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Everything you need to know about State Bank Of Mysore Colony: news, reviews, in-depth analysis, opinion and more

Everything you need to know about State Bank Of Mysore Colony: news, reviews, in-depth analysis, opinion and more

RBI set to cap Bank's large Exposure at 25 per cent of Tier 1 Capital

March 29, 2015 at 5:59 PM

The Reserve Bank of India is all set to cap banks' large exposure (LE) to each counterparty, including a group of connected counterparties, at 25 per cent of their Tier 1 capital. It has been come into light by the new announcement made by RBI.

Banking stocks fall on concern new norms may hit profits

May 3, 2012 at 2:54 PM

Mumbai, May 3 (IANS) The share price of banking stocks fell sharply Thursday, a day after the Reserve Bank of India (RBI) announced guidelines for implementing Basel III norms that mandate lenders to keep aside a higher percentage of capital that may hit their profits.

NATO Summit offers opportunity to work for "common purpose": Albright

May 3, 2012 at 1:26 PM

Chicago (United States), May 3 (Xinhua-ANI): The upcoming NATO summit will be an opportunity for member states to discuss their common purpose and motivate the alliance for the future, former U.S. Secretary of State Madeleine Albright said Wednesday.

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No one should expect Chinese people to leave their own path: State Councilor Bingguo

May 3, 2012 at 12:46 PM

Beijing, May 3 (Xinhua-ANI): Chinese State Councilor Dai Bingguo said Thursday that no one should expect the Chinese people to leave their own path.

Sensex falls 126 points; auto, realty stocks slump

May 3, 2012 at 12:46 PM

Mumbai, May 3 (IANS) A benchmark index for Indian equities markets was trading 126 points down at around noon Thursday, led by selling pressure in auto, realty and banking stocks due to sluggish global cues.

Starch fibres could make for 'painless' bandages

May 3, 2012 at 12:22 PM

Washington, May 3 (IANS) A new method of spinning starch into fine strands could help make painless bandages as well as low cost and more eco-friendly toilet paper, napkins and other products, says a study.

Scientists uncover 'dark side' of beta-carotene

May 3, 2012 at 12:06 PM

Washington, May 3 (IANS) Consuming excessive amounts of beta-carotene, an antioxidant that imparts colour to carrots, sweet potatoes and certain greens, could be hazardous for health, says a study.

Blind Chinese dissident says he is danger

May 3, 2012 at 11:42 AM

Washington, May 3 (IANS) Blind Chinese dissident Chen Guangcheng, who left the US embassy in Beijing Wednesday to be admitted to hospital, says his life is in danger and now wants to move to America along with his family, a media report said Thursday.

Confusion surrounds reasons behind blind Chinese activist's leaving refuge of US Embassy

May 3, 2012 at 11:18 AM

Beijing, May 3 (ANI): The stark contrast between the claims of blind Chinese activist Chen Guangcheng and American officials in the US Embassy has posed many questions as to which version of the story of his leaving the Embassy voluntarily might be true.

Britain refuses asylum request from Moscow bankers

May 3, 2012 at 6:38 AM

London, May 3 (IANS/RIA Novosti) Britain has refused to grant political asylum to two former officials of a Moscow bank, after they were placed on the Interpol wanted list on charges of fraud involving government funds.

Starch fibers could lead to ouchless bandages

May 2, 2012 at 10:09 PM

Washington, May 2 (ANI): Penn State food scientists have claimed that a process that spins starch into fine strands could take the sting out of removing bandages, as well as produce less expensive and more environmentally friendly toilet paper, napkins and other products.

Clinton arrives in Beijing

May 2, 2012 at 8:54 PM

Beijing, May 2 (IANS) US Secretary of State Hillary Rodham Clinton and US Treasury Secretary Timothy Geithner arrived here Wednesday for the fourth round of the China-US Strategic and Economic Dialogue.

'Giant flea fed on dinosaur blood like mosquitoes'

May 2, 2012 at 5:14 PM

Washington, May 2 (IANS) A giant "flea-like" insect, possibly the oldest of its kind, sneaked up on a sleeping dinosaur and bit it on its soft underbelly to feed on its blood, much like a mosquito, says a researcher.

