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India News on March 16, 2012


Industry experts dub Union budget 2012-13 as anti growth
Indian industry experts on Friday echoed that the Union budget, though balanced, does not appear to be simulating growth while raising serious concerns to reduce fiscal deficit. ANI

BJP terms Union budget as directionless
The Bharatiya Janata Party (BJP) on Friday termed the the Union Budget for the fiscal year 2012-13 presented by Finance Minister Pranab Mukherjee as one having no directions. ANI

Delhi Police issues warrant against three Iranian suspects in Israel car bomb case
The Delhi Police on Friday informed that warrant against three persons of Iranian origin, namely, Houshan Afshar, Syed Ali Mehdi Sadr and Mohammad Reza Abolghasemi, have been issued in connection with the February 13 Israel car bomb attack. ANI

Three Iranians involved in Israel car bomb attack: MEA
The Ministry of External Affairs on Friday said that investigating authorities have identified three Iranians as suspects in connection with the terrorist attack on an Israeli diplomat that occurred on February 13. ANI

Assam's rural areas benefit from government schemes
Sonapur is a small hamlet located in Assam's Kamrup District, where villagers are, primarily, paddy growers but after the central government initiated a project to promote orange cultivation in 2000 hectares of land a few years ago people have been increasingly are taking up to it. ANI

Nagaland's Angami Tribe celebrates Sekrenyi Festival
The Angami Tribe of Nagaland recently celebrated Sekrenyi Festival in Kohima with great enthusiasm. ANI

Tripura youth attend NCC camp
Over 350 youth from Tripura took part in a National Cadet Corps (NCC) training camp held here recently, with a large number of the participants being girls. ANI

Challenge before country is to accelerate tempo of economic growth: PM
The Prime Minister, Dr. Manmohan Singh, on Friday welcomed Pranab Mukherjee's General Budget for 2012-13, saying the challenge before the country is to accelerate the tempo of economic growth, and at the same time to ensure that there is no slippage on obligations to moderate the price-rise. ANI

Supreme Court declares top Maoist leader encounter genuine
The Supreme Court on Friday said that the Central Bureau of Investigation (CBI) probe has established as genuine the killing of top Maoist leader Cherukuri Rajkumar alais Azad and journalist Hemchandra Pandey by Andhra Pradesh Police in July 2010. ANI

Budget 2012-13 reveals that Delhi-Mumbai Industrial Corridor to get 4.5 billion dollars from Japan
Finance Minister Pranab Mukherjee on Friday revealed that Japan has agreed to provide an additional 4.5 billion dollars to India for the Delhi-Mumbai Industrial Corridor (DMIC) project. ANI

Trivedi grateful for nation's appreciation, silent on Trinamool criticism
Railway Minister Dinesh Trivedi on Friday refused to comment on the condemnation resolution moved by the Trinamool Congress (TMC) against him, saying he had no idea about it. ANI

26/11 case: Pakistan judicial commission in Mumbai to record witness statements
The Pakistani judicial commission will be recording the statements of the four key witnesses in connection with the 26/11 terror attacks case from today. ANI

Guwahati hosts handloom and handicraft fair
A three-day handloom festival was recently organized in Guwahati under the aegis of Khadi Village Industries Board of Arunachal Pradesh in association with North East Institute of Fashion Technology with participants from eight states of the region showcasing their products ANI

Three young Northeast painters hold maiden exhibition in New Delhi
Three budding young painters from the Northeast recently held their maiden painting exhibition at the Nagaland House here, titled "Random Lives and Northeast India." ANI

Zero point fencing along Indo-Bangla border prevents relocation in Tripura
Bangladesh's decision to allow India to fence the Zero Line is preventing the adhoc relocation of several commercial and residential places in Tripura. ANI

Budget includes measures to allow corporates to access lower cost funds
Union Finance Minister Pranab Mukherjee today announced a slew of measures to allow corporates to access low cost funds and also to promote higher level of investments in several sectors. ANI

Union Budget 2012-13: Unviable, ineffective subsidies may be revisited
Union Finance Minister Pranab Mukherjee today announced the government's commitment to fully provide for subsidies relating to the Food Security Act, but cautioned that some other subsidies which were incompatible with macroeconomic fundamentals of the economy, and were not reaching the intended beneficiaries, could be revisited. ANI

Highlights of Union Budget 2012-13 (Part-IV)
Finance Minister Pranab Mukherjee on Friday presented the Union Budget 2012-13 in Lok Sabha. ANI

Highlights of Union Budget 2012-13 (Part-III)
Finance Minister Pranab Mukherjee on Friday presented the Union Budget 2012-13 in Lok Sabha. ANI

Highlights of Union Budget 2012-13 (Part-II)
Finance Minister Pranab Mukherjee on Friday presented the Union Budget 2012-13 in Lok Sabha. ANI

Highlights of Union Budget 2012-13 (Part-I)
Finance Minister Pranab Mukherjee on Friday presented the Union Budget 2012-13 in Lok Sabha. ANI

Congress plays down absence of Pranab's deputy during budget presentation
Congress Party on Friday played down the absence of Minister of State for Finance, SS Palanimanickam, from the Lok Sabha during the presentation of the annual budget by Finance Minister Pranab Mukherjee. ANI

Bihar CM to address rally in Delhi with an eye on Third Front
Bihar Chief Minister Nitish Kumar will address his first rally in the national capital since taking charge of the administration in the state in 2005. The occasion is the Bihar Shatabdi Utsav on March 18. ANI

2G scam: SC to hear Swamy's plea against Chidambaram
The Supreme Court will on Friday take up the petition of Janata Party President Subramanian Swamy, who is seeking a Central Bureau of Investigation (CBI) probe against Union Home Minister P. Chidambaram in connection with the 2G spectrum scam. ANI

EFY Awards 2011 Announced
Electronics For You, a premier publishing group for the electronics industry, presented the 8th edition of EFY Awards today at a ceremony held in Le Meridien Hotel, Bengaluru. These awards aim to recognise brands, organisations and individuals who are leaders in their respective segments within the Indian electronics industry Business Wire India

Rediff.Com Publishes its Unaudited Balance Sheet as of September 30, 2011 and its Statements of Earnings for the Six Months Ended September 30, 2011
In compliance with the NASDAQ Rule 5250(c)(2), which requires that each foreign private issuer with securities listed on the NASDAQ distribute interim financial information within six months following the end of such foreign private issuer's second fiscal quarter, Rediff Business Wire India

Wipro Named by Ethisphere Institute as One of the World’s Most Ethical Companies
Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE: WIT) today announced that it has been recognized by the Ethisphere Institute, the leading business ethics think-tank, as one of the 2012 World’s Most Ethical (WME) Companies Business Wire India

India Goes Digital with Convergence India 2012
In 1991, India embarked on a new journey of liberalization and globalization with the world economy, and reforms were introduced. Global telecom at that time was undergoing a transition from public to private enterprise. Satellites in the sky were being used to broadcast news to a hungry population. The Internet was gaining popularity and that’s when Convergence India Expo was born Business Wire India

From Local Manufacturer to Global Innovator:Steelcase Celebrates 100 Years
Steelcase today launches a year-long celebration of its 100th anniversary, and its reinvention as a globally integrated enterprise, focused on the future of work Business Wire India

Modulo Opens APAC Headquarters, Continues Global Expansion to Address Emerging Market for GRC Solutions
Modulo, a leading provider of IT and Enterprise Governance, Risk and Compliance (GRC) solutions, today announced the expansion of its global organization with the opening of its APAC headquarters in Mumbai Business Wire India

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