YANGON: Two years ago,Myanmarwas to the Association of Southeast Asian Nations (Asean) what Bihar was toIndia: Dogged in its isolation, a region with low development indices and one the West loved to hate — a state perpetually on the defensive. However,Myanmar’s growth has also been as rapid as that...
MUMBAI: In growing evidence of banks’ deteriorating asset quality, the number of corporate loans referred to the corporate debt restructuring (CDR) cell in April was the highest in any month since the cell was set up in 2001. Senior officials said the cell received 18 cases with an aggregate...
NEW DELHI: Power, cement and steel companies, which are facing uncertainty due to environmental and other regulatory issues over their captive coal blocks, can now relax. This is because the government will soon come out with a policy on allocation of alternative coal blocks to them. The group of...
NEW DELHI: A ministerial panel on mining in forested areas is likely to take into consideration Coal Minister Sriprakash Jaiswal’s concerns regarding the location of National Thermal Power Corporation’s (NTPC) proposed North Karanpura project in Jharkhand, which he says is situated too near to a huge reserve of dry...
NEW DELHI: State-owned Hindustan Petroleum Corp Ltd (HPCL) today reported a four-fold jump in its net profit in the March quarter on back of lump sum subsidy it received from the government to cover for fuel losses in the 2011-12 fiscal. Net profit in January-March quarter rose to Rs...
Hindustan Aeronautics Ltd has signed a tripartite General Contract with United Aircraft Corporation -Transport Aircraft (UAC-TA), their Russian partner and their JV, Multirole Transport Aircraft Ltd (MTAL) for the Multirole Transport Aircraft (MTA) project. HAL will carry out the design & development of its workshare of MTA at Aircraft...
MUMBAI: Three global giants are interested in purchasing Dutch firm ING Asset Management’s Indian mutual fund business, which may be carved out of the Asian operations and sold separately. South Korea’s Mirae, Vanguard and US-based Pramerica have held talks with ING on the issue, people close to the transaction...
NEW DELHI: Finance Minister Pranab Mukherjee will meet the chairmen and managing directors of state-run banks on June 12 to review their performance for the previous financial year and will also discuss the road map for the current financial year. The ministry will review public sector banks’ performance on...
By Ashis Biswas In recent years, a disconcerting ”blow hot, blow cold “ approach on certain issues, has dominated India’s dealings with its south Asian neighbours like Bangladesh, Myanmar and China. This needlessly arcane approach is currently affecting the performance of regional groupings, founded on the basis of collective...
By Rashmi Saksena Three ‘encounters’ in a span of a month brought home to me the misfortune of today’s child who does not know what it is to go out in the evening to fly a kite, kick a ball with friends or pile up seven stones and team...
By S. Sethuraman While UPA-II blames global uncertainty rather than acknowledging its own poor management of the economy, which has taken the country back to a near-crisis reminiscent of 1991, the road ahead is going to be even more challenging for sustaining even a relatively moderate growth at 7...
By Amulya Ganguli Any joy which the BJP might have felt at the return of the two sulking prodigal sons, Narendra Modi and B.S. Yeddyurappa, to the party’s conclave in Mumbai was quickly dispelled by the evidence of more sulks – this time by L.K. Advani and Sushma Swaraj,...
By Praful Bidwai The United Progressive Alliance has no cause to celebrate as it completes three years in power. It observed the anniversary with self-destructive tactlessness by raising petrol prices by 12 percent and courting strong opposition. UPA-2 shows no real sense of public purpose, and increasingly, even of...
By Barun Das Gupta Prime Minister Manmohan Singh’s current visit toMyanmaris in continuation ofIndia’s efforts to deepen and widen her ties with her immediate eastern neighbour.Indiacooled off toMyanmarafter the army captured power and set up a highly authoritarian and anti-democratic regime. Wedded as...
By B.K. Chum in Chandigarh Haryana is again in the news, more for socio-security reasons than political. Even as the reprehensible Mirchpur tragedy in which Dalits houses were set afire burning alive a Dalit and his handicapped daughter still haunt the memory, incidents of Dalits migrating from some other...
From Pradeep Kapoor LUCKNOW: With local bodies elections now being held in June, Uttar Pradesh is once again set for testing the popularity of political parties. Although national parties BJP and Congress had been marginalized in UP Assembly polls, but this time they are making sincere efforts to regain...
From P. Sreekumaran THIRUVANANTHAPURAM: The beleaguered Kerala CPI(M) has sunk deeper into trouble with Idukki district party secretary M M Mani kicking up a fresh controversy with a startling admission that the CPI(M) had resorted to killing of political enemies in the past. The Mani statement could not have...
By Surojit Mahalanobis NEW DELHI: American Society for Quality India (ASQ India) during the first week of June, 2012 will tie up with IIT Delhi’s industry interfacing wing, Foundation for Innovation and Technology Transfer (FITT) for jointly developing knowledge based systems and future best practices involving techniques and technologies...