Obama to ease US-India export
controls, boost trade
President Barack Obama will announce the easing of US
controls on exports to India in a move to boost trade
between the two countries.
Outlining a series of measures to ease export controls,
imposed after India's most recent nuclear test in 1998,
Froman said the president will also support Indian
membership of four key global nuclear nonproliferation
Deals include previously announced transactions
involving General Electric for aircraft engines and gas
turbines, and Boeing for 737 passenger planes.
But details on a key $4.5 billion sale by Boeing of C-
17 military transport planes were still being ironed
Obama will remove almost all of the remaining
Indian defense and space organisations from a list of
entities maintained by the US government to curb
proliferation, and relax so called dual-use rules for
Indian firms that regulate technology with both civil
and defense applications.
India gets world's tallest statue at
Just on the outskirts of Shimla, a giant 108 feet high
idol of Hanuman (the Monkey God) was unveiled at
Jakhoo Hanuman temple, overlooking the entire city.
It is deemed to be world's tallest statue at 108 feet at
the highest altitude of over 8100 feet and constructed
at a cost of Rs 1.5 crores.
It surpasses the current tallest statue of 'Christ the
Redeemer', which measures at 98 feet and stands at an
altitude of 2296 feet in Rio de Janeiro, Brazil .
Apple looks at new computing era
through Macbook Air
New MacBook Air with a little extra help from the
No need of DVD slot in your next Mac laptop, it will
completely replace desktop.
It will replace those discs with a fluffy white iCloud,
where software, music, video and your own personal
content fly around in the air like happy seagulls at the
Retail buzzing in India
The retail segment is buzzing again with the entry of
several top business houses in the sector. Top
industrial houses such as Reliance, Bharti Enterprises
and The Tata Group are all getting involved in the
business in a big way. The most recent of the
announcements was Tata’s tie up with Australian
retailer Woolworths for setting up a consumer durable
chain of stores called Infiniti Retail India.
The Tata Group is likely to expand to other formats as the
size of the industry grows. Another major tie up happened
between India’s Pantaloon Group and UK based Alpha
Airports Group Plc to set up travel and food stores at
airports in India.