New Delhi: Finance Minister P Chidambaram will seek to drum up foreign investment from the United States and Canada this week to fund a record high current account deficit, even as policymakers debate the risks of over-reliance on foreign investors to finance the gap. As Chidambaram kicks off a week-long North America trip, his officials are working on a series of steps to attract at least $20 billion in new...
04:59 PM, Apr 14, 2013
New Delhi: Finance Minister P Chidambaram is embarking on a week long visit to Canada and the US on Sunday to sell India's growth story to foreign investors and participate in the World Bank/IMF spring meetings in Washington. During his tour, he is expected to talk about the recent steps taken by the government to speed up large projects and measures to bring down fiscal deficit. With India facing high...
06:24 PM, Apr 13, 2013
Los Angeles: 'Django Unchained' star Jamie Foxx will be awarded the highest honor at 2013 MTV Movie Awards for his huge contribution in the entertainment industry. The 45-year-old actor, who also remains active as a musician and comedian, is set to receive the award at the ceremony which will be held on April 14, reported Ace Showbiz. "As a comedian, Academy award-winning actor and Grammy award-winning artist, Jamie Foxx is...
05:57 PM, Apr 13, 2013
New Delhi: India's industrial output rose at a meagre 0.6 per cent in February against an expansion of 4.3 per cent in the corresponding month of 2011-12, government data showed on Friday. Barring consumer goods, all other sectors of the industrial output basket declined. The performances of the mining, electricity and consumer non-durables sectors were disappointing, indicating the continuing slowdown in Asia's third largest economy. The industrial output, as measured...
09:58 PM, Apr 12, 2013
New Delhi: Finance Minister P Chidambaram on Friday asked banks to gear up for the rollout of direct cash subsidy scheme to cooking gas (LPG) consumers throughout the country. "I have asked them (bankers) to get ready for the rollout of LPG for the whole country," Chidambaram told reporters after a meeting with senior PSU bankers in New Delhi. As a pilot project, the government has decided to give cash...
07:43 PM, Apr 12, 2013
New Delhi: The Finance Ministry on Friday made a strong case for rating upgrade of Indian economy by global agency Fitch on the back of increasing investments, declining import of gold and government's commitment to fiscal prudence. The issue of rating upgrade was raised by Finance Ministry officials at a meeting with the representatives of Fitch here. The meeting was attended by Department of Economic Affairs Secretary Arvind Mayaram, among...
04:53 PM, Apr 12, 2013
Pakistani Author Mohsin Hamid, whose new book 'How to Get Filthy Rich in Rising Asia' recently released and who is working with Mira Nair on her movie based on his book 'The Reluctant Fundamentalist', spoke to CNN-IBN's Suhasini Haidar about living in Pakistan. He said, "Minorities are being targeted in Pakistan, they are being terrified and frightened." ...
01:39 PM, Apr 12, 2013
London: Southampton captain Adam Lallana has signed a new five-year deal at the Premier League club, Saints announced on Thursday. The attacking midfielder, who turns 25 next month, follows goalkeeper Kelvin Davis, striker Rickie Lambert, as well as midfielders Morgan Schneiderlin and Jason Puncheon who have all signed new contracts in recent months. Lallana struck his third top-flight goal in last weekend's win over Reading, which took him to a...
09:04 AM, Apr 12, 2013
Matt Damon will next be seen in 'Elysium', a sci-fi film that also star actress Jodie Foster. Set in the year 2154, the film will hit the screens on August 9. ...
03:48 PM, Apr 11, 2013
The fate of 19 Indian fishermen jailed in Sri Lanka for allegedly crossing into Lankan waters will be decided on Thursday, when the case comes up for hearing in Mannar court. Sri Lankan Minister of Livestock and Upcountry Development Arumugam Thondaman, however, told CNN-IBN that the fishermen were likely to be freed. He said, "The case will come up for hearing at the Mannar court on April 11. We will...
