| New laws spell success for foreign capital in China - Nov 1, 2004 19:35 IST |
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Beijing formulated nearly 40 new laws to liberalise trade in services, including finance, insurance, telecom, retail, tourism and transportation, Chinese Vice Minister M.A. Xiuhong told a Global Forum on International Investment here.
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| India’s first gold souk promises Dubai experience - Nov 1, 2004 19:32 IST |
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romising the same experience as shopping in Dubai, India’s first gold souk is set to open Friday in Gurgaon, on the outskirts of the capital, offering lifestyle accessories.
So far around 65 percent of the souk’s
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| STAR’s new channel wants to create niche audience - Nov 1, 2004 18:46 IST |
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Satellite TV major STAR wants to create a new genre of viewers in the 25-34 years age group for its new channel, One.
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| India to unveil marine fishing policy - Nov 1, 2004 18:42 IST |
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The decision to promulgate such a policy was taken by a meeting here Wednesday of the Cabinet Committee on Economic Affairs to ensure socio-economic security of the fishing community whose livelihood depends solely on this vocation.
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| Asha Bhonsle records in US, - Nov 1, 2004 18:33 IST |
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Asha Bhonsle has become perhaps the first professional singer to record
a song in the US and despatch it to her music director here by e-mail.
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| India raises quota of Haj pilgrims - Nov 1, 2004 18:31 IST |
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Earlier, Saudi Arabia’s Haj affairs department sanctioned the increase in the quota at the request of Minister of State for External Affairs E. Ahamed.
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| Advani confident of navigating BJP to better times - Nov 1, 2004 18:29 IST |
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People have been writing the BJP’s obituary from time to time. But I feel confident it will stage a comeback, said the 76-year-old, who was made the party helmsman for the third time after M. Venkaiah Naidu stepped down Monday following an electoral drubbing in Maharashtra. Advani formally took charge Tuesday.
At his first press conference ......
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| Government officer found dead in Bihar - Nov 1, 2004 18:24 IST |
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In a case reminiscent of a whistleblower in Bihar who was allegedly killed for exposing irregularities in a highway project, a government officer who was found dead could have been eliminated to prevent his exposing corruption, sources said.
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| Congress prepares formula to end Maharashtra deadlock - Nov 1, 2004 18:21 IST |
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Talks between the Congress and the Nationalist Congress Party (NCP) on how to resolve Maharashtra’s leadership issue remained deadlocked Wednesday but the former said it had devised a formula to end the dragging crisis.
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| China supports India for Security Council seat - Nov 1, 2004 18:17 IST |
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We hope to see India playing a larger and constructive role in the Security Council for world peace and development, Tang Jiaxuan, China’s state councillor and former foreign minister, said in response to questions by journalists.
China fully understands and endorses your country’s interest in playing a bigger role in international affairs, he said, describing India as a major Asian nation with a large population and one of the fastest growing economies.
China’s support to India comes despite its close ally Pakistan’s strong opposition to New Delhi getting a permanent seat in a reformed Security Council.
Tang also expressed confidence of resolution of the India-China border dispute, asserting that China’s border dispute with Russia, which they settled last week, was far more complicated than this one.
He indicated that the status of Sikkim as a part of the Indian union was no longer an issue for Beijing, which had earlier questioned the 1975 merger as illegal annexation.
China is the fourth member out of the five permanent members of the Security Council to support India’s claim to a permanent seat in the Security Council. Russia, Britain and France have already voiced their support while the US has
skirted the issue.
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| Maran says protectionism against outsourcing is bad economics - Nov 1, 2004 18:15 IST |
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As a business model, off-shoring (of services to developing countries) is bound to play an important role in securing domestic, high value added jobs (in developed countries), Maran told an Organisation for Economic Cooperation and Development (OECD) meet.
The minister also made a strong pitch for more foreign direct investment (FDI) in the telecom sector, saying the country required some $22 million to achieve its growth target in the sector at the Global Forum on International Investment.
The sector has been the second largest recipient of FDI at $2 billion till June 2004, he pointed out.
The telecom sector’s external commercial borrowings were the highest among all sectors in the country at $1.67 billion in 2003-04 followed by financial institutions and power sector.
Maran told the forum that the biggest IT companies started off shoring IT services because it made the service cheaper.
Studies have shown that implicit cost saving (from outsourcing) ranges between 20 and 60 percent.
The global off-shoring market was put in the range of $10 billion and $50 billion, he pointed out.
The minister said the costs alone were not the only argument in favour of off-shoring businesses. Abundant availability of skilled staff was another consideration.
Human capital is a scarce resource in knowledge society, according to him.
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| China asks Pakistan for ’more forceful’ action on terrorism - Nov 1, 2004 18:7 IST |
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I have conveyed our concern and apprehension to Pakistan authorities (and asked them) to adopt even more forceful measures to check such incidents, State Councillor and former foreign minister Tang Jiaxuan told journalists here Wednesday.
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| Himachal to stage paragliding pre-World Cup - Nov 1, 2004 18:6 IST |
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About 75 foreign participants will be seen in action during the pre-World cup paragliding tournament to be held in a scenic Himalayan valley in Himachal Pradesh.
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| Meera Jasmine’s sister to act in serial - Nov 1, 2004 18:1 IST |
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Though Meera entered showbiz through the big screen, Jeni has chosen her entry through the mini screen. She has accepted an offer from K.K. Rajeev, whose serials are a hit with TV buffs.
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| China readying for trade across Sikkim border - Nov 1, 2004 17:59 IST |
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Internal preparations for trade via Nathula Pass are being made, Tang Jiaxua, state councillor and former foreign minister, told journalists here.
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| Durga idol changes from Naga shawl to sari - Nov 1, 2004 17:57 IST |
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Organisers at a city club here eager to avoid controversy changed the deity’s dress into a traditional sari instead on Tuesday.
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| Durga slays demon Veerappan on Orissa beach - Nov 1, 2004 17:53 IST |
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For many he really was the devil incarnate, and now notorious brigand Veerappan has actually taken the form of a mythological demon killed by the Hindu goddess Durga -- in a sandy Orissa beach.
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| J.J. Valaya makes a resplendent return - Nov 1, 2004 17:51 IST |
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With a new store in Dubai this autumn, Valaya is looking to feed a market which seemingly has endless demand for Indian clothes, and whose royal families have often flown in Indian couturiers to dress them.
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| Indian intelligence agencies lack coordination: experts - Nov 1, 2004 17:50 IST |
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India’s plethora of intelligence agencies are so involved in turf wars that they totally lack coordination, a situation that is unlikely to change in the near future, security experts say.
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| China supports India’s claim to Security Council seat - Nov 1, 2004 17:48 IST |
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We hope to see India playing a larger and constructive role in the Security Council for world peace and development, Tang Jiaxuan, State Councillor and a former minister, said in response to questions by journalists.
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