New Delhi, Nov 3 : Prime Minister Manmohan Singh on Monday asked India Inc to refrain from “knee-jerk” reactions like lay-offs after admitting that India was not untouched by the global financial crises.
Singh asserted that saving investors’ confidence is the first priority of his government. He further tried to dispel fears of investors regarding safety of bank deposits, saying that government stands behind the banks.
Vienna - Austria on Monday nationalized a troubled bank for the first time since the global financial crisis hit, paying a token 2 euros (2.55 dollars) to rescue the nation's eighth-largest lender.
Kommunalkredit Austria, which expanded into Central and Eastern Europe in recent years, was sold to the Austrian government by Austrian financial company Oesterreichische Volksbank AG and French-Belgian group Dexia, the banks said in statements.
Dhaka - Authorities in Bangladesh on Monday announced further relaxation of a state of emergency to allow electioneering for parliamentary and local polls.
The government also decided to withdraw troops from the field, nearly 22 months after they were deployed as part of a declaration of a state of emergency, an adviser to the military-backed interim administration told reporters.
Hamburg - Germany coach Joachim Loew appears set to meet Torsten Frings on Tuesday in order to resolve another national team conflict after making peace with captain Michael Ballack.
Kicker sports magazine said that Loew wanted to meet Frings around Werder Bremen's Champions League match with Greek club Panathinaikos. The German football federation (DFB) only confirmed that the meeting was due this week.
Stockholm - Children can polish their reading skills by practising to read aloud to their dogs, according to a new Swedish study.
Two Swedish students at a teacher's training college presented the suggestion in a joint essay at the University of Skovde.
"A dog doesn't judge and I can practice listening to my own voice and become more confident," Rebecka Dirfeldt and Cecilia Persson on Monday told Swedish radio.
The two said they had put the method to practise after spotting an article about specially-trained dogs in the United States that were trained to sit still while children read to them.
The two college students asked a number of 8-year-olds who had a pet dog to practise reading aloud to their pet.
New Delhi, Nov 3 : Prime Minister Manmohan Singh on Monday asked India Inc to refrain from “knee-jerk” reactions like lay-offs after admitting that India was not untouched by the global financial crises.
Vienna - Austria on Monday nationalized a troubled bank for the first time since the global financial crisis hit, paying a token 2 euros (2.55 dollars) to rescue the nation's eighth-largest lender.
Dhaka - Authorities in Bangladesh on Monday announced further relaxation of a state of emergency to allow electioneering for parliamentary and local polls.
Hamburg - Germany coach Joachim Loew appears set to meet Torsten Frings on Tuesday in order to resolve another national team conflict after making peace with captain Michael Ballack.
