Sensex Closed at 9305

Belying expectations of a rally, the benchmark Sensex on the Bombay Stock Exchange nosedived by over 320 points as the interim Budget, which was widely anticipated to announce stimulating measures for the industry, turned out to be a damp squib. With investors exercising caution, the markets had a weak opening before the presentation of interim Budget by Finance Minister Pranab Mukherjee at 1100 hours in Parliament.

The BSE barometer went on to post further losses with investors offloading as the finance minister pegged the fiscal deficit at six percent in the next fiscal.

The BSE barometer finally closed the day at 9305.45 points, lower by 329.29 points, the biggest drop since Feb 2.-

Al Qaeda May Use FATA for Recovery of Loses in 2008: US

Pakistan’s Federally Administered Tribal Areas where it has found safe haven due to sustained loses the terror outfit has suffered since 2008.

A US intelligence report prepared for Congress shows how a concerted military effort to uproot al Qaeda from FATA has weakened the group, the US blames for the September 11 terrorist attacks.

“In Pakistan’s tribal areas, al Qaeda lost significant parts of its command structure since 2008 in a succession of blows as damaging to the group as any since the fall of the Taliban in late 2001,” 

india budget 2k9

Presenting the Interim Budget in the Parliament, acting Finance Minister Pranab Mukherjee said that the economy had maintained a growth between 7%-8% and per capita income had grown by 7.4% in the last 4 yrs. He also said that government was within striking distance of fiscal correction. He people of India had voted for change. He referred to the CMP of the UPA which he said was created to bring about this change. 

                                                         -curtesy nhatky.in