New Delhi - South Africa on Wednesday said it supported civil nuclear cooperation with India and agreed to sell it uranium, more than a month after the Nuclear Suppliers' Group lifted an embargo on nuclear commerce with New Delhi.
Leaders at the third summit of IBSA (Brazil, India and South Africa) welcomed the decision to allow India trade in fissile materials and technology in a declaration released at the end of their summit in New Delhi.
New Delhi, Oct 15 : The BJP today accused the UPA government of attempting to abuse and hurt Hindu sentiments by stating in the Supreme Court that there was no proof of Ram Sethu being a place of worship.
“By stating before the Supreme Court that there is no proof that Ram Sethu is a place of worship or that it is an integral part of Hindu religion, the UPA has once again tried to abuse and hurt Hindu sentiments,” party spokesperson Ravi Shanker Prasad told reporters.
Prasad said the government had no right to define what forms an integral part of Hindu religion.
New Delhi, Oct 15 : The Reserve Bank of India has further cut by one percent, the amount of mandatory cash that banks need to park with it - a move that would unlock Rs 40,000 crore into the financial system and pave the way for lower lending rates.
This is the third time that the central bank has cut the Cash Reserve Ratio in two weeks, bringing the combined cut to 2.50 percent that released a total of Rs 100,000 crore into the cash-starved banking sector so that they can resume normal lending operations.
New Delhi - India's top private airline, Jet Airways Ltd, Wednesday announced it will lay off 1,900 employees, in what is the single biggest retrenchments in the history of Indian aviation, media reports said.
With the move, Jet Airways that Monday struck an alliance with the country's second-largest private carrier, Kingfisher Airlines Ltd, pruned nearly 15 per cent of its staff.
"It is an unfortunate decision, which all of us in the company regret but it is an attempt to save the company and the jobs of the remaining employees," Jet Airways Executive Director B Saroj Dutta was quoted by the PTI news agency as saying.
New Delhi, Oct. 15 : Heads of Government of India, Brazil and South Africa (IBSA) today agreed to instruct their finance ministers and Governors of Central Banks to meet and establish a coordinating mechanism to deal with the existing global financial crisis.
Mumbai/Hyderabad, Oct. 15 : Maharashtra Navnirman Sena (MNS) chief Raj Thackeray on Wednesday warned that no Jet Airways flights would be allowed to take off from Mumbai if the airline continued with its policy of laying off employees because of the crisis affecting the aviation sector.
Thackeray''s warning came as the airline said that it would lay off 800 cabin crew and reduce services to cut costs.