Finance Ministry expresses hope in RBI’s steps to rein in inflation

New Delhi, Reserve Bank of IndiaJune 25: The Finance Ministry today expressed hope that the Reserve Bank of India’s decision of increasing the repo rate by 50 basis points and the CRR by 50 basis points in two stages without compromising economic growth, would help to rein in the surging inflation.

It said in a statement that the steps are expected to regulate demands and are necessary in the face of rising inflation due to relentless increase in crude oil prices.

Seventeen top police officers fired in deadly disco stampede

Seventeen top police officers fired in deadly disco stampedeMexico City - Seventeen high-ranking police officers have been fired for their role in a police raid on a disco last week that left nine teenagers and three police officers dead in a stampede, Mexico City authorities said Tuesday.

The city's Public Safety Minister Joel Ortega and police Internal Affairs boss Alberto Peralta said the officers held responsible include directors and deputy directors in several areas of the police department, including Alejandro Garmino Tejeda, who was named "police officer of the year" in 2005, 2006 and 2007.

Turmeric Prevents Type-2 Diabetes In Mice Experiment

A recent study by the researchers at Columbia University revealed that Turmeric Prevents Diabetes In Mice Experimentturmeric plays a major role in the prevention of Type-2 diabetes.

The endocrinologists discovered that turmeric-treated mice were less susceptible to develop Type 2 diabetes.

Moreover, the researchers also found that obese mice that were given turmeric showed considerably reduced inflammation in fat tissue and liver as compared to controls.

Indian "went to UAE to kill a man for 1,000 dollars"

Indian "went to UAE to kill a man for 1,000 dollars"Dubai - An Arab resident of the United Arab Emirates hired a professional killer from India to murder a man who harassed his wife, media reports said Thursday.

The plan was discovered when Sharjah police discovered the body of a man who was stabbed to death, while another was severely injured, according to the UAE Khaleej newspaper.

It said investigations showed that a man contacted a professional killer in India and agreed for him to go to the UAE to murder a man who harassed his wife in return for
4,000 Dirham (1,090 dollars).

OPEC crude price falls by half a dollar

Organization of the Petroleum Exporting CountriesVienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) fell by 0.53 dollars, according to data released by OPEC on Thursday.

One barrel (159 litres) of OPEC-produced crude stood at 128.45 dollars a barrel on Wednesday, down 0.53 dollars from 128.98 dollars on the previous day.

An increase in oil output by OPEC members was not needed as the current supply level exceeds demand and spiralling prices are mainly caused by speculators, OPEC officials said Wednesday.

Italian police arrest over 30 Tamil Tiger suspects

Italian police arrest over 30 Tamil Tiger suspectsNaples, Italy  - Italian police Wednesday arrested at least 30 people suspected of obtaining finance for Sri Lanka's Tamil Tigers rebel group.

The suspects, all Sri Lanka citizens, were picked up in raids in several cities including Naples, Rome, Genoa, Bologna and Palermo, police said.

"The suspects extorted sums from fellow Sri Lankan nationals working as housekeepers or minders for the elderly in Italy," Naples' anti-terrorism police chief, Antonio Sbordone, said.