With exporters' claim for over five months still pending, liquidity has been wiped out and the process of finalising new contracts has been held up.
Lewis Hamilton's Formula One title defence remained alive on Wednesday after his McLaren team was handed a suspended three-race ban for lying to race stewards. The governing International Automobile Federation said after a hearing in Paris that the contrite way in which McLaren boss Martin Whitmarsh had apologised for the team's behaviour was taken into account.
Within hours of the government announcing a new body to replace Planning Commission, the Yojana Bhawan staff began hectic preparations to welcome new Vice-Chairman of Niti Aayog and other members who are likely to be appointed shortly.
United States President-elect Barack Obama on Monday officially unveiled the economic team that will assist him in tackling what he termed 'an economic crisis of historic proportions'.Obama has named New York Federal Reserve President Tim Geithner as US Treasury Secretary and former Treasury Secretary Larry Summers as chief of the National Economic Council.
Canada has started stressing on education as a trade catalyst with colleges and universities traveling to India and other countries in increasingly large numbers for recruiting students and faculty, signing agreements with foreign universities to work in close partnerships, opening satellite campuses in India, and offering joint degrees.
Formula One approved a new scoring system on Friday with points extended to the top 10 drivers in a record-equalling 19-race 2010 season that will start and finish in the Middle East.
News of all that's transpired on and off the football field.
Summary of sports events and persons who made news on Tuesday
When defending champions Australia compete in the Women's Twenty20 World Cup final in Melbourne on Sunday, they will earn the same as their male counterparts would - in stark contrast to their rivals, India. In cricket-mad India, male players are revered as gods, paid handsomely and showered with lucrative endorsement deals, from watches and shoes to snacks, headphones and even toothbrushes. The women barely get a look-in.
Continued lack of consensus at next meeting could cast shadow on GST rollout by April 1.
Formula One's governing body approved a proposal to switch the date of next year's Monaco Grand Prix to May 16 on Wednesday but left a question mark over the Canadian and British races.
American sprinter Tyson Gay's former coach has been suspended for eight years for doping violations, the US Anti-Doping Agency said on Wednesday.
President Donald Trump's controversial immigration policies could hurt an expected U.S. bid to host the 2026 World Cup although plenty of time remains for concerns to ease before the decision by world soccer's governing body FIFA.
The BJP is seeking backdoor entry for Yogi and four of his ministers to the state legislature.
'If the museum in his memory inspires and instils among Brahminical British Indians an attitude of equality towards Dalits, the edifice would be worth it,' reports Ashis Ray.
IS-Khorasan was sanctioned for its links with Al Qaeda and involvement in several deadly attacks in Afghanistan and Pakistan that killed over 150 people.
Formula One's rulers gather in the millionaires' playground of Monaco on Friday to steer the sport away from its profligate past and towards a more cost-conscious future. With teams battered by the credit crunch and stunned by Honda's decision to quit, the FIA's world motor sport council is expected to rubber-stamp measures agreed on Wednesday to rein in spending.
Indian companies, led by the Tata group, Essar and HCL Technologies, among others, have created more than 30,000 jobs and made large investments in the United States, a joint report of the Federation of Indian Chambers of Commerce and Industry and the US India Business Council said.
World Squash Federation president Narayana Ramachandran is set to be elected unopposed as the president of Indian Olympic Association in the polls to be held here next month as he was the only candidate to file nomination papers for the top post.
The number of recoveries also surged with 2,48,189 patients cured so far, while there were 1,78,014 active cases, according to the updated official figures at 8 am.
The move to oust Indian Olympic Association president N Ramachandran appears to be gathering steam as Badminton Association of India also joined the chorus in demanding a No Confidence Motion against him by calling a Special General Meeting.
Unfazed at being ousted from the Asian Athletics Association, scam-tainted Suresh Kalmadi said losing the presidential re-election bid to Qatar's Dahlan Jumaan Al-Hamad has actually given him a chance to work at the "grassroots" level.
India is better prepared to deal with any further US Fed tapering, but the country needs to remain vigilant to face eventualities, Reserve Bank Governor Raghuram Rajan said.
Sports Awards could to be delayed: Ministry official
Sebastian Coe chairs a meeting of world athletics on Friday to discuss suspending Russia over allegations of state sponsored doping of its athletes, a crisis that has put his leadership under the spotlight barely three months into the job.
Green and Indigenous groups in Australia have criticised the government's decision to grant new approval to Indian mining giant Adani's $16.5 billion controversial coal mine project in central Queensland.
Marion Jones was formally disqualified from all competitions since Sept 1. 2000, including the Sydney Olympics where she won five medals, after admitting last month to taking banned drugs.
Short of funds but bursting with confidence, Afghanistan's cricket team is itching to take on the best in the world.
The International Cricket Council (ICC) will apply for the inclusion of women's cricket at the 2022 Commonwealth Games in Durban, South Africa, the governing body has said.
Experts will give their inputs for Budget.
A definitive guide to the movers and shakers who sit at the helm of the Asian sports boom.
A three-member team constituted by the Pakistan government will depart for India on Monday to assess the security arrangements for the national team for the World T20 cricket tournament beginning next week. Addressing a press conference in Islamabad, Interior Minister Chaudhry Nisar Ali Khan said that until the security team gave clearance, the Pakistani cricketers will not depart for India. "The security team will assess whether complete security will be provided to our team during the Twenty20 World Cup. I have asked Pakistan Cricket Board chairman to wait, and the team can wait until the security clearance is assured," Nisar said. The security team will be led by Usman Anwar, director in the Federal Investigation Agency, and will have one representative each from the PCB and Pakistan High Commission in New Delhi. Nisar pointed out that the security threats are not hollow. He said disturbing reports about security threats to Pakistan cricketers emanating from India, including from extremists and militant organizations, show that there may be law and order problem for the cricket team in India.
The locals of Khonoma, the village of legendary Naga leader Angami Zapo Phizo, hope the Naga peace accord satisfies the aspirations of the Naga people.
'His secularism merely declared the equality of all religions in India under fundamental rights.'
'This country today is demonstrating to the world the true meaning of federalism, the true meaning of working in partnership between the central government and the state governments.'
Ahead of the Parliament session, Prime Minister Narendra Modi on Wednesday reached out to parties appealing them not to come in the way of prosperity of farmers, saying the deadlock over the land acquisition bill is seriously impacting rural development.
The GST Council on Saturday is expected to extend the date for IGST exemption and cess on imports
FIA said its World Motor Sport Council had agreed to cancel a Paris hearing scheduled for February 14 to assess McLaren's 2008 car.
The lawsuit has been filed by American Immigration Council and American Immigration Lawyers Association.
'These youngsters have proved there is money in sports today, not just cricket!' 'They are youth icons and people look up to them.' 'Our athletes are not scared. Like a child knows no fear, they are youngsters without fear.'
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