Indian telecom sector is expanding its base despite tight economic conditions and global slowdown. Country witnessed record increase in GSM subscriber in October. It has now become the fastest growing mobile market of the world, where telecom companies are offering services at quite low rates.
In a bid to ease the liquidity pressure in the monetary system, the union government has directed public sector enterprises to keep their surplus funds with public sector banks (PSBs) without any competitive bid. Total surplus funds amounts to about 1,00,000 cror. This amount would meet fund requirement of the banks, as they have already used funds to cover government sponsored farm loan waiver and other debts.
Washington/Seoul - The United States on Wednesday criticized North Korea's refusal to allow samples to be taken to verify its nuclear disarmament as the country again slowed the dismantlement of its nuclear facilities.
US State Department spokesman Robert Wood told reporters in Washington that in a deal made last month, the United States and North Korea had "basically agreed that experts could take samples and remove them from the country for testing."
He also added that the United States kept its part of the deal by shipping 500,00 metric tons of heavy fuel oil to the impoverished communist state.
Havana - Cuban President Raul Castro replaced his foreign investment minister after the agency reported a drop in the number of state firms receiving foreign investment.
The announcement of the cabinet change was made Wednesday night on state-run television and did not give a reason for removing Marta Lomas, 58, and replacing her with UN Ambassador Rodrigo Malmierca, 52.
Los Angeles - A woman who once tried to become a contestant on American Idol was found dead outside the home of Paula Abdul, one of the talent show's judges, in a case police are investigating as a possible suicide, the Los Angeles Times reported Wednesday.
The woman was identified as Paula Goodspeed, 30, who auditioned for the show in 2005. She identified Abdul as her idol and bore a remarkable resemblance to her.