According to a senior Democratic official, familiar with President-elect Obama's transition process, New York Federal Reserve Bank President, Timothy F. Geithner, will be nominated to serve as Obama's next Treasury Secretary, to lead his government's efforts to fight the financial crisis. Geithner, 47, was always being considered as a top contender for the post.

Gujarat Chief Minister Narendra Modi has ordered to stop demolition of temples in the state with immediate effect. The move came after VHP President Ashok Singhal met him on Friday

The State Govt. has demolished nearly 200 temples along the city roads as part of its anti-encroachment drive, annoying saffron groups - VHP, Bajrang Dal and others - Hindu groups.

Even the Vishwa Hindu Parishad (VHP) had compared it to the plundering of temples by Mahmod of Ghazni in medieval India.

The state government of UP is likely to give pay scale to school teacher in accordance with the recommendations of the Sixth Pay Commission. After the pay hike, school teachers would get pay scale equal to central government employees. 

The decision would put extra burden of Rs 1,500 crore on the state exchequer but politically prove beneficial for BSP in the wake of forthcoming general elections.

Washington  - US president-elect Barack Obama has settled on much of his economic and foreign policy team, including New York Federal Reserve Chairman Timothy Geithner to lead the Treasury and Hillary Clinton for secretary of state, US media reported Friday.

Obama will unveil his entire economic team, including Geithner, on Monday, broadcaster NBC reported, offering some clarity on who will manage the world's largest economy in a time of global economic crisis.

Washington  - US President-elect Barack Obama has already settled on much of his economic and foreign policy team, including Hillary Clinton for secretary of state and New York Federal Reserve Chairman Timothy Geithner to head the Treasury, US media reported Friday.

Obama will unveil his entire economic team, including Geithner, on Monday, broadcaster NBC reported, offering some clarity on who will manage the world's largest economy in a time of global economic crisis.

Washington  - New York Federal Reserve Chairman Timothy Geithner is set to become US treasury secretary in president-elect Barack Obama's administration, US broadcaster NBC reported Friday.

Obama will unveil his entire economic team including Geithner on Monday, offering some clarity on who will manage the world's largest economy in a time of global economic crisis.