India

India, Pak exchange lists of terror suspects hiding in each other’s territory

India, Pak exchange lists of terror suspects hiding in each other’s territoryIslamabad, Oct 25 : India and Pakistan last night exchanged names of terrorists hiding in each other’s country, and decided to make the joint anti-terrorism mechanism a continuous process.

A statement issued after a daylong meeting of the mechanism said that information on issues of mutual concern, including the bombing of the Indian embassy in Kabul, was exchanged.

India's Sensex crashes 11 per cent to three-year low

Sensex closes below 11k on recession fearsNew Delhi - India's benchmark Sensex on Friday crashed 11 per cent to end trading at a three-year low of below 9,000 as investors sold heavily after the central bank disappointed them by keeping key interest rates unchanged.

The 30-share Sensitive Index, which had lost 912 points in the last two sessions, crashed 10.92 per cent shortly after a credit and monetary review was announced by the Reserve Bank of India.

Defence Minister Antony agrees to allow private sector in defence production

A K AntonyNew Delhi, Oct 24 : Defence Minister A. K. Antony today said that the private sector participation in defence production has been allowed and foreign direct investment is allowed upto 26 per cent.

Addressing the National Seminar on defence offsets being organised by the Institute for Defence Studies and Analyses (IDSA) here, Antony said that private sector will henceforth require industrial licence only if it is stipulated under the requirement for defence industry.

Chidambaram says Reserve Bank policy will help financial stability

P ChidambaramNew Delhi, Oct 24 : Finance Minister P. Chidambaram today said that the Reserve Bank of India (RBI)''s policy review was on expected lines to manage India''s financial stability.

He described the RBI statement an important announcement that the central bank would employ both conventional and unconventional methods to ensure financial stability.

AIADMK members demand Karunanidhi''s arrest

M KarunanidhiChennai, Oct 24 : The All India Anna Dravida Munnetra Kazhagam (AIADMK) on Friday staged a walkout from the Rajya Sabha demanding arrest of Tamil Nadu Chief Minister M Karunanidhi over his alleged support to the separatist LTTE in Sri Lanka.

As soon the proceedings began, AIADMK members raised slogans demanding dismissal of the Tamil Nadu Government and arrest of Karunanidhi.

Chairman Hamid Ansari, however, disallowed their move and said that the Question Hour should be taken up.

With Ansari disallowing their move, AIADMK members staged a walkout from the House.

Separatist shutdown in Kashmir valley to mark United Nations Day

Separatist shutdown in Kashmir valley to mark United Nations DaySrinagar, Kashmir - Life in India-administered Kashmir came to a halt on Friday in response to a call by the separatist Hurriyat Conference to mark United Nations Day with a strike, police said.

Hardline separatist leader Syed Ali Shah Geelani, who issued the call for the strike, said the protest was to remind the world body of its "indifference" to Kashmir and that the Kashmir dispute remained unresolved for more than six decades.

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