncertain economic conditions, say experts. "Hiring activities have seen a dip of 29 per cent in IT and ITeS sectors in May 2012 from the preceding month," MyHiringClub.com CEO Rajesh Kumar said. However, he said that other industries have increased recruitment activities by 13-15 per cent...
04:44 PM, Jun 01, 2012
Dhanush is no more just an actor, or a singer for that matter. The National Award winner is taking the avatar of a producer, with a film titled 'Edhir Neechal'. Popular television star Siva Karthikeyan (of 'Marina' fame) and Priya Anand will be the lead actors. Senthil, a former assistant of Vetrimaaran, is making his debut as a director with 'Edhir Neechal', a title which has apparently been inspired from...
03:11 PM, Jun 01, 2012
New Delhi: The Prime Minister on Friday approved setting up of an Investment Tracking System to speed up the implementation of projects. A statement from the Prime Minister's Office said that the tracking system has been set up to address the issue of major investment projects being delayed for a variety of reasons. The issue had come up in the last meeting of the Prime Minister's Council on Trade and...
01:26 PM, Jun 01, 2012
New Delhi: The All India Engineering Entrance Examination (AIEEE) results for 2012 are expected to be declared on Friday, June 1. Over 11 lakh students across the country are anxiously waiting for the same. Candidates can go to http://aieee.nic.in/aieee2012/aieee/welcome.html to check out their results. The All India Engineering Entrance Examination (AIEEE) is conducted to screen candidates for admission into various engineering courses offered by the National Institute of Technology (NITs)....
12:46 PM, Jun 01, 2012
Chef Sayed Alam of the Leela Palace explains the recipe of a healthy carrot cake. ...
11:15 AM, Jun 01, 2012
Hyderabad: The Andhra Pradesh Chief Justice has suspended Special CBI Judge Pattabhi Rama Rao for alleged irregularities. Pattabhi Rama Rao was hearing the Obulapuram mining scam case. He had granted bail to prime accused Gali Janardhana Reddy on May 11 in the case. Reddy, however, is still in jail in another case. Judge Rao was also hearing the EMAAR case and heard the petition for defreezing YSR Congress chief Jagan...
09:34 AM, Jun 01, 2012
New Delhi: Defence Minister AK Antony will articulate India's view on maritime security, freedom of use of sea lane and piracy during the Asia Security Summit to be held in Singapore on Saturday. On the sidelines of the Summit, also known as Shangri-La Dialogue, Antony will also hold bilateral talks with the leaders of several key countries such as France, Sri Lanka, South Korea, Canada, Vietnam and Tonga. "Antony will...
04:21 AM, Jun 01, 2012
New Delhi/Mumbai/Nashik: The dramatic drop in Indian economic growth isn't bothering the likes of Mahendra Saraf. A farmer, he works in a sector that has seen growth shrink to 1.7 per cent in the first three months of 2012 against 7.5 per cent in the same period last year. But Mr Saraf, 26, is confident the blow to his profits will be cushioned by government agricultural subsidies. "Global and domestic...
01:02 AM, Jun 01, 2012
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