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Top dignitaries meet to decide about new chiefs of AI, AERA

Air IndiaIndia's national carrier, Air India, and the recently-created Airport Economic Regulatory Authority, AERA, will likely have new chiefs named on Friday, after a high-profile meeting - under the chairmanship of Cabinet Secretary K M Chandrasekhar - takes a decision regarding the persons to be at the helm of affairs of the two organizations.

Other known dignitaries to participate in the top-level meeting include Prime Minister's principal secretary TKA Nair, civil aviation secretary M Madhavan Nambiar, and public enterprises selection board chairman Naresh Narad.

Cleaning up banks only hope for European recovery, IMF says

Cleaning up banks only hope for European recovery, IMF saysWashington - Europe must do better in cleaning up its banking sector should the continent have any hopes for recovery from a devastating recession, the International Monetary Fund warned Friday amid signals that some of the continent's economies may be pulling back from the brink.

Guradas Maan comes up with ‘Mini Punjab’

Guradas Maan comes up with ‘Mini Punjab’Ludhiana, April 24: Having won millions of hearts across the country and abroad, Punjab’s legendary singer Gurdas Maan has come up with ‘Mini Punjab’, whose music was launched recently here.

The Punjabi film ‘Mini Punjab’ spreads the message of universal brotherhood and educates about being positive, lively and compassionate in today’s life.

`Mini Punjab’ is a Punjab away from Punjab in Mumbai. The film depicts the life of the Punjabi community called `Mini Punjab’, and spreads the message of universal brotherhood.

Crisil projects nearly three-fold increase in gross NPAs of banks by 2011

CrisilAccording to a report released by rating agency Crisil, a nearly three-fold increase in gross non-performing assets (NPAs) of the banks is projected by the year 2011 - the figures are likely to go up from the last year's 2.3 percent of advances to 5 per cent of advances by 2011.

Speaking in absolute terms, the gross NPAs would from last year level of Rs 55,000 crore to Rs 1.9 lakh crore.

The report says increased gross NPAs would result from increasing defaults in payments by companies and small and medium enterprises (SMEs), because of their puny risk profile and severe strain on operating margins.

Pakistan has no strategy in place to tackle Taliban’s expanding writ: US Expert

Pakistan has no strategy in place to tackle Taliban’s expanding writ: US ExpertLahore, Apr. 24: Questions are being raised over Pakistan’s capability and willingness to counter the expanding writ of the Taliban, and now a US expert has said that Islamabad does not have any strategy in place to counter the threat.

Common touch, cash and cool key to landslide ANC victory

African National Congress (ANC)Johannesburg - As the African National Congress (ANC) cruised to another overwhelming victory in South Africa's fourth democratic general election, the popularity of the ruling party of 15 years was being attributed to three main factors: the common touch, cash and cool.

Results from Wednesday's national and provincial elections showed the party's majority only slightly dented by the emergence of new opposition.

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