India, US launch financial, economic partnership

NEW DELHI – India and the United States Tuesday launched a financial and economic partnership, focussing on micro-economic finance and infrastructure, in an effort to elevate their bilateral relations.

Finance Minister Pranab Mukherjee and visiting US Treasury Secretary Timothy Geithner signed the partnership agreement here.
“India and the United States are bound by common values of …. Source article on Gaea Times at  : India, US launch financial, economic partnership.

Spanish jobless claims up by 35,988 in March, less than in previous months

Spanish unemployment claims at 4.16 million

MADRID – The number of people signing for unemployment benefits in Spain rose by 35,988 in March, an improvement from previous months which politicians claimed as proof the country is slowly emerging from a crippling recession.
The monthly increase meant a total of 4.17 million people were now claiming unemployment benefits, …. Source  : Gaea News Network.

Force India’s Belgium podium voted 2009 LG moment of the year by fans

NEW DELHI – Formula OneT fans have voted Force India’s achievement at the 2009 Formula 1 Belgian Grand Prix their LG Moment of the Year for 2009, as the results of the latest LG Global Fan Survey went public in this month’s F1 Racing magazine.

Close to 90,000 people worldwide who took part in the wide-ranging …. Original article  : Force India’s Belgium podium voted 2009 LG moment of the year by fans.

SERV Trayvou introduces new range of modular interlocks to Indian market

MUMBAI – French safety specialist SERV Trayvou Interverrouillage has introduced a new range of modular and completely mechanical interlocks, the NX.

The NX range comprises mechanical bolt locks, modules such as clasps for padlocks or electrical safety contacts, and accessories, including different types of access latch. The system relies on trapped-key technology.
Because it is a modular … Read : SERV Trayvou introduces new range of modular interlocks to Indian market.

Differences within Jharkhand BJP over LPG subsidy

RANCHI – The Jharkhand government’s decision to withdraw subsidy on gas cylinders for domestic use has brought to the open the internal squabbling within the Bharatiya Janata Party, a partner in the Shibu Soren-led coalition government.

On the first day of the new fiscal, finance minister Raghubar Das, who is also the state BJP president and …. Source article  : Differences within Jharkhand BJP over LPG subsidy.

Oil hovers above $86 near 18-month high in Asia after 2-month, 24 percent rally

Oil hovers above $86 after 2-month, 24 pct rally

SINGAPORE – Oil prices hovered near 18-month highs above $86 a barrel Tuesday in Asia as traders mulled whether a recovering U.S. economy warranted further gains.
Benchmark crude for May delivery was down 20 cents to $86.42 a barrel at midday Singapore time in electronic trading on the … Read the original article on Gaea Times at : Oil hovers above $86 near 18-month high in Asia after 2-month, 24 percent rally.

Russia’s Novolipetsk Steel reports $294 million net profit in 4th quarter

Novolipetsk Steel makes Q4 net profit
MOSCOW – Russian steelmaker Novolipetsk Steel said Tuesday it made a net profit of $294 million in the fourth quarter, compared with a loss a year earlier, on the back of strong metals prices.

Russia’s third-biggest steelmaker is owned by Vladimir Lisin, who has been listed by Forbes magazine as the …. Source  : Russia’s Novolipetsk Steel reports $294 million net profit in 4th quarter.

Top RNC official quits amid criticism over spending, but Steele says he won’t resign

RNC official steps down, but Steele stands firm

WASHINGTON – The controversy over Republican National Committee spending has led to the resignation of its chief of staff, but party Chairman Michael Steele remains insistent that he isn’t going anywhere.
The resignation of RNC chief of staff Ken McKay on Monday made him the highest-profile official to depart …. Original source  : Top RNC official quits amid criticism over spending, but Steele says he won’t resign.

Red Shirt protesters flood streets of Thai capital after breaking police lines

Red Shirt protesters flood streets of Thai capital

BANGKOK – Thousands of anti-government demonstrators broke through police and military lines Tuesday to flood the streets around Bangkok’s business district and other areas of Thailand’s capital.
The Red Shirt protesters, many on motorcycles, massed near Silom Road, a financial center, from the commercial shopping district they had occupied [..] Read the original article: here.