Garlic compound better controls food-borne bacteria than antibiotics

May 2, 2012 at 4:43 PM

There is good news for those who believe in herbal therapy. Researchers at Washington State University have observed that a compound in garlic is 100 times more powerful than two most commonly used antibiotics at fighting the Campylobacter bacterium, a bacterium that is linked with intestinal illness,

Drowsiness linked with learning problems at school

May 2, 2012 at 3:46 PM

Washington, May 2 (IANS) Children suffering from excessive daytime sleepiness (EDS) may have learning, attention and behaviour problems even though clinical tests show they are sleeping long enough at night.

Garlic compound kills food-borne bacteria better than antibiotics

May 2, 2012 at 2:02 PM

Washington, May 2 (ANI): A compound in garlic is 100 times more effective than two popular antibiotics at fighting the Campylobacter bacterium, one of the most common causes of intestinal illness, researchers at Washington State University have found.

Giant 'flea-like' insects may have plagued dinosaurs

May 2, 2012 at 1:30 PM

Washington, May 2 (ANI): Chinese scientists have discovered remarkable fossils of giant "flea-like" animals, which they believe might have fed on dinosaurs 165 million years ago.

Clinton in Beijing for strategic, economic dialogue

May 2, 2012 at 11:06 AM

Beijing, May 2 (IANS) US Secretary of State Hillary Clinton arrived in Beijing Wednesday for the fourth round of the China-US Strategic and Economic Dialogue.

Potential 'dark side' of diets high in beta-carotene revealed

May 2, 2012 at 10:34 AM

Washington, May 2 (ANI): Consumption of excessive amounts of beta-carotene, a naturally occurring pigment that gives colour to foods such as carrots, sweet potatoes and certain greens, may be hazardous to health, suggests a new study.

Emirates Islamic Bank profits up

May 1, 2012 at 11:54 PM

Dubai, May 1 (IANS/WAM) The Emirates Islamic Bank announced Tuesday that its operating profits rose to 138 million dirhams (about $16 million) at the close of the first quarter of 2012.

Ponting not going anywhere: Micky Arthur

May 1, 2012 at 7:30 PM

Sydney, May 1 (IANS) Australian coach Mickey Arthur said Tuesday that former captain Ricky Ponting was very much in the reckoning to play in next year's Ashes series in England.

Sri Lanka's annual inflation rises to seven-month high

May 1, 2012 at 5:38 PM

Colombo, May 1 (Xinhua-ANI): Sri Lanka's annual inflation rate rose to 6.1 percent last month reaching a seven-month high compared to 2011, showed latest data on Tuesday.

Sri Lanka mobile phone connections exceed population

May 1, 2012 at 5:38 PM

Colombo, May 1 (Xinhua-ANI): The mobile telephone users in Sri Lanka have increased rapidly over the year 2011 with more than 105 telephone connections for 100 people, a spokesman said on Tuesday.

Goa modifies poll code to allow booze, food till late night

May 1, 2012 at 4:50 PM

Panaji, May 1 (IANS) The Goa State Election Commission (SEC), overseeing the May 16 state-wide panchayat polls has just played lifesaver to lakhs of Goans and tourists who love a late nightcap.

Same graduation year drives online social networks

May 1, 2012 at 3:30 PM

Washington, May 1 (ANI): Social networks on Facebook tend to form around graduation year or university housing rather than other interests, researchers have found.

China to boost import to balance foreign trade

May 1, 2012 at 3:22 PM

Beijing, May 1 (IANS) China has called for increasing imports and stabilising exports in order to promote a more balanced growth in foreign trade, a media report said Tuesday.

Sri Lanka has more mobile phones per person

May 1, 2012 at 3:06 PM

Colombo, May 1 (IANS) The mobile telephone users in Sri Lanka have increased rapidly over the year 2011 with more than 105 telephone connections for 100 people, authorities said Tuesday.

China's animation industry grows

May 1, 2012 at 2:50 PM

Beijing, May 1 (IANS) The production value of China's animation industry hit an estimated 60 billion yuan ($9.5 billion) in 2011, and a total of 200,000 minutes of animation were exported last year.

Delegates begin arriving for ADB's 45th annual meeting in Manila

May 1, 2012 at 1:22 PM

Manila, May 1, (Xinhua-ANI): Delegates have begun arriving at the Philippine International Convention Center to register for the Asian Development Bank's (ADB) 45th Annual Meeting of its Board of Governors, which begins Wednesday, a ADB statement said Tuesday.

