India

ICWAI signs MoU with Oman

The Institute of Cost and Works Accountants of India (ICWAI) New Delhi, Nov 21 : The Institute of Cost and Works Accountants of India (ICWAI) has entered into a Memorandum of Understanding (MoU) with a prominent corporate group of Oman: Omar Zawawi Establishment LLC (OMZEST) to promote an institute of cost and management accountants in Oman.

OMZEST has diverse commercial interests including promoting higher education in Oman

Bangalore gets its first foreign consulate

Frank Walter SteinmeierBangalore, India - German Foreign Minister Frank-Walter Steinmeier on Friday opened the first foreign consulate in India's information-technology hub of Bangalore.

More than 120 German firms operate in or near the southern city of 8 million people, including carmaker Daimler AG and software company SAP AG.

Curfew-like situation in Kashmir

Srinagar, Jammu, IndiaSrinagar, Nov 21 : To foil any untoward situation in the Kashmir valley due to separatists’ call to stage a protest march to Jamia Masjid, the authorities on Friday deployed thousands of security personnel to the city which resulted in curfew-like situation.

Deployment of the security personnel’s has been made to Srinagar and other major towns of the valley as the Chairman of the Hurriyat Conference, Syed Ali Shah Geelani, is likely to lead the protest march to Jamia Masjid.

Turkish PM meets President Patil

TurkeyNew Delhi, Nov 21 : Prime Minister of Turkey Recep Tayyip Erdogan, who arrived on a five day visit to India to enhance bilateral ties met President Pratibha Patil here today.

Talking to media after his ceremonial reception at President House this morning, Erdogan said that the two countries have come closer and deeper during the last five years to further their commercial and cultural ties.

Erdogan is accompanied by a high level delegation including three ministers as well as lawmakers and business leaders.

Politicians faking resignations could damage India''s democratic fabric

New Delhi, Nov. 21 : An article appearing in “The Other Side”, a journal of socialist thought and action, has warned that faking political resignations could fan a form of regionalism that could irreversibly damage the democratic fabric of the country.

It describes such attempted steps taken by Railway Minister Lalu Prasad Yadav and lawmakers of the Janata Dal (United) in response to the attack on North Indians and Biharis by the Maharashtra Navnirman Sena (MNS) as nothing but a case of “political one-upmanship”.

The article says that what is sad about the whole episode is the fact that former Defense Minister George Fernandes was forced to be party to resignation episode, when he may not have wanted to be.

India experiences commercial property downturn in Q3 2008, China firm

China, IndiaLondon, Nov. 21 : It is interesting to note how countries across the world have been performing in this temporary phase of global slowdown. Asia, which has comparatively been a little less ''harmed'' than the Western world, has had its share of impact and is still trying to cope with it.

The two giant economies of the Asia -- India and China -- have been distinctly impacted by the slowdown.

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