October 31, 2012
New Delhi: S. Jaipal Reddy was axed as petroleum minister for refusing a Mukesh Ambani-led Reliance Industries' proposal to hike charges of gas it supplied to state-run power plants, India Against Corruption's Arvind Kejriwal charged Wednesday, demanding that the Krishna Godavari basin allotted to the company be taken back.
October 31, 2012
NEW DELHI -- India's world view is set for a makeover with the appointment of the suave and articulate Salman Khurshid to head the Ministry of External Affairs or the foreign ministry. He is considered the best man for the job who can get policy engines running again.
The decision goes to prove the former law minister retains the confidence of Congress party chief Sonia Gandhi and Prime Minister Manmohan Singh despite recent allegations of corruption levelled against him.
October 31, 2012
As aspirations rise, India's burgeoning youth find that jobs are hard to get. Only a minority of Indian jobseekers are qualified for skilled occupations.
Experts say will see India hit 1.6 billion people in less than 20 years, overtaking China as the world's most populated country.
October 31, 2012
The Indian rupee pared its early gains and declined against the U.S. dollar in late morning deals on Tuesday after the Reserve Bank of India decided to keep its key rates unchanged as widely expected.
Indian Rupee Declines Against U.S. Dollar
October 31, 2012
Gurgaon — Farmers across Haryana along with India Against Corruption (IAC) activist Arvind Kejriwal demanded the cancellation of the Land Acquisition Act, 1894, at a mahapanchayat meet at Manesar Tuesday.
The mahapanchayat was held under the leadership of retired IAS officer R.C. Rao.
The mahapanchayat highlighted the land acquisition policy and said that it was never in favour of land owning farmers. They sought IAC's support to raise the issue nationally.
October 30, 2012
The storm wreacked havoc on New York City, flooding its tunnels, subway stations and the electrical system that powers Wall Street.
October 30, 2012
Mumbai/New Delhi — The Reserve Bank of India (RBI) Tuesday cut cash reserve ratio (CRR) for banks by 0.25 percent but kept interest rates unchanged, despite pressure from the government.
The CRR, the money against deposits which commercial banks have to retain in the form of liquid assets such as cash, has been cut to 4.25 percent from 4.5 percent. It will release Rs.175 billion into the system.
October 30, 2012
Authorities in India ordered hundreds of schools to close on Tuesday and fishermen to remain on land as a tropical storm barrelled towards the state of Tamil Nadu. The "cyclonic storm" would make landfall early on Wednesday and was expected to intensify before hitting the coast near Chennai with wind speeds of up to 100 kilometres per hour.
October 30, 2012
Kolkata — While West Bengal Chief Minister Mamata Banerjee Tuesday described the Haldia Dock imbroglio as "exaggerated", the Congress and the Communist Party of India-Marxist (CPI-M) attacked the state government for vitiating the industrial environment in the state.
October 30, 2012
Often overlooked in past elections, Asian Americans are the fastest-growing racial group in the United States. A record 30 Asian Americans have run for Congress this year, including Tulsi Gabbard of Hawaii and Grace Meng of New York City