Obama maintains silence on Chinese dissident Guangcheng issue

May 1, 2012 at 12:34 PM

Washington, 1 May (ANI): U.S. President Barack Obama has refused to comment on Chinese dissident Chen Guangcheng, who is said to have sought asylum in the American Embassy in Beijing after escaping house arrest.

China manufacturing expands as growth slows

May 1, 2012 at 11:54 AM

Beijing, May 1 (Xinhua-ANI): China's Purchasing Managers Index (PMI), a preliminary readout of manufacturing activities, rose in April for the fifth consecutive month, new data showed on Tuesday.

Vijaya Bank net zooms 235 percent in Q4

April 30, 2012 at 6:18 PM

Bangalore, April 30 (IANS) State-run Vijaya Bank posted net profit of Rs.181 crore for the fourth quarter (January-March) of fiscal 2011-12, registering a whopping 235 percent jump from Rs.54 crore the same quarter an year ago (2010-11) and 46 percent increase sequentially from Rs.124 crore in third quarter (Oct-Dec) of FY 2012.

Sensex up 76.94 points

April 30, 2012 at 3:54 PM

Mumbai, April 30 (IANS) Led by good buying support for information technology (IT) and bank scrips, a benchmark index for Indian equities markets was trading 76.94 points higher around the 2 p.m. trade session Monday.

Akshay gorges on masala dosas (Movie Snippets)

April 30, 2012 at 2:34 PM

Mumbai, April 30 (IANS) Actor Akshay Kumar is savouring on Mysore delicacies as he shoots for a song of "Rowdy Rathore" in the city.

24 newly discovered lizard species face extinction

April 30, 2012 at 2:34 PM

Washington, April 30 (IANS) Half of the 24 new lizard species known as skinks, all discovered on the Caribbean islands, may be close to extinction and the other half are also under threat.

Moody's may downgrade India's three top private lenders

April 30, 2012 at 2:02 PM

Mumbai, April 30 (IANS) Global ratings agency Moody's Investors Service said Monday it has placed on review India's three top private sector lenders ICICI Bank, HDFC Bank and Axis Bank for possible downgrade.

Bank of India quarterly net profit rises 93 percent

April 30, 2012 at 2:02 PM

Mumbai, April 30 (IANS) State-owned Bank of India Monday reported an increase of 93 percent in net profit at Rs.952.73 crore for the quarter ended March 31 against Rs.493.64 crore during the like period of the previous financial year.

Sensex up 160.85 points in afternoon trade

April 30, 2012 at 1:22 PM

Mumbai, April 30 (IANS) A benchmark index for Indian equities markets was trading 160.85 points higher in the afternoon session Monday, led by good buying support for information technology (IT) and bank scrips.

China's foreign investment return on the rise

April 30, 2012 at 1:14 PM

Beijing, April 30 (IANS) China's foreign exchange regulator has said the country's return on foreign investment has surged by an annual rate of 32 percent since 2004 to hit $128 billion last year.

Ban Ki-moon makes landmark visit to 'reforming' Burma with 'guarded optimism'

April 30, 2012 at 12:02 PM

Rangoon, Apr 30 (ANI): UN Secretary General Ban ki-Moon has met Burmese President Thein Sein and other senior officials, and became the first foreign dignitary to address that nation's parliament.

Thousands protest in Spain to defend health care, education

April 30, 2012 at 11:14 AM

Madrid, April 30 (IANS/EFE) Thousands of people turned out Sunday in cities all over Spain to defend health care and education and to express their rejection of the government's plans to cut 10 billion euros ($13.3 billion) in financing for both public services to fulfil its goals for reducing the deficit.

Ur tops Indian National Autocross Championship

April 29, 2012 at 9:30 PM

Bangalore, April 29 (IANS) Seasoned rally driver Lohitt Urs from Mysore topped the time charts and annexed the trophy in the showpiece 3,000cc Open class in the first round of the inaugural Indian National Autocross Championship that just about crossed the finish line after again failing behind schedule.

Chinese police crack down on blind dissident Chen Guangcheng's family

April 29, 2012 at 8:10 PM

Beijing, Apr 29 (ANI): The Chinese police have cracked down on the family of escaped blind dissident Chen Guangcheng.

