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Tirunelveli (Tamil Nadu): Amid tight security, Kudankulam Nuclear Power Plant returned to full strength on Tuesday after the Tamil Nadu government gave the go-ahead to the stalled Indo-Russian project with officials hoping the first unit would be commissioned “as soon as possible”. “We are happy that the government is...
By Nitya Chakraborty The reforms lobby in the UPA-2 Government was in an upbeat mood on Tuesday afternoon after the defeat of the opposition amendments in Rajya Sabha to the President’s address by a comfortable margin. Out of the total of 245 members in Rajya Sabha, the UPA-2 has...
SINGAPORE: Franklin Templeton funds that focus on developing economies are heavily invested in energy stocks as the firm believes oil prices have room to increase further, the head of its emerging markets group Mark Mobius said on Tuesday. “If you look at inflation and the oil price over the...
India is firmly committed to realise the new bilateral trade target of $90 billion by year 2015. The concessional duty tariff extended by the Indian government to the least developed countries in Africa is expected to step up African exports to India. Stating this in his address at the...
NEW DELHI | (Reuters) – Slowing growth and a fall in commodity prices may help rein in inflation, a deputy governor of the Reserve Bank of India said on Tuesday, fueling expectations of a rate cut in the central bank’s April monetary policy review. Bond yields and swap rates...
NEW DELHI: India’s infant mortality rate of 47 per thousand live births is worse than its neighbouring countries like Nepal, Sri Lanka and Bangladesh, Health and Family Welfare Minister Ghulam Nabi Azad said. “In India, the infant mortality rate (IMR) is 47 per thousand live births which translates into...
NEW DELHI: The government today said it expects to garner Rs 1,500 crore in revenue from the auction of FM Radio Phase III license, for providing services in 227 cities, in addition to 86 cities covered currently. “Total revenue expectation from three phases of (Phase III) FM radio auction...
The BJP today hit out at the government and the Planning Commission for its claim that the number of people living below the poverty line has fallen, alleging that the Manmohan Singh regime has lowered the daily income level and appears to be setting a “starvation line”. Deputy Leader...
After winning votes in the Lok Sabha on its proposed National Counter Terrorism Centre (NCTC), yesterday, the government survived the Rajya Sabha test too today, defeating BJP and Left amendment motions on the issue. Both the Samajwadi Party and the BSP voted with the government. The SP had supported...
By Amulya Ganguli If the Congress leadership is serious about learning lessons from the recent electoral setbacks, as both Sonia and Rahul Gandhi have said, there will be no better place to start than in paying heed to Salman Rushdie’s strictures against the party’s futile policy of minority appeasement....
New Delhi: Trinamool Congress leader Mukul Roy is the new Railways Minister. He was sworn in at the Rashtrapati Bhawan on Tuesday morning; he replaces party colleague Dinesh Trivedi who resigned on Sunday. It was mission accomplished for Trinamool Congress chief Mamata Banerjee. Mukul Roy, who was the Minister...
MUMBAI: The unbridled freedom and powers given to tax authorities in this year’s Budget could spark a furious face-off in the coming months between companies determined to protect their profits in a slowing economy and an equally resolute tax department eager to wrest every last bit of revenue, experts...
India’s spending on imported weapons was behind a 24% growth in the global arms trade over the last five years, a Sweden-based think tank says. Statistics published yesterday by the Stockholm International Peace Research Institute show demand from emerging economies – in particular India – drove the volume of...
NEW DELHI: The chief of the Defence Research and Development Organisation (DRDO) complained to Defence Minister A K Antony today that the ministry had not allocated enough funds for research and development, given the number of weapon development projects on the anvil. Speaking at a DRDO conference in New...
HYDERABAD: Embraer, the Brazilian major, has signed a memorandum of understanding with Air Works to create a spare parts repository for all its executive jets in India. This MoU paves the way for parts of Embraer’s jets to be housed in Bangalore, which will serve as the central hub...
CHENNAI/HYDERABAD: Remos Aircraft GmbH, a Germany-based company that manufactures high-tech components for the aviation industry and builds light sports aircraft (LSA), is all set to hover over the Indian skies. “We are in the process of obtaining certification for our Remos GX glass cockpit LSAs from the Directorate General...
NEW DELHI: Thanks to its aggressive shopping in international arms bazaars and very limited indigenous supplies, India was the world’s largest arms importer between 2007 and 2011, according to the latest data from the Stockholm International Peace Research Institute (SIPRI). India accounted for 10% of global arms imports in...
CHENNAI/HYDERABAD: Air Works India Engineering, an independent aircraft maintenance, repair and overhaul (MRO) company, is targeting revenues of Rs 300 crore during the next financial year. “We are likely to close the current fiscal with Rs 260 crore revenues, and expect to reach Rs 300 crore by the next...