Ahead of the G-8 meeting on Wednesday, Prime Minister Manmohan Singh has called for significant reforms of the international financial institutions to address global problems and asserted that India would seek its due place in such institutions.
SNC-Lavalin, a Canadian engineering company, has denied allegations of bribery in connection with a $60 million corruption case that created a political crisis in Kerala.
Close on the heels of Indians being attacked in Australia, six members of the community were racially assaulted by a group of young Canadians, while playing tennis on the outskirts of Vancouver. Police have arrested four Canadians, including a woman, for racially abusing and robbing a group of tennis players in Aldergrove last Friday. The four -- all in their teens -- have been charged with robbery, assault with a weapon and uttering threats.
Hari Pandey, who founded ICICI Bank in Canada in March 2003, is among the 11 awardees in various categories who would be felicitated at function here on Saturday, ICCC said.
India hopes to increase its share in the quotas of multilateral development banks like the International Monetary Fund and Asian Development Bank after major stakeholders in them bring forward the issue of quota review and expanding in accordance with current realities that will give proper representation to the emerging economies.
Seeking to reform the failed regulatory systems and put an end to "bubble and bust economy", US President Barack Obama said that G-20 has rejected protectionism and America was also dedicated to forging consensus rather than dictating its own terms.
Warning that the financial meltdown has exploded into a systemic crisis, Prime Minister Manmohan Singh on Saturday asked world leaders to work on a coordinated fiscal package to tackle recession that is hitting India and other developing countries.
Mooting 'global sourcing' to deal with challenges faced by humanity, former President A P J Abdul Kalam has asked students to break geographic barriers and jointly focus on formulating strategies for priority areas like food, energy, water and healthcare. Over 500 students, faculty members, including R L Narayan, high commissioner of India, and other dignitaries attended the the 45-minute presentation on Thursday that stressed the importance of sharing knowledge.
A fast food restaurant owned by an Indo-Canadian was destroyed along with a few other shops when an explosion ripped through a commercial block in Vancouver in a suspected arson attack.
Sociologist Sherene Razack, professor at the University of Toronto, was grilled about a report she prepared for the victims' families alleging that systemic racism led to Canadian officials minimising the warnings to Air India and being slow to respond after the devastating bombing.
"India offers attractive opportunities for foreign investors in petroleum sector under the seventh round of the New Exploration Licensing Policy," Minister of State for Petroleum and Natural Gas Dinsha Patel said on Thursday, while inaugurating a Road Show in Calgary .
Premji said the talent shortage makes a mockery of the claim that India is stealing jobs from the West.
While the Sikh community has made it clear that they will do virtually anything to prevent deportation of Singh back to India, opposition has come from the government and some sections of the media, which does not want Canada to become 'a magnet for the world's tired and hungry masses.'
In a veiled reference to events in Pakistan and perhaps forces at home, Dr Singh said the rise of non-state actors, often based on intolerance, and narrow conceptions of identity, was a threat to all civilised nations.
Building on the goodwill generated by the landmark handshake between the world's two powerful armies last month in Kumming in China, the two leaders decided to have a second military exercise in India.
India and China are becoming engines of growth and must use their natural and human resources, technology and capital for the benefit of the region, said the prime minister.
Singh's supporters have twice stopped police attempts to deport Singh, who allegedly entered Canada on a false passport five years ago. He has currently taken shelter in a Surrey gurdwara after exhausting all legal avenues. The first attempt to deport him failed on December 10 when over 2,000 of his supporters blocked police access to him. They foiled another attempt last Wednesday when they blocked police entry to the gurdwara.
"Indian business is ready to face the brave new world of globalisation. China is an important part of that brave new world. We must engage China and learn to both compete and cooperate," Singh, who began a three-day maiden visit here, said at a brainstorming session with the business delegation accompanying him, ahead of the Sino-Indian business summit on Monday.
The Prime Minister was briefed by senior officials on the models like the 'Bird's Nest' (the main Olympics venue), 'Water Cube' (where the aquatic events will take place) and the 'Olympic Green' (the area with plants and trees) that have come up for the 2008 Beijing Olympics.
Justice John Major, who presided over the Air India inquiry commission that concluded its hearing earlier this week, said that he "did not imagine at first that it was a plane full almost entirely of Canadians." "The fact that the Sikh terrorists behind the plot were from British Columbia made it even more distant and difficult for those in Toronto and Ottawa to understand that it was a Canadian tragedy," Major said in Toronto on Tuesday.
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