Saturday, July 11, 2009 ISLAMABAD: International Monetary Fund (IMF) Saturday agreed to a proposal that power tariffs would be increased by less than 17 percent for next six months.The sources said the government will curtail Rs50 billion or more from annual development program.The sources privy to finance ministry said a fiscal deficit of Rs66 billion is expected over next six months owing to freezing power tariffs.The sources said to finalize these proposals, talks will be held with IMF next week in Islamabad; also, the World Bank will be consulted over the issue.It merits mentioning here that the WB has been insisting on increasing power tariffs by 22.5 percent or more.
Friday, August 14, 2009 MUMBAI: A 26-year-old woman died Thursday of H1N1 swine flu in the southern city of Bangalore, raising India's death toll from the virus to 20, authorities said.The death was the first reported in India's information technology capital, the Press Trust of India reported.Meanwhile in Pune, the worst-affected in India, two more victims of the virus died Thursday, raising the death toll in that western city near Mumbai to 12, the report said. The victims were an 11-month-old boy and a 75-year-old old woman.US media reported movie halls, schools and colleges were ordered closed Thursday for three days to a week in Mumbai, the commercial and financial capital of the country, as fear of the pandemic spread.Prajakata Lavangare, a spokeswoman for the government of Maharashtra state of which Mumbai is the capital, said similar orders were issued in Pune, which is also located in the state.The woman who died in Bangalore was identified only as Roopa, a teacher in...
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