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Israel Accuses Iran Of Bus Bombing In Bulgaria

Israel accused Iran of carrying out a bomb attack that killed six people on a bus carrying Israeli tourists at a Bulgarian airport Wednesday, and vowed a stern response to Iranian terror.
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Manmohan Singh

India Sets Up Panel To Finalize GAAR Provisions

India's Prime Minister Manmohan Singh, who recently took over the charge of the Finance Ministry, has set up an expert committee to review and finalize the controversial General Anti-Avoidance Rules (GAAR), which the foreign investors say are not investor-friendly.
Residential Complex

India's Growth Downgraded; ADB Forecasts 6.5 Percent

The Asian Development Bank (ADB) cut its growth forecasts for developing Asia on Thursday, saying financial and economic problems in Europe and the United States had cut demand for exports, although Southeast Asia remained a bright spot. China's economy was expected to grow 8.2 percent this year and India's 6.5 percent, Kuroda said.
Assam Tea

India's Industrial Output in May Up by 2.4 Percent

India's industrial output picked up more than expected in May, bolstering the case for the Reserve Bank of India (RBI) to keep interest rates high at its next policy meeting as a slow start to the monsoon puts pressure on inflation, especially food prices.

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