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Fiscal Deficit Worsens
Runaway unplanned
expenditure far exceeding
receipts has increased
fiscal deficit to over 50%
at Rs 77,740 crores (USD
16.9 billion) more than
budget estimates of Rs.
148,686 crores (USD 32.3
billion) in the very first
quarter.
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India Wants Bird Flu-Free Label
In order to resume exports of profitable chicken meat and eggs, India is considering asking the Organisation Internationale d’épizootie (OIE) (also known as the World Organization of Animal Health) to gain a avian influenza (bird flu) free status.<
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NATO Set to Take Over Afghan Security
In its most ambitious mission in Asia, the North Atlantic Treaty
Organization (NATO) has taken control of security operations in
insurgency-ridden southern Afghanistan to stop the Taliban with new tactics
and approach.
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Raytheon Offers AESA Radar to IAF
US defense vendor Raytheon said that it was
ready to supply the Active Electronically
Scanned Array (AESA) radar in addition to
advanced medium-range air-to-air missile (AMRAAM)
if the Indian Air Force (IAF) would choose
the F-16 and F-18 fighter jets.
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India Buys Power from Bhutan
India signed an agreement
with Bhutan to buy power
from the 1020 megawatt (MW)
Tala hydro-electric project,
the largest bilateral
cooperation project funded
by India in a foreign
country, which is also the
framework for future
hydro-electric cooperation.
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Thai Bid for Myanmar's Natural Gas
Despite intense pressure from the US not to
deal with Myanmar, Thailand’s largest energy
firm PTT Plc has bid to compete with India
and China for exclusive rights to harness
the abundant natural gas in the northwestern
areas of the military-run nation.
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