India News

The Reserve Bank of India said on Monday it had set up a panel to pave the way for rupee convertibility, which could lead to the country's biggest economic development since sweeping reforms in the early 1990s.

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 Four Babbar Khalsa International (BKI) terrorists were arrested on Tuesday and one kg of RDX as well as detonators and other material required for making bombs recovered from their possession, police said in Chandigarh.

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The CPI(M) Polit Bureau today met here to review the party's preparations for the Assembly polls in five states against the backdrop of serious differences in its Kerala unit on the leadership issue.

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A march to protest naxals' exploitation of tribals and attacks on them, commenced on Tuesday from Aasarali village, south of Gadchiroli district, sources said.About 100 persons started from Aasarali and the march will reach Gadchiroli district headquarter on April 14, sources said.

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Reliance Communication Ventures Ltd. said on Tuesday its board had approved raising up to $500 million through issue of convertible bonds in the overseas market. The issue would be at a premium to the current share price of the company and would be subject to all approvals, it said in a statement.

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Even as Bangladesh Prime Minister Khaleda Zia landed in New Delhi on Monday, India’s largest corporate, the Tata Group, is giving final touches to its $2.5-billion investment plan in the neighbouring country.

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Union Ministers Arjun Singh, Sushil Kumar Shinde, Praful Patel, Hansraj Bhardwaj and Dasari Narayan Rao led a galaxy of political heavyweights who were elected unopposed to the Rajya Sabha on Monday.

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President A.P.J. Abdul Kalam presented the country's highest civilian awards Padma Vibhushan, Padma Bhushan and Padma Shri to 42 extraordinary achievers at a grand ceremony in the Ashoka Hall of Rashtrapati Bhavan on Monday.

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The Janata Dal (Secular)-Bharatiya Janata Party Government on Monday presented what could be described a populist budget without any additional taxes and announcing allocations for several new and innovative welfare schemes.

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The Indian men's table tennis team made history, pipping fancied Singapore 3-2 after being 0-2 down and earning its first ever Commonwealth Games gold here on Monday. The final, which went right down to the wire, was a thriller all the way.

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 Om Puri's new release 'Malaamal Weekly' is with a favourite director. "Priyadarshan and I go back a long way. He has given me a role in most of his Hindi films including his last 'Kyun Ki' which wasn't a very happy experience for me or the audience. But I feel 'Malaamal Weekly' is going to work. It's an out-and-out comedy about a lottery winner in a village.

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Defence Minister Pranab Mukherjee on Monday dismissed allegations of scam in the purchase of French submarine Scorpene and said action would be taken against parties if there was any violation of the agreement like appointment of middlemen.

 
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On the fifth day of the Commonwealth Games in Melbourne, Gagan Narang and Abhinav Bindra have won gold in the 50m rifle 3 positions pairs.In other results, the Indian women's table tennis team won a bronze for India after beating Canada 3-2 in a tense five-match rubber.

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India picked up two English wickets towards the end of the third day's play of the final cricket Test in Mumbai.India managed to put up 279 runs on the board in response to England's first innings total of 400.England, on top throughout the Test so far, suffered early blows in their second innings to be 31 for two, an overall lead of 152 runs with two days of play left.

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The People for the Ethical Treatment of Animals (PETA) have started a campaign to try and shut down illegal zoos in the country and also bring in some accountability to the way zoos function. Recently, PETA volunteers visited all the zoos in the North East and captured on film the awful conditions of animals.

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 A high level delegation of the CBI and Pakistan's Federal Investigation Agency is meeting in New Delhi on Tuesday. This is the first meeting between the two investigating bodies since 1989. The key issues to be discussed by the two sides will be drug trafficking and trafficking of fake currencies.

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Begum Khaleda Zia, the Prime Minister of Bangladesh arrived in New Delhi on Monday.Zia's visit is the first by a Bangladeshi Prime Minister in nine years and will concentrate on confidence building.She is expected to hold talks with Prime Minister Manmohan Singh.

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Passenger profiling need not be used only to identify criminals or miscreants. The CISF has begun using it to identify potential victims too.The latest module of passenger profiling in use with the CISF is aimed at identifying passengers who could be targeted by touts or petty criminals.

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 Indian conglomerate Bharti Enterprises, controlled by telecoms tycoon Sunil Mittal, is in talks with British supermarket group Tesco Plc. that could see them launch a grocery chain in India’s $250 billion retail market, the Financial Times reported on Tuesday.

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Tata Steel has received environmental clearance for its 1.2 lakh tonne greenfield ferrochrome project at Richards Bay, South Africa. The local government has cleared the project four years after Tata Steel first announced its plans to set up the smelter.

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The government and the opposition NDA on Monday firmly locked horns over alleged irregularities in the gigantic Rs 18,798-crore Scorpene submarine project. "Scam", said the NDA. "Nonsense", replied the government. And even as the political parties were jostling with each other.

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India’s biggest aviation deal between Jet Airways and Air Sahara seems to be heading for rough weather. Delays in getting a clear government view on key issues particularly those relating to transfer of Sahara’s landing and parking rights across the country  is threatening to delay a final agreement between the two airlines.

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