India's inflation rate spikes to 12.44 percent; pay hike approval heightens concerns India's wholesale price index (WPI)-based inflation rate has spiked to a new 13-year high of 12.44 percent in the 12 months to August 2, higher than previous week's figure of 12.01 percent, government data showed on Thursday, even as the government's approval of Pay Commission's recommendation for an increase in wages for government employees has triggered concerns that it would strain the government's finances and widen budget deficit. 15 Aug 2008
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Inflation to moderate by September, economy on track for 9 percent growth: Ahluwalia The Deputy Chairman, Planning Commission, Dr. Montek Singh Ahluwalia has allayed fears that the prevailing steep annual inflation rate could derail India's economic growth, by saying that India could still attain an average 9 percent annual growth in the five-year period ending 2011-12. 23 May 2008
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MDC undecided over run-off, Tsvangirai vows to return to Zimbabwe The political crisis in Zimbabwe continued to drag over the weekend with Opposition Party Movement for Democratic Change (MDC) failing to decide whether its leader Morgan Tsvangirai will take part in a run-off against ruling party ZANU-PF leader, Zimbabwean President Robert Mugabe. 05 May 2008
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Political crisis continues in Zimbabwe, 'run-off' imminent Zimbabwe's President Robert Mugabe and his political opposition leader Morgan Tsvangirai appear to be heading for a showdown with Tsvangirai's party Movement for Democratic Change (MDC) rejecting electoral officials' claims that election results of March 29 show that Tsvangirai had 47.9 percent of the vote, beating Mugabe by 4.7 percent, but not enough to escape a 'run-off' or a second round contest with the veteran leader, who has led Zimbabwe with an iron fist sin... 03 May 2008
Indian diplomat to be new head of Commonwealth The 53-nation Commonwealth of mainly former British colonies on Saturday appointed an Indian diplomat, Kamalesh Sharma, as its next secretary-general. 25 Nov 2007
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War on terrorism leads to rights abuses, says rights watchdog Torture, beatings, executions, racist stereotyping and intrusive surveillance are among the abuses countries are committing in the name of fighting terrorism, a rights watchdog has warned. 20 Nov 2007
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EU Commission opens probe of Thomson-Reuters deal The European Commission said on Monday it had opened an in-depth investigation into the proposed takeover of Reuters Group by Canadian financial information company Thomson. 09 Oct 2007
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AT&T-BellSouth merger to get 'green signal' AT&T Inc.'s $ 78 billion buyout of BellSouth Corp. headed toward expected approval at the Justice Department on Wednesday, clearing the way for a final decision a day later by the Federal Communications Commission. 12 Oct 2006
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Investment Commission sets $ 15 billion FDI target by 2007-08, wants 49 percent FDI in retail The Investment Commission headed by Tata group chairman, Ratan Tata, has set a $ 15 billion foreign direct investment (FDI) target by 2007-08 and suggested that the government allow 49 percent FDI in retail, contract labour in all areas and automatic route for all investments within the sectoral cap. 11 Aug 2006
