Govt gifts $2 mn to US university's India centre

In an unprecedented act of philanthropy to an American academic institution, the Ministry of Overseas Indian Affairs has given a $2 million grant to the University of Pennsylvania's Centere for the......

NRI deposits for core sector

For nearly half a century Indian policy makers operated under conditions of foreign exchange scarcity. Today they face the opposite problem -- how best to manage the country's growing reserves (now......