SBI mulls selling bad assets to ARCs in Jan-Mar quarter

KOLKATA: India’s largest bank SBI is considering partial sale of non-performing assets to asset reconstruction companies. “We are considering some proposals to sell NPAs in the current quarter (Jan-Mar 2014). This is the first time we would be selling NPAs to ARCs,” SBI chairman Arundhati Bhattacharya said here on Saturday. NPA reduction is a major […]

Japan sees future business in Fukushima cleanup

CHIDAMBARAM There is something surprising in the radioactive wreck that is the Fukushima Dai-ichi nuclear power plant: opportunity. To clean it up, Japan will have to develop technology and expertise that any nation with a nuclear reactor will one day need. Eyeing dozens of ageing reactors at home and hundreds of others worldwide that eventually […]

On 21st foundation day Mirwaiz-led Hurriyat vows to ‘carry forward struggle for freedom’

On 21st foundation day Mirwaiz-led Hurriyat vows to ‘carry forward struggle for freedom’

SRINAGAR: Hurriyat Conference led by Mirwaiz Umar Farooq Saturday observed the 21st foundation day of the pro-freedom amalgam and reiterated to carry forward the struggle for Kashmiris right to self-determination “inspite of difficulties and hardships.” In a statement, the amalgam spokesman said that “a special joint session of its Executive Council, General Council and Working […]

Govt to set up inflation target, RBI to implement: Chidambaram

NEW DELHI: The government of India has the right to set the country’s inflation target, while the Reserve Bank of India’s (RBI) role is to implement the decision, Finance Minister P Chidambaram said in a joint news conference with the RBI governor. The comment by Chidambaram comes after a RBI panel in January proposed moving […]

DeM express sympathy with Salahudin

SRINAGAR: Dukhteran-e-Millat headed by Asiya Andrabi Saturday expressed sympathy with Hizbul Mujahideen chief Syed Salahudin over the demise of his brother and mother-in-law who passed away recently. According to a statement here, a delegation led by DeM leader Rubina Firdous visited Soibugh to offer condolence with the bereaved family. Meanwhile, Asiya Andrabi has expressed her […]

Don’t back off after one interview: Omar to Rahul Gandhi

NEW DELHI: Don’t back off after one interview with one channel. This is the advice to Congress Vice President Rahul Gandhi from Chief Minister Omar Abdullah. “All I would tell him (Rahul) not to sort of back off after one interview with one channel. My advice to him, and I have no hesitation in sharing […]

1931: Karan Singh Is Born

Karan Singh, the heir to Kashmir’s autocratic ruler, was born in France on March 9, 1931. The state celebrated the birth of the Yuvaraj for several days. Molvi Abdullah Vakil wrote a 32-page pamphlet congratulating Maharaja Hari Singh. In the pamphlet, Vakil sought free education for all, end to unemployment, ban on begging and misuse […]

Tebbit Test as India’s Law of the Land

BY SHEKHAR GUPTA Several years ago, the then British high commissioner suggested, in the course of a spirited conversation one evening at his residence, that it would be a good idea if England and India were to play two cricket Test series every year, one in either country. “Brilliant idea,” I said, “but you will […]

Silk Road initiatives help boost Asia renewal: China

KJM VARMA BEIJING: China Saturday said its initiatives of building Maritime Silk Route connecting Asian states besides reviving the centuries old Silk Road through the Central Asian states were aimed at boosting the renewal of Asia. “We want to work with relevant countries to add two powerful wings to the rejuvenation of Asia,” Foreign Minister […]