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Undeveloped corporate debt market is a weakness in India's financial system and high fiscal deficit is further complicating the problem, Prime Minister Manmohan Singh said Friday.“A weakness in our financial system relates to the market for corporate debt. While the market for government debt is very large, the market for corporate debt has yet to develop as it should. It is not large enough and n...
Source : Headlinesindia | 3 Hour(s) AgoCategory : Headlines
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and Vice President Hamid Ansari today greeted people on the eve of Buddha Purnima, saying Lord Buddha's teachings were of eternal significance.The president said Lord Buddha taught the path of right action so that mankind may overcome its suffering."Lord Buddha's teachings of non-violence, love and compassion are of eternal significance. We must strive to make these teachings part of our daily lif...
Source : Headlinesindia | 3 Hour(s) AgoCategory : Headlines
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and the US will find an "appropriate" way to decide on New Delhi's request for access to Mumbai attack plotter David Headley, US Undersecretary for Political Affairs Wendy Sherman said Friday.Sherman, who separately met External Affairs Minister Salman Khurshid and Foreign Secretary Ranjan Mathai ahead of Secretary of State John Kerry's India visit, also said the US was hoping to welcome Prime Min...
Source : Webindia123 | 3 Hour(s) AgoCategory : Headlines
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Gurunath Meiyappan, the chief of IPL franchise Chennai Super Kings and son-in-law of Indian cricket board president N. Srinivasan, is expected to appear before Mumbai police Friday evening.Meiyappan's advocate P.S.Raman will also be reaching Mumbai from here Friday evening.A source told IANS: "Meiyappan will be flying out of Madurai while Raman from Chennai."A team of Mumbai police led by investig...
Source : Webindia123 | 3 Hour(s) AgoCategory : Headlines
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Expressing concern over rising incidents of crime against women and children, President Pranab Mukherjee Friday called for effective measures to ensure their safety and security.Underlining the need for arresting the moral decline in society, the president told students of Himachal Pradesh University here to find answers for reversing the degradation of values.Favouring imparting moral and quality...
Source : Headlinesindia | 3 Hour(s) AgoCategory : Headlines
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Indian Institute of Advanced Study,Rabindranath TagorePresident Pranab Mukherjee Friday inaugurated a study centre-cum-museum dedicated to the life and works of Rabindranath Tagore at the Indian Institute of Advanced Study (IIAS) here.Delivering the first Rabindranath Tagore Memorial Lecture, Mukherjee said: "We must assimilate Tagore's belief that wealth is not a precondition of wisdom."Tagore's ...
Source : Headlinesindia | 3 Hour(s) AgoCategory : Headlines
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Britain had to scramble fighter jets Friday for escorting a Pakistani International Airlines (PIA) plane after it was diverted from Manchester.The PIA plane was diverted from Manchester to Stansted airport, reported BBC, citing a Manchester airport spokesperson Friday.The plane, flight number PK709, carrying 297 passengers, had reportedly left Lahore at 09.35 a.m. and was due in at Manchester at 2...
Source : Webindia123 | 3 Hour(s) AgoCategory : Headlines
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number of vehicles and people fell into a river when a highway bridge collapsed in Washington state, officials said. But no death was reported.The four-lane bridge links Seattle with the rest of the US Pacific Northwest and Canada, Xinhua reported Friday. The incident took place Thursday.Three people were rescued and shifted to hospitals. It was not clear what caused the disaster....
Source : Webindia123 | 3 Hour(s) AgoCategory : Headlines
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Delhi High Court Friday reserved its verdict on Congress leader Sajjan Kumar's plea challenging a trial court order to frame charges against him in a 1984 anti-Sikh riot case relating to the killing of six people in Sultanpuri area here.Justice Suresh Kait reserved the order after hearing all the parties in the case. The high court, which was to pronounce its order April 29, deferred it saying fur...
Source : Webindia123 | 3 Hour(s) AgoCategory : Headlines
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asked the capital market regulator SEBI to root out the “pernicious disease” of insider trading, saying the future effectiveness of the institution would depend on this.Addressing the silver jubilee celebration of the Securities and Exchange Board of India (SEBI) here, the prime minister said: “A key indicator of SEBI's future effectiveness will be its ability to root out the hard-to-define but ex...
Source : Headlinesindia | 3 Hour(s) AgoCategory : Headlines
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Himachal Pradesh Chief Minister Virbhadra Singh Friday submitted a memorandum to visiting President Pranab Mukherjee, seeking additional central financial assistance to overcome a shortfall of Rs.10,725 crore.The chief minister cited the "unfavourable" award of 13th Finance Commission, which recommended an overall increase of only 50 percent for the state while the other states were given an avera...
Source : Headlinesindia | 3 Hour(s) AgoCategory : Headlines
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Amid speculation that the Congress is exploring government formation in Jharkhand which is under President's rule party vice president Rahul Gandhi reviewed the political situation with state leaders today.A section of the Congress has been in favour of exploring ways to form a government in the state with the support of the Jharkhand Mukti Morcha (JMM), said party sources here.However, the opinio...
Source : Headlinesindia | 3 Hour(s) AgoCategory : Headlines
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