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Winners of the 2008 Ramon Magsaysay
Awards link arms after a news conference to present this year’s winners in Manila on Thursday. From left to right: Indonesia’s Ahmad Syafii Maarif for Peace and International Understanding, Sri Lanka’s Ananda Galappatti for Emergent Leadership, India’s Mandakini and Prakash Amte for Community Leadership, Philippines’ Jaime Alip of the Centre for Agriculture and Rural Development Mutually Reinforcing Institutions (CARD MRI) for Public Service, Philippines’ Grace Padaca for Government Service, Thailand’s Therdchai Jivacate for Public Service and Japan’s Akio Ishii for Journalism, Literature and Creative Communication Arts. The award, named for a popular Philippine President who died in a plane crash in 1957, is considered the Asian equivalent of the Nobel Prize.— Romeo Ranoco/Reuters
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Inflation Concerns Leave Sensex Poorer By 248 Points
Markets ended on a disappointing note today amid inflation concerns and derivatives expiry. The market opened on a flat note amid mixed global cues. It drifted lower in mid-morning trade led by fall in banking shares which overturned after firm start and remained subdued in early afternoon trade as rising crude oil prices weighed on the sentiments. Market breadth was on negative side as Smallcap and Midcap indices ended down.
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Mayawati Enters Forbes’ 100 Powerful Women List; Sonia Gandhi Slips In Rank
Pecking Order: UPA Chairperson ranked 21st, UP CM 59th; Merkel numero uno
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Talks Between Governor’s Panel, Samiti Postponed
Curfew restrictions in the Kashmir valley are relaxed in a phased manner for the second day
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For A Change, Inflation Declines To 12.40%
Inflation declined marginally to 12.40 per cent for the week ended August 16 following a dip in prices of vegetables, meat and cement, which the Finance Ministry described as "early signs of moderation" in prices.
The 0.23 per cent dip from 12.63 per cent in the previous week is the first time that inflation has fallen in a month. It was 3.99 per cent during the corresponding week a year ago.
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Reddy Not Keen On Continuing As RBI Governor
Amid speculation that he may get a year’s extension, Reserve Bank Governor Y V Reddy is believed to have informed the government that he doesn’t want to continue beyond his tenure that expires September five.
Reddy is said to have communicated this view to the Finance Ministry at least thrice in the recent past and is believed to have cited personal reasons for not wanting to continue, a source familiar with the development said.
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Sai Chemicals Owner Arrested; Death Toll In Fire Rises To 10
The owner of a chemicals factory was today arrested as the death toll in the devastating fire that broke out on its premises mounted to 10 with the recovery of six more bodies from the site.
Police today arrested Amarnath Ramni, owner of the chemicals factory, a day after the incident.
Fifteen fire engines battled the blaze till late last night to bring it under control.
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India, Asean Finalise FTA In Goods For EU-Like Market
Deal will be formally signed in December; two sides currently enjoy a total trade of $38 billion and expect it to touch $50 billion by 2010
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Nihang Leader Phoola Set Afire In Amritsar Jail By Inmates
Two jail inmates in the Central Jail here today sprinkled diesel and put on fire the controversial Nihang chief of Taruna Dal Ajit Singh Poohla.
The Nihang chief was facing trial in a mass killing of seven members of a family in Beas area of the district.
Jail superintendent Captain SP Singh stated that the two youth, identified as Navtej Singh and Harbhajan Singh, had taken out diesel from a generator lying in gurdwara of jail, poured it on the Nihang chief inside his cell and torched him.
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EDITOR'S CHOICE
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Even if you’re on the right track you’ll
get run over if you
just sit there
Will Rogers
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Nasdaq
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2382.46
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Dollar/Rs.
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43.73
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Pound/Rs
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80.31
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Euro/Rs
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64.61
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