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Obama to propose size limits for banks
President Barack Obama will today propose new limits on the size of US banks after spending billions of tax-payer dollars to bail out "to-big-to-fail" firms, a senior official said. http://smallpersonalloans.org.uk

46% drop in Indian students heading to Australia
Hit by international student attack crisis, Australia has experienced a huge decline by 46 per cent of Indians applying for student visas in the country last year, country"s Immigration Department has said.

News of the day

Compete if you can
China/anti-trust: China’s campaign against market bullies has a long way to go. Some individual customers have taken on dominant companies under a new antitrust regime launched over a year ago. The targets have included big game such as telecoms operators China Mobile and China Netcom, petroleum group Sinopec, and technology giant Baidu. But the results of two early cases show consumer power hasn’t yet reached the Middle Kingdom.
International Business

Punjab ends MoU with Reliance Ind

The ambitious project of Reliance Industries (RIL) to put up progressive farming practices in Punjab has been scrapped as the Punjab cabinet has terminated the Memorandum of Understanding (MoU) signed with RIL in 2006 for setting up of Agricultural Mega Projects in the state, saying that no action had been taken in accordance with the provisions of the MoU. - Govt"s effort not to protect RIL"s interest, says Deora - ADAG"s ad campaign aimed at pre-judging subjudice issues: RIL - NTPC may lose Rs 1,000 cr on buying imported LNG - Barista in talks with Reliance for opening outlets at A1 plaza - NTPC to wait for gas panel decision before moving SC - Ajanta Pharma, Medicago join hands for flu vaccine The state cabinet terminated the MoU on Saturday since no headaway has been made in the project in the last three years. The agreement was signed in the regime of Captain Amarinder Singh in 2006 that proposed setting up of 52 rural hubs and 250 sub-hubs across 18 districts of Punjab to facilitate many other things besides the cultivation of fresh vegetables. According to the MoU signed between the Punjab Agro Industries and RIL, a breakthrough in the agriculture would be brought as this would impart the training to the farmers, facilitate micro irrigation to contain the dwindling water table in the state, expand dairy farming in Punjab, education projects for the primary and middle education and entertainment hubs for the rural population. The Punjab government perceived a four-fold increase in the farmers income as Reliance was to source fresh vegetables for its 20,000 retail outlets under the brand name to ‘field to fork’ across India. The project worth Rs 5,000 cr was to cover 12,400 villages out of 12,700 villages of Punjab under the Reliance Rural Hubs model.


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