Akhilesh government to roll out 'red carpet' for scribes

April 29, 2012 at 12:10 PM

Lucknow, April 29 (IANS) How to create a media-friendly environment in government offices and make maximum information available to journalists? This is a key task for the Akhilesh Yadav government in Uttar Pradesh, which is working out measures to facilitate media persons, who had "not so good" a time during the previous Mayawati rule.

India's forex reserves rise by $1.46 billion

April 28, 2012 at 2:10 PM

Mumbai, April 28 (IANS) India's foreign exchange (forex) reserves rose by $1.46 billion to $294.60 billion for the week ended April 20, official data showed. Forex reserves had risen by $213.8 million to $293.14 billion in the previous week.

Clinton visit to India to focus on non-proliferation

April 28, 2012 at 2:02 PM

New Delhi, Apr 28 (Xinhua-ANI): The U.S. Secretary of State Hillary Clinton will focus her India visit early next month on the issue of non-proliferation, reported the Press Trust of India on Saturday.

'Blind Chinese activist who fled house arrest now in protection of US Embassy in Beijing'

April 28, 2012 at 12:34 PM

Beijing, Apr 28 (ANI): Blind Chinese activist Chen Guangcheng who evaded about 100 guards to escape from a six-year detention is now safe at the US embassy in Beijing, his friend and fellow activist Hu Jia has confirmed.

Gilani still Pakistan's PM, says US

April 28, 2012 at 11:14 AM

Washington, Apr 28 (ANI): The United States said it continues to work with Pakistan Prime Minister Yousuf Raza Gilani and believes he remains the leader of Pakistan's democratic government.

Spanish jobless rate climbs above 24 percent

April 28, 2012 at 11:06 AM

Madrid, April 28 (IANS/EFE) The ranks of Spain's unemployed expanded by nearly 366,000 in the first quarter to a record 5.63 million, or 24.44 percent of the workforce, the government said Friday.

Saeed defies Pak govt 'advice'; protests against restoring NATO supplies

April 27, 2012 at 7:38 PM

Quetta, Apr 27 (ANI): Rejecting the Pakistan Government's 'request' to limit his public appearances and activities, Jamaat-ud-Dawa (JuD) chief Hafiz Muhammad Saeed, who has a U.S. bounty on him, protested against restoring of NATO supplies, in Quetta.

Remittances to India rose to $64 billion in 2011: World Bank

April 27, 2012 at 7:22 PM

New Delhi, April 27 (IANS) India remains the top recipient of money from diaspora as total remittance flow to the country is estimated to reach $64 billion in 2011, almost three percent of the country's gross domestic product (GDP), according to World Bank data.

Sensex closes flat; ICICI rallies on Q4 earnings (Roundup)

April 27, 2012 at 5:54 PM

Mumbai, April 27 (IANS) A benchmark index for Indian equities markets Friday closed flat amidst choppy trade. ICICI Bank emerged the top gainer after the private lender announced robust fourth quarter earnings.

ICICI Bank quarterly net profit rises 31 percent

April 27, 2012 at 4:26 PM

Mumbai, April 27 (IANS) India's largest private sector lender ICICI Bank Friday posted an increase of 31 percent for the quarter ended March 31 at Rs.1,901.76 crore due to a decline in bad debts.

Blind Chinese dissident escapes from house arrest

April 27, 2012 at 3:46 PM

London, April 27 (IANS) Chen Guangcheng, a Chinese dissident who is visually impaired, has escaped from house arrest and released a video meant for Chinese Premier Wen Jiabao in which he has made three demands, including tackling corruption in the country, a media report said Friday.

Balanced perspective makes for contentment

April 27, 2012 at 3:30 PM

Washington, April 27 (IANS) Do you view the past with fondness, enjoy the present and strive for future goals? If you hold all these perspectives in a balanced way, it could contribute tremendously to your sense of wellbeing, says a study.

Jayalalithaa opposes rate hike on rural infra loans

April 27, 2012 at 3:22 PM

Chennai, April 27 (IANS) Tamil Nadu Chief Minister J.Jayalalithaa Friday urged Prime Minister Manmohan Singh not to raise the interest rates on loans provided under the Rural Infrastructure Development Fund (RIDF).

U.S. hopes Pakistan will resolve political crisis

April 27, 2012 at 2:02 PM

Washington, Apr 27 (ANI): The United States has voiced hope that Pakistan would resolve the political crisis surrounding Prime Minister Yousuf Raza Gilani, which has heated up just as both nations look to repair an uneasy partnership.

