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  • Obama cutting own pay in solidarity with federal workers

    Obama cutting own pay in solidarity with federal workers

    President Barack Obama plans to give back 5 per cent of his pay in a gesture of solidarity with government workers who must take unpaid leave as a result of deep spending cuts that went into effect last month.

  • BofA markets chief Tom Montag was bank's highest paid executive in 2012

    BofA markets chief Tom Montag was bank's highest paid executive in 2012

    Bank of America Corp's co-chief operating officer, Tom Montag, was once again the bank's highest paid executive in 2012, as his pay climbed 21 per cent to $14.5 million.

  • Russia rebuffs Cyprus, EU awaits bailout Plan B

    Russia rebuffs Cyprus, EU awaits bailout Plan B

    The rebuff left Cyprus looking increasingly isolated, with the deadline looming to find billions of euros demanded by the EU in return for a 10 billion euro bailout.

  • Gold importers on sidelines on price rise, liquidity

    Gold importers on sidelines on price rise, liquidity

    Gold importers in India kept to the sidelines on Tuesday as prices recovered partly from the lowest level in seven months hit last week, and on a liquidity crunch ahead of the closing of the financial year next month.

  • I know my limitations: Chidambaram

    I know my limitations: Chidambaram

    Finance Minister P Chidambaram offered two responses today when asked about fellow Tamil leader and DMK chief M Karunanidhi's suggestion that he was a potential candidate for Prime Minister.

  • Rahul slams Modi for 'politics of anger'; says turn to 'love'

    Rahul slams Modi for 'politics of anger'; says turn to 'love'

    In a veiled attack on Chief Minister Narendra Modi, AICC General Secretary Rahul Gandhi today accused him of practising "politics of anger" and said it was time people switch to the power of "love", preached by the Mahatma, to ensure progress of Gujarat.

  • More bills to be introduced in Parliament in coming session: Minister

    More bills to be introduced in Parliament in coming session: Minister

    Buoyed by government winning the FDI vote in Parliament, more bills were likely to be introduced in the coming session covering Banking, Insurance and Pension sectors, Union Minister of state in Prime Ministers Office (PMO) V Narayanasamy said today.

  • Government wins multi-brand retail FDI vote in Rajya Sabha

    Government wins multi-brand retail FDI vote in Rajya Sabha

    The government today won the vote on its controversial decision to allow foreign direct investment or FDI in multi-brand retail. Out of the 212 members present and voting, 116 voted with the government and 95 voted against FDI.

  • FDI vote in Rajya Sabha today; government likely to sail through with Mayawati's support

    FDI vote in Rajya Sabha today; government likely to sail through with Mayawati's support

    The Bahujan Samaj Party's 15 Rajya Sabha MPs will vote in favour of the government's decision to allow Foreign Direct Investment (FDI) in multi-brand retail. This could help the government scrape through by a whisker and win today's vote in the Upper House, where it is in a minority.

  • Mayawati to vote for FDI; government likely to win in Rajya Sabha too

    Mayawati to vote for FDI; government likely to win in Rajya Sabha too

    The Bahujan Samaj Party's 15 Rajya Sabha MPs will vote in favour of the government's decision to allow Foreign Direct Investment in multi-brand retail. This could help the government scrape through by a whisker and win tomorrow's vote in the Upper House, where it is in a minority.

  • FDI debate in Rajya Sabha today

    FDI debate in Rajya Sabha today

    After two days of stormy debate, lawmakers in the Lok Sabha voted in favour of the government's big policy decision to open up the country's highly-protected retail industry to foreign chains such as Walmart. The focus now shifts to Rajya Sabha. The Upper House will debate and vote on FDI over the next two days starting today.

  • Vote on FDI in both houses; Mulayam may vote against govt in Rajya Sabha

    Vote on FDI in both houses; Mulayam may vote against govt in Rajya Sabha

    This morning, the Speaker of the Lok Sabha, Meira Kumar, agreed to the opposition's demand for a debate followed by a vote on Tuesday and Wednesday next week.

  • Winter session of Parliament: What's on the agenda

    Winter session of Parliament: What's on the agenda

    All eyes are set on Parliament where the Winter Session will begin today. Among the key reform bills due to be introduced are measures to allow up to 49 per cent foreign investment in local insurance companies and domestic pension funds. Here is the full list of bills that are on the agenda.

  • Chidambaram to meet PSU bank chiefs today

    Chidambaram to meet PSU bank chiefs today

    Finance Minister P Chidambaram will meet chief ministers of Southern states and heads of public sector banks on Tuesday in Bengaluru, capital of the south Indian state of Karnataka, to review the credit needs of the region and the progress of central schemes.

  • Gaza violence: India for direct Israel-Palestine talks

    Gaza violence: India for direct Israel-Palestine talks

    "Deeply concerned" at escalation of violence between Israel and Palestine, India today asked both sides to exercise maximum restraint and avoid taking any action that may further exacerbate the situation.

  • Gadkari to lead BJP protest march to PM's house on November 21

    Gadkari to lead BJP protest march to PM's house on November 21

    Amid reports that it has reservations about fielding Nitin Gadkari at an anti-graft protest here, BJP today announced the party chief will lead a march to Prime Minister Manmohan Singh's residence as part of the nation-wide agitation on November 21.

  • Let Laloo run the railways if you can't: Pak lawmaker to government

    Let Laloo run the railways if you can't: Pak lawmaker to government

    A Pakistani lawmaker surprised his colleagues today by suggesting that the country's railways should be handed over to former Indian Railway Minister Laloo Prasad Yadav if the government was unable to tackle the state-run entity's numerous problems.

  • Chinese woman may break into all-male club of Communist Party

    Chinese woman may break into all-male club of Communist Party

    A Chinese lady "princeling" Liu Yandong appears to have a fair chance to get elected to the top echelons of the ruling Communist Party, which hitherto remained an exclusive domain of male leaders, after she was today elected to the Party's top policy body.

  • Election over, Obama faces fresh challenge with 'fiscal cliff'

    Election over, Obama faces fresh challenge with 'fiscal cliff'

    At stake are two separate issuesindividual tax cuts due to expire at the end of the year and tens of billions of dollars in across-the-board federal spending cuts due to kick in the day after New Year's Day.

  • Obama wins re-election, makes history again

    Obama wins re-election, makes history again

    His victory ensures continued implementation of signature health care and financial sector reform laws.

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