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March 19, 2012

SAN FRANCISCO - Apple Inc CEO Tim Cook, moving swiftly after taking over from the late Silicon Valley icon Steve Jobs, fulfilled a longstanding desire of investors by initiating a quarterly dividend and share buyback that will pay out $45 billion over three years.

March 19, 2012

WASHINGTON, March 19 – The United States will launch an online portal that will help Indian-Americans to safely donate funds to non-government bodies in India following some reports claiming that almost half of that money is misused.

It is reported that some NGOs in India are misusing foreign aid, mostly to support high administrative costs of running organizations.

The website, initiated by Secretary of State Hillary Clinton, is in its final stages before the launch in late April or early May.

March 19, 2012

BJP leader Shatrughan Sinha trashed the comparison made by a US magazine between Congress leader Rahul Gandhi and Gujarat Chief Minister Narendra Modi, saying there was "no match" between the two and no one stands even close to the saffron leader.

March 18, 2012

Scorecard: India 330 for 4 (Kohli 183, Rohit 68, Tendulkar 52) beat Pakistan 329 for 6 (Hafeez 105, Jamshed 112, Younis 52) by six wickets

March 18, 2012

With two of them governors, four billionaires and over a score sitting in high places in government, Indian Americans not only keep making news but have also emerged as major players in American media.

Take Indian-born Aparism Bobby Ghosh, for instance, who was last week named by Time magazine as 'Editor-at-Large'. In naming Ghosh, Time Managing Editor Richard Stengel, called him "one of Time's greatest assets and this past year was one of his best yet."

March 18, 2012

PETALING JAYA — The government today promised full scholarships to the top 100 students from the Indian community who graduate with first-class honours from public universities.

March 17, 2012

New Delhi: Springing pleasant surprises, Finance Minister Pranab Mukherjee on Friday provided reliefs for tax payers. Higher tax exemption limit for individuals, significant benefits for senior citizens, and retention of corporate tax to its existent level were some of the major tax-related highlights of Union Budget 2012-13.

However, a 2% jump in service tax from the current 10% came as a dampener.

Revisions in Direct Tax:

Income Tax

1) Individuals:

March 17, 2012

Despite 2012-13 being the first year of the 12th Five Year Plan, there seems to be hardly any focus on prioritising public provisioning for education by the Union Government. There has been an absence of critical scrutiny with regard to the implementation of the RTE Act as is clear from the scant increases made in the programme operationalizing the Act, i.e. Sarva Shiksha Abhiyan. The budget largely disappoints with its policy prescription.

March 17, 2012

In the never-ending debate on who among Sir Donald Bradman and Sachin Tendulkar is the greatest batsman of all time, former England captain Naseer Hussain on Friday said his vote goes to the iconic Indian.

March 17, 2012

Gujarat Chief Minister Narendra Modi figures on the cover of the forthcoming issue of Time magazine which praises him in an article for development of the state he has been ruling for over a decade but wonders if he can become the Prime Minister.