Sensex remains choppy; ICICI Bank, M&M rally

April 27, 2012 at 1:06 PM

Mumbai, April 27 (IANS) A benchmark index for Indian equities markets was trading 22 points higher in the afternoon session Friday, led by good buying support in ICICI Bank scrips on expectations of robust earnings.

People with 'balanced time perspective' feel more satisfied with their lives

April 27, 2012 at 11:46 AM

Washington, April 27 (ANI): You are likely to be a happy person, if you have a balanced time perspective, says a new study.

Hillary Clinton to visit India, China, Bangladesh

April 26, 2012 at 11:14 PM

Washington, April 26 (IANS) US Secretary of State Hillary Clinton will travel to India, China and Bangladesh next month to discuss bilateral relations, the State Department said Thursday.

13 candidates qualify for Egyptian presidential election

April 26, 2012 at 10:11 PM

Cairo, April 26 (Xinhua-ANI) -- The Egyptian Higher Presidential Election Commission on Thursday announced the final list of 13 candidates contesting the presidential election set on May 23, including former Arab League Chief Amr Moussa and ex-Prime Minister Ahmed Shafiq,

'US wants to hear Pak Govt's presentation of bilateral ties'

April 26, 2012 at 10:07 PM

Washington, Apr 26(ANI): The US "wants to hear the Pakistani Government's presentation of where it thinks the bilateral relationship needs to go," before it conveys its reaction to the parliamentary review, State Department spokesperson Victoria Nuland has said.

Conficker worm a continuing threat: Microsoft

April 26, 2012 at 7:44 PM

Redmond (Washington State), April 26 (IANS) Software giant Microsoft Thursday said the Conficker worm was detected approximately 220 million times worldwide in the past two-and-a-half years, making it one of the biggest ongoing threats to enterprises.

Anti-gay propaganda bill passed in Siberia

April 26, 2012 at 7:34 PM

Moscow, April 26 (IANS/RIA Novosti) The regional legislature in Russia's Siberia region Thursday passed a bill banning promotion of homosexual, lesbian, bisexual, and transgender practices among minors.

India's financial system still strong, says RBI deputy governor

April 26, 2012 at 3:37 PM

Hyderabad, April 26 (IANS) India's financial system was strong and there was nothing to worry about, Reserve Bank of India (RBI) Deputy Governor K.C. Chakrabarthy said Thursday after Standard & Poor's (S&P) scaling down of the country's credit rating outlook to negative.

China ups ante at T-shirts with Wen's quotes

April 26, 2012 at 2:01 PM

Beijing, April 26 (IANS) A Chinese online fashion retailer is being probed for promoting its latest T-shirts by cashing in on Prime Minister Wen Jiabao's popularity - an act that might have violated the country's law on advertisement, authorities said.

T-shirt retailer being probed for borrowing Chinese PM's popularity

April 26, 2012 at 1:38 PM

Beijing, April 26 (Xinhua-ANI): A Chinese online fashion retailer is being probed for cashing in on Premier Wen Jiabao's popularity to promote its latest T-shirts-an act that might have violated the country's law on advertisement, Beijing commerce authorities said.

Colombian firm makes new oil find

April 26, 2012 at 10:25 AM

Bogota, April 26 (IANS/EFE) State oil company Ecopetrol announced a new crude discovery at an exploratory well in Tisquirama, a block in northern Colombia that has been in commercial production for more than a half century.

US happy Pakistan informed India before missile test

April 26, 2012 at 9:45 AM

Washington, April 26 (IANS) The United States declined to criticise Pakistan too for test-firing a nuclear-capable missile less than a week after India tested a long range missile, but considered it "most important" that Islamabad had informed New Delhi beforehand.

Food prices rise on costlier oil: World Bank

April 26, 2012 at 5:53 AM

Washington, April 26 (IANS) Global food prices rose by eight percent in the first three months of 2012 due to higher oil prices, adverse weather and strong demand in Asia, the World Bank said in its latest Food Price Watch report Wednesday.

S&P lowers outlook on SBI, ICICI and HDFC Bank

April 25, 2012 at 7:57 PM

Mumbai, April 25 (IANS) Global ratings agency Standard & Poor's Wednesday cut its outlook to negative from stable on 11 financial institutions, including the top three banks State Bank of India, ICICI Bank and HDFC Bank, to negative from stable, but kept their ratings unchanged.