Australia not to supply uranium to India

MELBOURNE – Australia Tuesday ruled out changing its policy and said it would not supply uranium to India, which is seeking fuel for its nuclear energy programme, a media report said.

Australian Trade Minister Simon Crean told reporters in Canberra: “There is no prospect for a change.
“We have consistently said, made this clear to … Read more : Australia not to supply uranium to India.

For American business, India is the new land of opportunity

WASHINGTON – From healthcare to technology to media, there is growing excitement in every sector in the United States about India, not just because it’s cheaper to do business in India but for the opportunities that a nation of 1.2 billion people with its growing economy offers.

This came out loud and clear at Duke University’s …. Original source  : For American business, India is the new land of opportunity.

Asian stock markets mixed as traders mull how much recovering US economy can boost region

Asian stock markets mixed as US economy recovers

SINGAPORE – Asian stock markets were mixed Tuesday as traders mulled whether a recovering U.S. economy would allow the region to continue to expand at a breakneck pace.
Australia’s benchmark S&P/ASX 200 index led gainers, jumping 0.9 percent to 4,953.70 while Singapore rose 0.4 percent and Malaysia increased 0.2 … Read more : Asian stock markets mixed as traders mull how much recovering US economy can boost region.

Money Market Operations as on April 01, 2010

… Original article on : Money Market Operations as on April 01, 2010.

Money Market Operations as on April 3, 2010

… Original article on : Money Market Operations as on April 3, 2010.

Issue of Rs.20/- denomination banknotes with `R’ Inset letter in both numbering panels in Mahatma Gandhi Series ??? 2005 bearing the signature of Dr. D. Subbarao, Governor

The Reserve Bank of India will shortly issue Rs.20/- denomination banknotes with `R’  inset letter in both numbering panels in Mahatma Gandhi Series – 2005 bearing the signature of Dr. D. Subbarao, Governor.  Except for the change in the inset letter, the design of these notes to be issued … Read : Issue of Rs.20/- denomination banknotes with `R’ Inset letter in both numbering panels in Mahatma Gandhi Series ??? 2005 bearing the signature of Dr. D. Subbarao, Governor.

Ways and Means Advances to the Government of India for the Financial Year 2010-11

It has been decided in consultation with the Government of India that the following arrangements will be in force for the financial year 2010-11.
The limit for Ways and Means Advances (WMA) will be Rs.30,000 crore for the first half of the year …. Read the original article  : Ways and Means Advances to the Government of India for the Financial Year 2010-11.

RBI further expands coverage of its “Database on Indian Economy”

The Reserve Bank of India has further expanded the coverage of its "Database on Indian Economy", an on-line database built on the data warehousing technology with enhanced functionality, to include static reports on Urban Cooperative Banks and Rural Cooperative Banks. With the release of these data series, the Database … Read more >>.

Money Market Operations as on April 5, 2010

… Read more »».

Hitachi president says ecological business, social infrastructure key to recovery

Hitachi president says green focus key to recovery

TOKYO – Money-losing Hitachi will focus on ecological businesses including hybrid railways and batteries for green cars in its latest effort to return to profitability, its new president said Tuesday.
The electronics maker must use its sprawling assets in telecommunications and “social infrastructure” such as power systems and data …. Read the original article  : Hitachi president says ecological business, social infrastructure key to recovery.

Healed, healthy Placido Domingo opens latest NY restaurant, ready to sing after cancer surgery

Healthy Domingo opens NY restaurant, ready to sing

NEW YORK – Placido Domingo is back – ready to sing around the world.
But first, on Monday, the star tenor opened his new Manhattan restaurant – four weeks after colon cancer surgery.
“I was lucky to have the pain,” said the 69-year-old Spaniard, who was forced to interrupt a …. Source  : Gaea News Network.