India News Clips
Indian Companies Have
Surprised The World: Kamal Nath
Thursday, 24 January , 2008,
Davos: The global
challenge posed by the emergence of companies from India
and other rapidly developing economies has taken the
world by surprise, Commerce and Industry Minister, Kamal
Nath, said Thursday.
Speaking at a breakfast session organised by industry
body Confederation of Indian Industry (CII) and the
Boston Consulting Group in Davos, he said many of these
companies had been taking advantage of India's
burgeoning technology sector and large population of
"The new drivers of the future have shown the power of
this combination in India," he said.
The minister, who is part of a large Indian delegation
to the World Economic Forum (WEF), said Indian companies
were being driven by intellectual and entrepreneurial
ability, rather than by arbitrage costs alone.
"For about a decade, such companies in India, China,
Indonesia, Philippines and Thailand have been getting
their act together and several of them have now become
global. Even in India, many are newcomers," he said.
Kamal Nath said the existence of a large domestic market
had helped Indian companies become competitive and
catapult themselves globally.
The Indian minister singled out the East Asia region for
praise, saying a spate of regional trade agreements
between India and East Asian countries underscored that
the fact India and the rest of Asia were reaching out to
Indian Economy Will
Gallop Despite US Turmoil Says Indian Prime Minister
Friday, 25 January , 2008, 16:51
New Delhi: The Indian
economy can sustain an economic growth of 9-9.5 per cent
despite the global financial turmoil, even as it hopes
for steps by the US to contain the damage, Prime
Minister Manmohan Singh said Friday.
"We live in an increasingly interdependent world and
therefore an international financial crisis could impact
on the growth of emerging countries including our own,"
Manmohan Singh said.
"We sincerely hope US authorities will take appropriate
and credible measures to contain the damage caused by
the sup-prime crisis in that country," he said at a
joint press interaction with French President Nicolas
"As far as the Indian economy is concerned, we are not
affected in the sense our banks don't have lending of
that sort, which has led to the crisis," he said, as he
referred to the turmoil in the US caused by
"The fundamentals of Indian economy are sound. As of
now, we are convinced that notwithstanding what is
happening elsewhere in the world, we can sustain the
growth momentum of the country at 9 and 9.5 per cent per
Sister Karuna Mary Braganza Among
January 26, 2008
NEW DELHI (ICNS):
The Indian government has honoured Sister Karuna Mary
Braganza, a former principal of Sophia College, Mumbai
known for her selfless work among the poorest and
socially deprived with Padma Shri. She and selected
others are among the winners of Padma awards given by
the Central government on the eve of Republic Day.
Among the other prominent Christians are sociologist
Prof TK Oommen, who was a member of the Sachar
Committee, and Kerala-based eye specialist Dr Tony
Fernandez. Everest summiteer Edmund Hillary, who passed
away a few days ago in New Zealand, is among the
recipients of Padma Vibhushan.
This year, the Indian President approved 135 people for
the Padma Awards. The highest of them, Padma Vibhushan
was given to 13, while 35 got Padma Bhushan and 71 got
Padma Shri. The government decided not to announce any
winners for Bharat Ratna, the highest civilian honour of
India, after controversies surrounded it in recent
weeks. In fact, after 2001, the Government has not
awarded Bharat Ratna to anyone.
Astronaut Sunita Williams, whose father is from Gujarat,
has been given Padma Bhushan. Dominique Lapierre, the
famous French author, is also among the winners of Padma
Bhushan. Among the Padma Shri winners are John Martin
Nelson, TV journalists Rajdeep Sardesai, Barkha Dutt and
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