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CRR may be used to drain excess liquidity, says Rangarajan
Raising banks’ cash reserve ratio (CRR) might be one of the tools to be used by the Reserve Bank of India (RBI) to suck out excess liquidity in the banking system, Chairman of Prime Minister’s Economic Advisory Council C Rangarajan today said. generic levitra

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Industry vertical market IT-spend dips 6.8% in 2009 : Gartner
Worldwide industry vertical market IT spending is projected to total $2.28 trillion in 2009, a 6.8 percent decline from 2008, according to Gartner, an information technology research and advisory company . Analysts predict the market will return to growth in 2010, when it will grow at 2.3 percent to reach $2.34 trillion.

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Sobha to launch projects worth Rs 2,800 crore
Sobha Developers, the Bangalore-based publicly held real estate developer, is positioning itself on the springboard as it envisages launching projects worth Rs 2,800 crore over the next 12-18 months covering 8 million square feet. This statement is perhaps is one of the most encouraging one to come from one of the established developers as the real estate market is looking to come out of the woods of global recession.
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Partially burnt body of Indian migrant found in Australia

A partially-burnt body found in Australia"s New South Wales province last week is believed to be of a 25-year old Indian national, police said today, in what might be the second fatality in a slew of vicious attacks on Indians. - Indo-Aus officials to meet after latest killing - Aus says will cooperate with Garg"s family - Indian student flow to australia may drop 50% - Oz condemns Indian"s killing; police say attack not racial - Job loss, Aussie attacks kept Overseas ministry on toes - Cox & Kings" Aussie arm acquires 2 firms The body found on a roadside near Griffith last week is yet to be formally identified but police believe it is that of an Indian man, an ABC report said. Australian officers are in touch with the man"s family in India and the Indian Consulate to help with identification. Detectives from State Crime Command will help local officers in a search of the Willbriggie area today where the body was found, as part of the investigation into his death. Nitin Garg, a 21-year old Indian was stabbed to death in Melbourne on Saturday night, becoming the first casualty in a series of attacks on members of the community here. A union organiser at Griffith said he has heard of serious assaults in Willbriggie. Harry Goring from Australian Workers Union said he was aware of unpaid labourers taking matters into their own hands. Police, however, did not say if they were investigating claims that the man owed money to harvest labourers. "Over last 12 months there"s been two assaults around that area, people endeavouring to retrieve money for labour," Goring said, adding: "I"m not saying for a moment that it"s this with this man, but there have been a number of fracas in relation to Indian people pursuing certain individuals".


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