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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.

New Delhi: Fourteen notable Overseas Indians today received Pravasi Bharatiya Sanman Award from the President of India, Pratibha Devisingh Patil for their outstanding contributions.

New Delhi: “India is a player on the global stage. The country’s status as a rising economic power is closely connected with how it manages this next phase of growth, balancing rapid development with the environment and most importantly, the need to ensure all people have opportunity,” says World Bank Group President Robert B. Zoellick. He said India’s needs, especially for financing its ambitious infrastructure and human development programs, are growing rapidly, as it strives to improve the lives of a billion people, one-third of whom are desperately poor.

New Delhi: The President of India, and the Supreme Commander of Indian Armed Forces, Smt Pratibha Devi Singh Patil awarded the prestigious Presidential Standard to 31 Sqn AF and Colours to 9 Base Repair Depot (BRD) AF, during a grand ceremonial parade held at Air Force Station, Lohegaon in Pune, this morning. The Commanding Officer of 31 Squadron Wg Cdr Ashutosh Srivastava received the Standard whereas Air Officer Commanding of 9 BRD, Air Commodore BR Chandran received the Colours from the President. Both formations of the Indian Air Force (IAF) are based at Pune.