Over 130 government Web sites hacked during January-March 2012

April 25, 2012 at 6:13 PM

New Delhi, April 25 (IANS) Over 130 government websites were hacked during the first three months of 2012, Minister of State for Communications and IT Sachin Pilot said Wednesday.

Israeli army chief says Iran 'unlikely' to develop nuclear weapons

April 25, 2012 at 5:26 PM

Jerusalem, Apr 25 (Xinhua-ANI): Israel's military chief said on Wednesday that Iran is unlikely to pursue nuclear weapons while stressing that a military option is prepared for such a prospect.

China to invest 4 trillion Yuan in water resources by 2020

April 25, 2012 at 5:20 PM

Beijing, April 25 (Xinhua-ANI): China's Minister of Water Resources Chen Lei said Wednesday that the country's investment in water resources will reach four trillion Yuan (634.8 billion U.S. dollars) by 2020.

Dark chocolate may reduce cardio risks, study shows

April 25, 2012 at 2:56 PM

Washington, April 25 (IANS) Dark chocolate, rich in flavanols, may reduce the risk against cardiovascular diseases by lowering blood pressure, blood flow and improving blood lipid levels, says a new study.

Sensex slumps 117.57 points, Wipro tanks

April 25, 2012 at 2:41 PM

Mumbai, April 25 (IANS) A benchmark index for Indian equities markets was trading 117.57 points lower in the afternoon session Wednesday, affected by a decline in the shares of IT and power firms whose share prices came down by over 7 percent.

Eating dark chocolate may help keep heart healthy

April 25, 2012 at 2:01 PM

Washington, Apr 25 (ANI): Consuming dark chocolate in moderate quantities may reduce the risk of cardiovascular disease, a new study has revealed.

Sri Lanka to have blood pressure meters in public places

April 25, 2012 at 10:24 AM

Colombo, April 25 (IANS) Sri Lanka will install meters in Colombo's public places to measure blood pressure of people, in a country where at least 350 die every day due to heart attacks, hypertension and respiratory diseases.

Family dinners help kids stave off obesity

April 24, 2012 at 3:40 PM

London, April 24 (IANS) Eating together as a family induces kids to eat more fruits and vegetables and helps them stave off obesity, according to researchers at Rutgers State University of New Jersey, US, based on analysing results from 68 separate studies.

Smoking and not nicotine 'cuts rare tumour risk'

April 24, 2012 at 2:36 PM

Washington, Apr 24 (ANI): Researchers have confirmed a link between smoking and a reduced risk for a rare benign tumour near the brain, but the addition of smokeless tobacco to the analysis indicates that nicotine is not the protective substance.

Regulator to continue crackdown on "hot money" flow

April 24, 2012 at 1:41 PM

Beijing, Apr 24 (Xinhua-ANI): China will step up efforts to crack down on "abnormal" cross-border capital flow this year in a bid to protect the country's economic and financial security, the country's top foreign exchange regulator announced Tuesday.

Proposed fleet of probes to determine if life really exists on Mars

April 24, 2012 at 1:40 PM

Washington, Apr 24 (ANI): Astrobiologists are calling for a mission to Mars with "a strong and comprehensive life detection component."

Proposed fleet of probes to determine if life really exists on Mars

April 24, 2012 at 1:08 PM

Washington, Apr 24 (ANI): Astrobiologists are calling for a mission to Mars with "a strong and comprehensive life detection component."

India accounts for 47 percent of global measles deaths

April 24, 2012 at 12:32 PM

A recent study made by WHO along with researchers from Penn State University in the United States and from the U.S. Centers for Disease Control and Prevention (CDC) has shown that the death rates from measles has fell to 74% globally from 2000 to 2010 in comparison to the set target of 90% reduction in the death rates.

'Designers don't take undue advantage of weavers'

April 24, 2012 at 12:36 PM

New Delhi, April 24 (IANS) Deepika Govind regularly works with weavers in the interiors of southern India. She begs to differ that leading designers like her, who sell their merchandise for lakhs of rupees, exploit local talent by paying low wages. In fact, weavers demand much more than usual from them, she says.

NRI children back home from Norway

April 24, 2012 at 10:52 AM

New Delhi, April 24 (IANS) The two NRI children who were taken into the custody of Norwegian Child Welfare Services on grounds of alleged negligence by their parents returned to India Tuesday.

