March 1, 2013
WASHINGTON: A day before sweeping budget cuts begin, the White House and Republicans blamed each other on Thursday for failure to prevent a fiscal crisis which the International Monetary Fund warned could slow the US and world economies.
Absent a highly unlikely last-ditch deal, the $85 billion in cuts across federal government agencies start on Friday.
March 1, 2013
Budget 2013: 'Nirbhaya Fund' of Rs 1,000 crore to be set up for safety and empowerment of women
FM announces Nirbhaya fund for women
March 1, 2013
A British court blocked the deportation of nearly 40 Tamil asylum seekers Thursday over fears of torture. Some of the asylum seekers had links to the Tamil Tiger rebels, who were defeated by Sri Lankan government forces in 2009 after more than three decades of civil war.
February 28, 2013
Washington — Eight Indian women, including media baroness Shobhana Bharti, hotelier Priya Paul and banker Chhanda Kochchar, figure among Forbes Asia's list of 50 businesswomen in Asia who are performing at the centrestage in the world's most dynamic region.
February 28, 2013
Washington — Corporate America has welcomed India's 2013-14 budget as fundamentally sound with "some corrective steps necessary to revitalize investor enthusiasm, spur growth, and tame government spending".
The US-India Business Council (USIBC), representing 350 global companies investing in India and a score top Indian corporates, gave high marks to Finance Minister P. Chidambaram for steps being taken to consolidate India's fiscal position.
February 28, 2013
India's finance minister has unveiled a national budget, which features a temporary tax hike for the "super rich" and a promise to put the nation's economy back on a path of high growth. The finance minister said that attracting foreign investment was crucial to reversing India's economic slowdown.
February 28, 2013
Washington — US officials have expressed concern that the impending spending cuts may increase wait times in issuing US visas particularly in countries like India, China, and Brazil.
The sequestration would cut all State Department budget "by a fair percentage point," spokesperson Patrick Ventrell told reporters Wednesday in response to question about the impact of sequestration - $85 billion in cuts this year and $1.2 trillion through fiscal 2021 - that kicks in Friday.
February 28, 2013
MUMBAI: Nearly a month after the Mumbai police busted a Rs 1 crore cyber fraud, data submitted to the finance ministry has revealed that cyber criminals have defrauded banks in the country of almost Rs 130 crore in the last three years.
February 27, 2013
Snooker authorities for Pakistan got clearance to revive fixtures against archrivals India. A four-member Indian team will play a series in Karachi from March 7-10.
Pakistani men play snooker in a club in Lahore on February 5, 2010
February 27, 2013
Lack of water is a serious problem for the hillside region of Rajasthan. However, a pond in the village of Galandhar was deepened by 15 feet creating a bigger reservoir for the residents during the dry season.
