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April 1, 2012

The shortage of coal and gas may cripple the country’s existing power generation capacity during the summer. The crisis is likely to worsen, a report published in a leading national daily said.

The power ministry has fallen 8,000mw short of the 11th plan target — ending March 31 — of an additional capacity of 62,000 mw due to the fuel shortages, the report added.

April 1, 2012

Her return to the film industry has created a buzz and producers and directors are vying to sign her on across the four south film industries.

April 1, 2012

The winners of the Pantaloons Femina Miss India (PFMI) 2012 pageant were declared at a star-studded event at Bhavans Ground, Andheri on Friday evening.

The winners are Vanya Mishra (Pantaloons Femina Miss India World 2012), Prachi Mishra (Pantaloons Femina Miss India Earth 2012), Rochelle Maria Rao (Pantaloons Femina Miss India International 2012).

April 1, 2012

Home-grown corporates unveiled ambitious plans for the defence business, with Tata Motors announcing Rs 600-crore investment for developing infantry combat vehicles, and Bharat Forge saying it will invest Rs 100 crore to develop an artillery gun. Hinduja group firm Ashok Leyland said it is planning a foray into aerospace business, both defence and civilian, and is talking to foreign players for technology partnership.

March 31, 2012

After a gap of 16 years, Home Minister P Chidambaram released a revamped Police Drill Manual which will serve as a foundation for better discipline and uniformity in all forces of the country.

March 31, 2012

Come Saturday and there is a strong possibility that you won't be able to indulge in your favourite internet activities like shopping and surfing due to a hacking group - Anonymous - which has threatened to shut down the net.

March 31, 2012

In the past month, as part of our ongoing series on the impact of US taxes on Indian Americans, we have covered how foreign income is taxed in the US. We have seen that according to the US IRS, if you are a citizen, green card holder or a resident of the US, you must pay taxes in the US on your global income. In case you have paid taxes in the foreign country, you may be eligible to claim a tax credit on that income in the US.

Take a look at foreign ESOPs or Employee Stock Option Plans. There are two instances of taxation on ESOPs:

March 30, 2012

In a move that is expected to hit Indian IT companies majorly, the US government has decided to hike H-1B visa fee from next fiscal even as the maximum number of applications for fiscal year 2013 has been retained at 65,000.

March 30, 2012

"Sachin Tendulkar is the reason I started playing " -- said India`s most promising batting talent right now, Virat Kohli, as he paid tribute to the senior batsman for completing a century of international hundreds.

March 29, 2012

Washingtonians will have the privilege of taking a melodiously romantic trip with India’s Jaswinder Singh. Friday, April 6, 7:00pm — Sheraton Tyson is where the cruise begins.

By Sam Prasad Jillella - Special to MYDOSTI.COM