TopNews

Indian miners had re-aligned the price of iron ore recently which the importers in China could not absorb and thus resulted in an 11% decline in India's outward shipment of iron ore. The prices were re-aligned by imposing an export duty on raw material. The duty was imposed by the government. China started importing from alternative markets like Australia and Brazil.

From 13.85 million tones in December 2008 the iron ore exports slipped to 12.37 million tones in December 2009. The data was compiled by the Federation of Indian Mineral Industries (FIMI) which is the representative body for iron ore miners.

India is one of the few countries who have recovered really strongly after the long recessionary period. India has recorded a 7.9% GDP growth in the second quarter of 2009 and for 2010 it as expected to grow at about 7.2 percent on an annual basis.

But still as the Finance Minister enters the final stages of the budget he might be facing quite a few challenges with respect to the fiscal state of the economy. India's recovery was primarily driven by the revival of demand in the domestic markets especially in the rural markets.

Cost of living in the United States rose less than expected for the month of January and the core inflation that excludes the volatile items like - food and fuel, fell for the first time since 1982, approving Ben Bernanke's hypothesis of a 'recovery without inflation'.

With the increase in number of problems, it is reported that the Adobe's security page is facing problems which has been identified this week only. According to the reports, the software for installation used by Adobe for its Reader and Flash applications, is reporting flaws.

According to several reports by info security, Adobe has been hit by wrongly routing the Apple Mac users to Windows updates. Further to this, the ongoing problem with Adobe is that despite the software jittering with 2 problematic conditions the Adobe Reader 9.3.0 is showing availability.

Price of carbon and other incentives for renewable energy need to be boosted if the authorities want Drax, the UK's biggest coal-based power plant, to shift to environment friendly fuels, the company's Chief Executive Dorothy Thompson said on Friday.

As per Thompson carbon prices are quite low under the European Unions emissions trading norms. She further added that for the company to use biomass as fuel economically, carbon prices need to be doubled from current levels. Drax is the single largest emitter of carbon dioxide in the UK.

After the successful show of installing the 16-ton Tranquility node, Endeavour is now returning back to the International Space Station and is spearheading for a return to the Kennedy Space Center on 21st of Feb.

After the successful completion of the mission in the space, Endeavour with its crew members of 6 people has decided to come back home after the 14 day long travel in the space in which astronauts installed the last important component of the International Space Station.