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New Delhi: The 9th Pravasi Bharatiya Divas concluded here on Sunday with a happy note highlighting the several achievements of Overseas Indians and non-resident Indians (NRIs) across the globe. The President of India, Pratibha Devisingh Patil conferred Pravasi Bharatiya Sanman Awards to as many as 14 Overseas Indians and one Qatar-based social organization for their outstanding contributions. Though the Overseas Indians continue to prosper and contribute to the economy of the country of their residence or domicile, the situation in Malaysia appears to be different. There may few exceptions like Tan Sri Dato Ajit Singh of Malaysia who received the Pravasi Bharatiya Sanman Award.

New Delhi: A Memorandum of Understanding was signed between Ministry of Railways and Rashtriya Ispat Nigam Limited (RINL), a central Government PSU under Ministry of Steel, here today, for setting up of a new Rail Axle Manufacturing Factory at New Jalpaiguri in West Bengal.

New Delhi: The Committee set up by the Ministry of Information & Broadcasting to review the TRP measurement in India submitted its report to the Minister for Information & Broadcasting, Smt. Ambika Soni here today. The report was submitted by the Chairperson, Dr. Amit Mitra, Secretary General, FICCI, alongwith Ms. Neerja Choudhary and Shri Rajiv Mehrotra.

New Delhi: Nearly three decades after it was first conceptualized, the Initial Operational Clearance for the Light Combat Aircraft was accorded today when the Defence Minister Shri AK Antony handed over a formal “Release to Service Certificate” of Tejas aircraft to the Chief of Air Staff, Air Chief Marshal PV Naik, at a function in Bangalore. The “Release to Service certificate” is prepared by Regional Center for Military Airworthiness, an organization under CEMILAC (Center for Military Airworthiness and Certification) which has thoroughly scrutinized the entire design, development, equipment testing and the results of flight testing of all the systems of Tejas over the last several months. This is the first time an indigenously designed and developed military fighter aircraft is being certified for Air Force operations. This occasion marks a very important achievement in the design and development of Tejas in particular and military aviation in the country as a whole. After this, Tejas aircraft will be available for use by the Indian Air Force Pilots.

DHAKA, BANGLADESH – Social enterprises are making an important contribution to inclusive economic growth and in providing opportunities for the poor in the Asia and Pacific region, but they need financing from impact investors to scale up their efforts. A social stock exchange offers a possible mechanism to bring the two together.

Election results are a barometer to measure the popularity of a ruling party and the performance of its government. They also indicate the level of opposition’s standing among the people. Judged by these criteria, the last week’s outcome of Himachal Pradesh local bodies elections indicate that the BJP’s popularity in the urban areas is on the wane while the hibernating faction-ridden Congress shows signs of a comeback.

What is wrong with the Reserve Bank of India? Why does the country’s foreign exchange controller want to turn down the seemingly wonderful offer from the Central Bank of the Islamic Republic of Iran to accept Rupee payment for crude oil sale to India? The RBI’s reaction to the Iranian offer is rather inexplicable in view of the fact that the country’s foreign exchange reserves have fallen below the level of India’s external debt for the first time in several years. And, India’s trade deficit, this year, threatens to top the $135-billion mark.

New Delhi: The President of India, Pratibha Devisingh Patil called upon the Overseas Indians to invest in healthcare, education and infrastructure sectors and make the country slum-free.

New Delhi: About 20% of the India are poor and hence at the bottom of the pyramid despite country’s rapid economic growth. The very purpose of inclusive growth is defeated. Market economy alone cannot solve the problem. The country need to develop social and institutional capital, according to Prof Gautam Ahuja of the University of Michigan, USA.

New Delhi: Banking on the possible cross-border linkages of north-eastern India with the countries in the South-East Asia, efforts were made to woo Overseas Indians at the PBD conclave to invest in this region, particularly in healthcare, education and tourism.