INDIA

CAG Warns of Billion-Dollar Losses on Coal, Airport Deals

Coal
The Comptroller and Auditor General (CAG) accused the government on Friday of allocating coal blocks, power projects and land for Delhi's flagship airport at a fraction of market prices, potentially costing the exchequer tens of billions of dollars in lost revenues.
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An investor checks stock information with a computer at a brokerage house in Hefei

Asian Stocks Rise On Euro Zone Optimism

Most of the Asian markets rose Friday as investor confidence was lifted after German Chancellor Angela Merkel stressed her country's commitment to support measures to alleviate the debt crisis faced by the euro zone.
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Australian Court OKs Tobacco Pack Logo Ban

From December 1, cigarettes and tobacco products in Australia must be sold in plain olive green packets with graphic health warnings, such as pictures of mouth cancer and other smoking-related illnesses.
Iranian President Ahmadinejad

NAM Summit In Iran Likely To Reveal West’s True Allies And Foes

The upcoming Non-Aligned Movement (NAM) summit in Tehran, quite ironically, has become a stage to gauge the member nations' stand on certain international issues, though the world's largest single political coalition doesn't promise support to any major power bloc.
Gold Demand Hits Lowest in Two Years, India, China Weighs

Gold Demand Falls To A Two-Year Low; India, China Weigh

The demand for gold fell to its lowest level in two years in the second quarter of 2012, as the price rise along with the economic slowdown has deterred major consumers India and China from buying the yellow metal, the World Gold Council said on Thursday.
Pakistan Air Force Base

Militants Attack Pakistan Air Forces Base; 9 Killed

Heavily armed suspected Islamist militants Thursday attacked one of Pakistan's largest air bases, resulting in an intense firefight for several hours that left seven gunmen and two security personnel dead.
An employee fills a car with petrol at a gas station in Jammu February 26, 2010. India will raise petrol and diesel prices from Friday midnight, Oil Secretary S. Sundareshan told reporters.

India's Diesel Price Dilemma - Making the Rich Pay More

Expect a popular backlash if the government raises diesel prices to halt the subsidy drain on its finances - not only from the millions of poor who need cheap fuel but from increasing numbers of the well-off and businesses who don't.
Nepali Woman

Nepal Urged To Revoke Ban On Young Women Migrating To Gulf

A rights group has urged the Nepal government to revoke its recently imposed ban on women under the age of 30 working in the Persian Gulf nations and, instead, improve protective measures to ensure safer migration for domestic workers.
A man looks at an electronic board displaying a fall in major market indices around the world outside a brokerage in Tokyo

Asian Stocks Fall As Japan Stimulus Hopes Fade

Most of the Asian markets fell Wednesday as investor confidence was weighed down by the lack of stimulus measures from policymakers to support the global economy and regain the growth momentum.
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India's 66th Independence Day: Will Manmohan Singh Paint A Rosy Picture Amid Glaring Issues?

Unless India's Congress-led United Progressive Alliance (UPA) government has been hiding all the ground-breaking policy decisions for next year, the 2014 general elections aren't likely to go their way. However, a latest survey indicates that they won't go the other way either, with the Bharatiya Janata Party (BJP)-led main opposition National Democratic Alliance (NDA) likely to lose seats, raising the hopes for a third political front to come to power.

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