SBI, Allahabad Bank cut interest rates

April 23, 2012 at 8:12 PM

Mumbai, April 23 (IANS) The State Bank of India (SBI), the country's largest lender, said Monday that it will cut interest rates on term deposits by upto 1 percent.

China's net foreign financial assets hit 1.77 trl USD

April 23, 2012 at 5:00 PM

Beijing, April 23 (Xinhua-ANI): China's net foreign financial assets hit 1.77 trillion U.S. dollars as of the end of 2011, up from 1.68 trillion U.S. dollars one year earlier, the country's top foreign exchange regulator said Monday.

China, U.S. to hold third CPE in Beijing

April 23, 2012 at 5:00 PM

Beijing, April 23 (Xinhua-ANI): The third annual China-U.S. Consultation on People-to-People Exchange (CPE) will be held in Beijing from May 3 to 4, Foreign Ministry spokesman Liu Weimin said on Monday.

No leadership vacuum in India, says Pranab

April 23, 2012 at 11:00 AM

Washington, April 23 (IANS) Finance Minister Pranab Mukherjee has rejected a suggestion from corporate America that a leadership "vacuum" was chipping away at India's investment climate and asserted that India has a "very powerful, strong and acceptable prime minister".

'India has substantially reduced oil imports from Iran'

April 22, 2012 at 11:08 PM

Washington, April 22 (IANS) In the face of US sanctions on Iran, India has significantly reduced its oil imports from the country, though rising oil prices have caused immense problems for the Indian economy, Finance Minister Pranab Mukherjee said here Sunday.

India seeks quick ratification of quota reforms

April 22, 2012 at 10:36 PM

Washington, April 22 (IANS) Indian Finance Minister Pranab Mukherjee has urged lagging International Monetary Fund (IMF) members to move quickly to ratify quota and governance reforms that would give developing nations a greater voice in running the 188-nation global lender.

India continuing on the reform path: Mukherjee

April 22, 2012 at 9:00 PM

Washington, April 22 (IANS) Rejecting opposition charges of a policy paralysis on reforms back home, Finance Minister Pranab Mukherjee today that the United Progressive Alliance was going ahead with a series of reforms to spur the economy.

Protect 'innocent bystanders' from global financial crisis: India

April 22, 2012 at 12:53 PM

Washington, April 22 (IANS) As the International Monetary Fund (IMF) doubled its lending power with over $430 billion pledged to a reinforced safety net to bail out countries during global financial crises, India stressed that contributions should be voluntary and not linked with future voice or governance reform and should be able to bail out "innocent bystanders" affected by them.

'Pak, US to hold talks on re-opening NATO supply routes, stopping drone strikes'

April 22, 2012 at 12:45 PM

Washington, Apr 22(ANI): The United States and Pakistan will begin high-level talks in Islamabad next week and Afghanistan will join them later for a key meeting of the trilateral core group on April 26, official sources have said.

World Bank, IMF call for inclusive growth, poverty reduction

April 22, 2012 at 11:09 AM

Washington, April 22 (Xinhua-ANI): The World Bank and the International Monetary Fund (IMF) have called for further efforts on inclusive growth and poverty reduction amid fragile global recovery.

UAE to adopt new strategy for island issues

April 22, 2012 at 8:05 AM

Dubai, April 21 (IANS/WAM) The United Arab Emirates (UAE) has plans to adopt a new political strategy to handle issue of its islands, occupied by Iran.

Yes Bank to focus on retail segment for growth

April 21, 2012 at 8:29 PM

Chennai, April 21 (IANS) Privately-owned Yes Bank Ltd will train its focus on retail banking in order to grow its current account and savings account (CASA) portfolio, said a senior bank official here Saturday.

Economic adviser Basu is speaking the language of IMF and World Bank, says BJP

April 21, 2012 at 7:01 PM

Varanasi, Apr 21 (ANI): Bharatiya Janta Party (BJP) leader Murli Manohar Joshi on Saturday flayed the chief economic adviser Kaushik Basu for his remarks on economic reforms in the country, adding he was speaking the language of the International Monetary Fund (IMF) and World Bank.

Gujarat bags PM's award for excellence in public administration

April 21, 2012 at 5:09 PM

Prime Minister's award for excellence in public administration has been given to Gujarat.

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