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India

Successful Test of AGNI - 2

Special Correspondent - 2010-05-17 11:22
New Delhi: The Strategic Forces Command today successfully launched the AGNI A2 missile. The launch was carried out from Wheeler Island off the coast of Orissa.

India: Centre asked States to Provide Slum Dwellers Property Rights

Special Correspondent - 2010-05-17 11:19
New Delhi: The Union Housing & Urban Poverty Alleviation and Tourism Minister Kumari Selja today urged the State Governments to work out Slum-free State and Slum Free City Plans where all the poor residents would own a home and access basic services. Addressing a press conference in Chandigarh , she also urged that all the slum dwellers are provided with property rights to enable them to lead a life with dignity.
India: Politics

GADKARI MAKES A FOOL OF HIMSELF

PUNJAB TOUR LANDS BJP IN A MESS
B.K. Chum - 2010-05-17 10:54
There may be some politicians who believe that generating controversies is the best way to get into public eye. This yardstick can be valid in the case of rootless and second-rung politicians but not for those already holding high public or party positions. In their case it is their reactions to unfavourable political situations or in pursuing their party's goals which usually generate controversies.

HINDU FANATICS ACTIVE IN INDORE

BJP GOVERNMENT IGNORING TERRORIST THREAT
L.S. Herdenia - 2010-05-17 10:40
BHOPAL: The recent arrests made in connection with the bomb explosions at Malegaon, Hyderabad and Ajmer clearly indicate that Indore in Madhya Pradesh has emerged as the hub of Hindu terrorist outfits.
New Delhi Letter

CONGRESS RANKS ALIENATED FROM LEADERSHIP

LOBBYISTS, FIXERS HAVING A GOOD TIME
Political Correspondent - 2010-05-16 09:36
There is certainly some thing common between the Jairam Ramesh episode and the not-so-subtle manner in which the UPA government has managed to produce a comfortable majority during the budget session. Both these together illustrate the present plight of the main ruling party and the widening mismatch between those sitting in South and North Blocs and the large sections of Congress leaders with grass-roots links.
India: West Bengal

LEFT FRONT AT BACKFOOT IN MUNICIPAL POLLS

TRINAMOOL FRONTRUNNER DESPITE COLLAPSE OF ALLIANCE
Sankar Ray - 2010-05-16 09:16
KOLKATA: After the traumatic shock the Left Front and its leader, Communist Party of India (Marxist), had to absorb at the 15th Lok Sabha polls with the tally of LF MPs to the lower house of India's Parliament from West Bengal dropping vertically from 35 to 15 - out of 42 LS seats from the state, the LF — particularly CPI(M) - is to prepare for another severe jerk from the outcome of polls in 81 municipalities and the Kolkata Municipal Corporation , scheduled to take place on 30 May. Only miracles can turn the inevitable partly upside down.

Andamans - A Sea of Change in 30 Years

S. Balakrishnan - 2010-05-15 09:03
It was a revisit to India's emerald islands in the east embellishing the Bay of Bengal. Reflections of life and times in Port Blair three decades ago flashed through the mind as Indian Airlines carrier touched down Veer Savarkar airport.

IMF Approves US$1.13 billion Disbursement for Pakistan

Special Correspondent - 2010-05-15 08:07
The Executive Board of the International Monetary Fund (IMF) has completed the fourth review of Pakistan's economic performance under a program supported by a Stand-By Arrangement (SBA). The completion of the review enables the immediate disbursement of an amount equivalent to SDR 766.7 million (about US$1.13 billion), bringing total disbursements under the arrangement to an amount equivalent to SDR 4.94 billion (about US$ 7.27 billion). The Board also approved rephasing three remaining disbursements into two, while keeping the total access under the arrangement unchanged.

Governments asked to follow tough economic measures

Special Correspondent - 2010-05-15 07:52
The Executive Board of the International Monetary Fund (IMF) has discussed “From Stimulus to Consolidation—Revenue and Expenditure Policies in Advanced and Emerging Economies' and suggested that governments all over the world need to follow tough economic measures to overcome the global economic crisis.
INDIA: CORPORATE WATCH

SC RULING IN KG BASIN GAS CASE

MUKESH COULD BE ULTIMATE LOSER
Nantoo Banerjee - 2010-05-14 09:11
It will be wrong to interpret the latest Supreme Court ruling in the Krishna-Godavari (KG) basin gas supply and pricing case between the two warring Ambani brothers - Mukesh and Anil - as a big victory for Mukesh Ambani of Reliance Industries Limited (RIL). Whatever be its immediate consequence, the Supreme Court verdict could permanently curb the hydro-carbon gas producer's freedom to price the commodity. If the government chooses to apply the norms applicable for the pricing and inter-state distribution of electricity also to the hydrocarbon industry, RIL could be a big looser in the long run as it might be required to surrender its existing flexibility in this regard to the national and the state governments, having geographical jurisdiction over gas production sites.