INTERNATIONAL Budget deficit won't lead to payment default: IMF Singapore: India's budget deficit, at its highest in a decade, won't lead to a government debt default, an International Monetary Fund (IMF) official said, four months after the lender said rising borrowings were "potentially unsustainable".
NATIONAL Centre to amend Act to regulate NGOs' funding Chennai: The Union government proposed to amend the Foreign Contribution Regulation Act (FCRA) with a view to prevent the 'misuse' or diversion of foreign funds received by non-governmental organisations (NGOs), Union Minister of State for Home Vidyasagar Rao said on January 11.
AI decides to transfer ground handling services Mumbai: The Indian economy, with capability to face adversities, can grow at 10 per cent annually to create wealth and tackle poverty, Union Finance Minister Jaswant Singh said on January 11.
'India may export indigenously developed ALHs' New Delhi: India is considering exporting indigenously developed multi-role advanced light helicopter (ALH), which can operate in extreme weather conditions like minus 40 degree celsius, Hindustan Aeronautics Ltd (HAL) chairman M Natarajan said on January 11.
CBI arrests industrialist, broker for bank fraud Kolkata: The Economic Offence Wing of the Central Bureau of Investigation (CBI) arrested Kolkata-based industrialist Keshav Bangur and a former major operator of Calcutta Stock Exchange Vinod Baid for allegedly siphoning off funds from the Bank of Rajasthan, CBI sources said.
SENSEX firms up despite losses in IT stocks Mumbai: Despite a sharp fall in key IT counters, the SENSEX ended the week in positive territory on the strength of moderate gains in old economy stocks on the Bombay Stock Exchange (BSE) on fairly good buying by operators and net investments by foreign institutional investors (FIIs).
Modi asks Gujarati 'Pravasis' to invest in projects New Delhi: Gujarat Chief Minister Narendra Modi on January 11 asked the Gujarati Pravasis to contribute to the "panchamrit yojana" mooted by the state government by investing in infrastructure and other sectors.
