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 What Is India News Service Saturday, March 31, 2007

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RBI ups CRR, repo rate to check inflation

Struggling to contain inflation within its targeted 5-5.5 per cent range, the Reserve Bank of India raised the cash reserve ratio (CRR) 50 basis points to 6.5 per cent from April 28 and the repo rate 25 per cent to 7.75 per cent with immediate effect.

Iran: Attack fears spurred nuclear block

Iran, in a confidential letter posted Friday on an internal Web site of the U.N. nuclear monitor, said its fear of attack from the U.S. and Israel prompted its decision to withhold information from the agency.

India sets up panel to review troop cut in Kashmir

India has set up a panel to review a possible cut in troop levels in insurgency-racked Kashmir, the prime minister's office announced.

* * *

U.N. panel OKs measure on Islam
Islamic countries pushed through a resolution at the U.N. Human Rights Council on Friday urging a global prohibition on the public defamation of religion.

Extremist attacks rose in Germany in '06
Crimes by right-wing extremists and attacks on foreigners rose in Germany last year.

Iran: Attack fears spurred nuclear block
Iran, in a confidential letter posted Friday on an internal Web site of the U.N. nuclear monitor, said its fear of attack from the U.S. and Israel prompted its decision to withhold information from the agency.

Japan deploys own ballistic missile defences
Japan deployed its first ballistic missile defence system managed by its own military amid concerns over North Korea which tested a low grade atom bomb last year.

Zambia consular offices in 3 metros
In a bid to improve trade and investment relations with India, Zambia has planned to establish three consular offices in Mumbai, Kolkata and Chennai, said Mr Keli Walubita, Zambian High Commissioner to India.

Nepal roadshows to woo tourists
Assuring that the Maoist violence is a thing of the past, Nepal Tourism Board (NTB) on Friday launched its roadshows in Ahmedabad to be followed by another in Vadodara to woo the globetrotter and high-spending Gujarati tourists to the Himalayan country.

Visa-processing norms for Dubai become easier
If you are flying to Dubai, you need not have a sponsor for a visa. Now your travel agent, irrespective of which airline you use for the travel, will arrange your visa.

Pakistan test-fires nuclear-capable missile
Pakistan military announced the successful testing of its short-range nuclear-capable surface-to-surface ballistic missile.

Nepal peace deal cemented as Maoists join new government
Nepal's parliament was set Saturday to ratify a landmark agreement which will see former Maoist rebels join a new interim government, cementing a peace deal ending a decade of bloody civil war.


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Ancient Indian dynasties documented their administration,
significant developments, grants, and milestones as inscriptions
in temples. The Archaeological Survey of India (ASI) has documented
these inscriptions from 1886. These pages contain inscriptions from
Pallava, Chola, Pandya, Western Chalukya, Eastern Chalukya,
Rashtrakuta, Hoyasala, Vijayanagara, Vishnukundin, Kakatiya, Reddi,
Vaidumba, Chinda, Eastern Ganga, Gajapathi, Kalchurya, Qutb-Shahi
of Golkonda, and Moghul, dynasties.

Recent Editorials

M&M drives Scorpio into Morocco
Mahindra & Mahindra Ltd (M&M) has announced its entry into the challenging North African market by launching the all-new Scorpio SUV and its single cab and double cab pick-up variants in Morocco.

Corporates setting up anti-retroviral treatment centres
ACC Cements, CMC, Thapar Group and Godrej Group will be sponsoring four Anti-retroviral Treatment (ART) centres.

GAIL may infuse additional funds in Ratnagiri Gas
GAIL (India) Ltd today said that it was willing to infuse additional funds in Ratnagiri Gas and Power Private Ltd (RGPPL), erstwhile Dabhol project, provided it is given the adjacent liquefied natural gas (LNG) terminal.

Japan okays Rs 6,916-cr soft loan package
Japan on Friday agreed to provide soft loans amounting to 1,84,893 million (Rs 6,916 crore) to India as its official development assistance (ODA) for financial year 2006-07.

Fiscal deficit reaches 80% of target
The Centre's fiscal deficit in April-February 2007 (eleven months) touched a level of Rs 1,21,817 crore.

`Govt may reduce import duties on luxury products'
Duties on import of luxury goods may come down. The Government on Friday said it might consider reducing duties in a manner that does not hurt the domestic market.

Indo-Swiss B2B contacts firmed up
Indo-Swiss bilateral commercial co-operation got a big boost with high-level B2B contacts that took place at the Swiss Forum for International Business.

Pak import move lifts turmeric futures
Turmeric futures on NCDEX increased by 2.41 per cent to Rs 2,338 per quintal on Pakistan's decision to import 2,500 tonnes.

London to host India Now from July 16
Seeking to strengthen ties with India, London will host three-month long festivities focusing on the country, especially its rapidly growing economy and culture, Mayor Ken Livingstone announced here.

India 4th largest market for Oracle
India is the fourth largest market for Oracle in the APAC (excluding Japan) region, according to its third quarter results for the region, while China is the first followed by South Korea and Australia.

Nod to N-E industrial policy
Sikkim has been included in the North East Industrial and Investment Promotion Policy (NEIIPP), 2007, which has doubled the capital investment subsidy from 15 per cent of the investment in plant and machinery to 30 per cent.

Indo-Kuwait pact on labour & employment
To facilitate easier migration of Indian workers to Kuwait, the Union Cabinet today gave its approval for signing a memorandum of understanding on labour employment and manpower development between the two countries.

Environment Protection Agency signs pact with CII
The US Environment Protection Agency (EPA) and Confederation of Indian Industry (CII) have entered into an agreement to share information of Climate Leaders Programme, an eco-protection initiative being implemented in the US currently.

U.N. rights body steps up pressure on Sudan over Darfur
The United Nations' top human rights body on Friday stepped up the pressure on Sudan over Darfur, but stopped short of blaming Khartoum for widespread killings and rape in its vast western region.



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