Amman: President Bashar al-Assad faces renewed international pressure to end the bloodshed in Syria but, with peace envoy Kofi Annan visiting Damascus, his government blamed Islamist militants for a massacre in which UN observers had implicated his army. Annan, on a mission from the United Nations and Arab League, is scheduled to meet Assad on Tuesday, when he can be expected to urge compliance with the tattered ceasefire deal which...
04:01 AM, May 29, 2012
Kollam (Kerala): The two jailed Italian marines in Kerala who were put up at the Trivandrum Central Prison since February have been shifted to a Borstal School in Kochi on Friday, officials said. Italian Marines Latorre Massimillano and Salvatore Girone were first sentenced by a court in Kollam to 14 days' custody on Feb 20 after they shot dead two Indian fishermen, Ajesh Binki, 25, and Gelastine, 45, allegedly mistaking...
05:57 PM, May 25, 2012
Kollam (Kerala): The two jailed Italian marines in Kerala who were put up at the Trivandrum Central Prison since February have been shifted to a Borstal School in Kochi on Friday, officials said. Italian Marines Latorre Massimillano and Salvatore Girone were first sentenced by a court in Kollam to 14 days' custody on Feb 20 after they shot dead two Indian fishermen, Ajesh Binki, 25, and Gelastine, 45, allegedly mistaking...
05:57 PM, May 25, 2012
Washington: US President Barack Obama on Saturday called on the US Congress to back his efforts for tough new financial industry oversight, saying a $2 billion trading loss at JPMorgan underscored the need for such regulation. "We've got to finish the job of implementing this reform and putting these rules in place," Obama said in a weekly radio address that accused some on Wall Street of causing the 2007-2009 economic...
06:14 PM, May 20, 2012
Beirut: Security forces fired rockets that ripped through a building in Syria's central city of Hama on Wednesday, killing at least 12 people and wounding dozens more, activists said, in a bloody violation of the shaky ceasefire in the country. The British-based Syrian Observatory for Human Rights said the Hama district of Mashaa al-Teran had been hit by heavy fire. The grassroots Local Coordination Committee put the death toll from...
02:35 AM, Apr 26, 2012
New Delhi: In a politically and economically crucial and bold decision the government on Tuesday informed Parliament that it was willing to decontrol diesel prices. The government in a written reply told the Rajya Sabha that the decision to decontrol diesel prices has been taken in principle. However, the government added that retail selling prices would be moderated to insulate the common people. The decision comes just two days after...
01:48 PM, Apr 24, 2012
Congress leader Salman Khurshid said on Tuesday that Parliament must be concerned with issues of public interest. ...
11:55 AM, Apr 24, 2012
New Delhi: The post-recess budget session of Parliament resumed on Tuesday. The government is planning to bring in three key finance sector reforms " the Pension Regulatory Bill, the Insurance Bill and the Banking Reforms Bill " in the current session. The priority, however, will be to see that the Finance Bill is cleared by the House. It may not be smooth sailing for the government, however, as the Opposition...
11:14 AM, Apr 24, 2012
New Delhi: Some firework in expected in Parliament by the Bharatiya Janata Party (BJP) on the CD row on Monday as the House reconvenes for the second part of the Budget session. The government is planning to bring in three key finance sector reforms " the Pension Regulatory Bill, the Insurance Bill and the Banking Reforms Bill " in the current session. The priority, however, will be to see that...
07:50 AM, Apr 24, 2012
Doha: Calling for international financial sector reforms to overcome global economic uncertainties, India on Monday said the role of developing countries should have a say in the decision making process for such reforms. Speaking at the UNCTAD XIII, General Debate, Commerce and Industry Minister Anand Sharma said India is willing to work with the international community to ensure global policy coordination for the healthy recovery of the global economy. "We...
03:12 AM, Apr 24, 2012
Washington: Indian Finance Minister Pranab Mukherjee has urged lagging International Monetary Fund (IMF) members to move quickly to ratify quota and governance reforms that will give developing nations a greater voice in running the 188-nation global lender. The reforms, that were agreed to in 2010, are still pending because only 53.7 per cent of the members had ratified them as against 70 per cent required for the voting quota and...
01:43 AM, Apr 23, 2012
Washington: Finance Minister Pranab Mukherjee expressed confidence lawmakers will approve key financial sector reforms this year, despite concerns political gridlock could delay any meaningful bills until a new government takes office in 2014. Mukherjee said in an interview on Saturday night that India's reforms are a "continuing process" which is following its natural path through different instances of government. "It is not that there is any stoppage of the reforms,"...
10:46 PM, Apr 22, 2012
Washington: After the furore over his remarks to a think tank, Chief Economic Advisor Kaushik Basu feels India will see "some important" reforms in the next six months, including on subsidies and may be partial diesel decontrol and FDI in retail. However, he feels the "biggest reform" GST (Goods and Services Tax) may be tougher because it is good and not everybody wants it to happen under the present regime....
03:08 PM, Apr 22, 2012
New Delhi: India's Chief Economic Advisor Dr Kaushik Basu's statements on policy paralysis led to the BJP accusing the government of being in a coma and the government blaming the Opposition for the situation. Boardroom corners, industry chambers, policy-makers - everwhere - this was a hushed up conversation. And now its official - an admission coming from none other than Basu. "Reforms are unlikely before the 2014 elections. Bureaucracy doesn't...
10:31 PM, Apr 20, 2012
The Chief Economic Advisor has said that there are unlikely to be major economic reforms before the next elections. ...
08:42 PM, Apr 20, 2012
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