09:05 AM, Apr 11, 2013
New Delhi: Planning Commission Deputy Chairman Montek Singh Ahluwalia on Wednesday said the benchmark price for spectrum auction is "unrealistic" and favoured lowering of reserve price as the previous two attempts to sell airwaves were "unsuccessful". "Spectrum is a national resource. We had two unsuccessful attempts to auction it. It's quite clear that reserve price is too high. "What actually I suggested is that we have a choice, we can...
01:07 AM, Apr 11, 2013
For the first time in the Indian Premier League, Kings XI Punjab won their opening encounter and captain Adam Gilchrist feels that the team would do good this season. ...
09:12 PM, Apr 10, 2013
Mumbai: Even as Maharashtra faces one of its worst droughts in four decades and people are forced to drink dirty water, thousands of litres of water was wasted during Maharashtra Forest Minister Patangrao Kadam 's visit to Marathwada region on Tuesday. Kadam visited Aurangabad on Tuesday to meet BJP leader Gopinath Munde, who is sitting on a fast against Maharashtra government's policy to tackle drought, and convince him to end...
03:38 PM, Apr 10, 2013
Mohali: Kings XI Punjab, fresh off a commanding win over Pune Warriors India, host the two-time IPL champions Chennai Super Kings at the PCA Stadium here on Wednesday. After losing their opening encounter against Mumbai Indians by nine runs, CSK will hope to kick-start their season against Punjab. Traditionally slow starters, MS Dhoni's team knows how to peak, which is exactly what they will aim against Adam Gilchrist's team. A...
03:45 AM, Apr 10, 2013
Chennai: A recent visit to an organ donating organisation made Telugu actor Navdeep Pallapollu to realise the importance of organ donation. The visit ended up convincing him to pledge to donate his organs as well. "Saw some amazing acts of humanity and compassion at the Mohan foundation's 10th anniversary! A successful organ donating organisation. Pledged to be an organ donor," Navdeep posted on his Twitter page. He even feels organ...
11:18 PM, Apr 09, 2013
New Delhi: In the proposed third round of spectrum auction, the government may put on block 2G GSM airwaves in Delhi and Mumbai circles and CDMA spectrum in 13 circles that remained unsold in the previous sale held last month, sources said. The government earlier had said that it would conduct the third round of auction putting on block all 2G spectrum freed from cancellation of 122 licences, after the...
09:48 PM, Apr 09, 2013
Mumbai: Maharashtra Deputy Chief Minister Ajit Pawar may have admitted to making the biggest blunder of his political career over his 'urine' remark, however, residents of Patkul village in Solapur are incensed by his Marie Antoinette-like remark. "He wants us to drink urine? Is that what he is saying?" a resident asks. With taps and water pumps here having run dry two months ago, the water tankers, sighted once in...
09:47 PM, Apr 09, 2013
Coimbatore: Four women were injured on Tuesday when the police escort vehicle of Union Finance Minister P Chidambaram hit an autorickshaw in which they were travelling near Koilpalayam, 25 km from Coimbatore, police said. Chidambaram was proceeding to Coimbatore airport after attending a function at Udumalpet in Tirupur District, when the incident occurred, police said. The escort vehicle hit the autorickshaw with five passengers as it was turning into the...
06:47 PM, Apr 09, 2013
How has Andhra Pradesh responded to the bandh call over power tariff hike? Political analyst & independent member of Andhra Pradesh Legislative Council K Nageshwar joined IBNLive readers for an interaction on the issue. Q. People put the politicians to power and have got to pay a high price for it? Is it maladministration or sheer rational pricing which makes the government compelled to hike the power tariff. Asked by:...
05:38 PM, Apr 09, 2013
New Delhi: The Supreme Court will begin hearing final arguments in the contentious Mullaperiyar dam row between Kerala and Tamil Nadu on Tuesday. There has been tension between the two states over the safety of the dam which is 120 years old. The SC is hearing a case filed by Tamil Nadu against a law passed by Kerala in 2006 restricting the water level in the dam to 136 ft....
09:25 AM, Apr 09, 2013
