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October 9, 2012 11:24 AM

IMF lowers India's and global economic outlook ahead of WB meet

The International Monetary Fund has lowered India's economic growth forecast by 1 per cent to 5-6 per cent for 2012-13.The IMF in its latest World Economic Outlook report said,downgrade reflects both an expectation that current drags on business sentiment and investment will persist and aweaker...

October 9, 2012 9:49 AM

Maldivian police arrests ex-Prez for ignoring summons

In a dramatic turn of events, the Maldivian police have arrested former President Mohamed Nasheed after he twice failed to appear before a court to face charges of abuse of power while in office. The Police stormed a house in Gaaf Dhaal Atoll, and took Nasheed into custody Nasheed had not only refus...

October 9, 2012 8:49 AM

EGoM recommends one-time fee for existing telcos for spectrum beyond 4.4MHz

The government has decided to refund the licence fee of companies whose telecom licences stand cancelled but with no criminal charges against them. The Empowered Group of Ministers, headed by Finance Minister P Chidambaram also decided to recommend to the Cabinet a one-time fee on existing telecom o...

October 8, 2012 8:54 PM

Jundal remanded in NIA custody till Oct. 20 by Delhi court

The 26/11 key handler and LeT terrorist Abu Jundal was remanded today in the National Investigation Agency's (NIA) custody till October 20 by a Delhi court. Jundal, who was produced before District Judge H S Sharma in an in-chamber proceeding, was handed over to NIA for 12 days. The anti-terror...

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