The unemployment rate in the UK shot up to a 13-year high of 7.8 per cent for April-June 2009, as companies continued to slash jobs to bring down cost.

UK jobless rate soars to 7.8%; highest in 13 yrs

Press Trust of India

The continuing decline in exports would have serious repercussions on the employment scenario and should set the &quot;alarm bell ringing&quot;, the apex body of exporters, FIEO, said today.

Decline in exports should set alarm bell ringing: FIEO

Pune remained the worst-hit area by the disease with 61 new cases being reported from the city. Mumbai had 24 new cases, Kolkata (3), Bangalore (10), Shillong (1), Goa (1), Delhi (8), Hyderabad (3) and Ahmedabad (4).

Flu cases in India touch new high at 1,193

The Direct Taxes Code proposes to substantially raise the threshold limit for levy of wealth tax to Rs 50 crore from Rs 30 lakh, a suggestion, if accepted, would save many people from paying tax on their wealth.

Taxes Code proposes raising threshold for wealth tax to Rs 50 cr

Industry chambers today welcomed change in personal income tax slabs proposed in the draft Direct Taxes Code, but expressed divided opinion on reduction of corporate tax rate by 5 per cent.

Industry chambers hail suggestion for change in I-T slabs

The draft Direct Taxes Code released today recommends lowering corporation tax by 5 per cent to 25 per cent and a change in methodology for computing the Minimum Alternate Tax (MAT) levied on companies not paying any tax on account of various exemptions.

Taxes Code suggests lowering of corporation tax to 25%

Noting that India is a &quot;dominant power&quot; in South Asia, the Special US Representative for Pakistan and Afghanistan Richard Holbrook today said the Obama administration is keeping New Delhi informed about its policies in Afghanistan-Pakistan region.

India a dominant power: Holbrook

Calling for the protection of youth around the world, United Nations Secretary General Ban Ki-moon today said they have been &quot;hit excessively hard&quot; by the impact of the current global economic recession and climate change.

Protect youths against recession and climate change: Ban

Signs of India's economic recovery appear to have lifted confidence among foreign investors as the flow of foreign investment has surged five times in the April-June quarter to $15 billion.

Foreign investment up 5-fold to $15 bn in April-June

The heady days of the real estate boom are over for most lawyers who made quite a packet dealing with clients on the lookout for purchasing land, with most of them having to deal with petty cases now &mdash; a fallout of the recession brought about by the global economic crisis.

Real estate lawyers hard hit by economic crisis

Business Standard

US Commission for International Religious Freedom (USCIRF) today said it wants to have freedom of religion and belief to be an integral part of the Indo-US public diplomacy.

US wants freedom of religion to be part of Indo-US dialogue

A Group of Ministers (GoM) would be set up soon to study the impact of high jet fuel prices on the aviation industry and recommend measures to bring down its burden on the operational costs of the airlines.

GoM to study impact of jet fuel prices on aviation industry

The 26/11 terrorists had used an outboat machine, exported from Yamaha Motor Company in Japan to Pakistan, in their dingy to reach Mumbai.

26/11 case: Terrorists used outboat machine imported by Pak

The spate in swine flu cases in the country was today discussed threadbare at the meeting of the Union Cabinet here, with Prime Minister Manmohan Singh saying that panic should not be created over the issue.

Don't create panic, says PM, as Union Cabinet discusses flu

Saving for the future in insurance, provident fund and pension schemes may get more attractive with a higher relief at Rs three lakh against the present provision of Rs one lakh if the proposed Direct Taxes Code becomes a law.

Greater incentives for savings in new tax code

Inflation dipped to -1.74 per cent for the week ended August 1, the lowest in three decades, even as prices of essential food items like pulses, cereals fruit and vegetables continued to rise.

Inflation falls to 3-decade low of -1.74%

A top government official in China urged steel producers Thursday to stop projects aimed at expanding capacity as Beijing tries to curb a glut in the industry that is dampening prices.

China steel makers must stop future projects, says official

A 26-year-old teacher became the first swine flu fatality in Bangalore while an infant and two women died in worst-hit Pune today, taking the nationwide death toll to 21 even as Prime Minister Manmohan Singh said panic should not created and the government is doing its best.

UPDATE: Flu claims first victim in B'lore, toll rises to 21

Concerned over drought conditions in several parts of the country, Prime Minister Manmohan Singh will address the Chief Ministers of all states here on Monday on measures to salvage the situation.

PM to address chief ministers on drought situation on Monday

The country's vegetable oil import rose marginally by 4 per cent to 5.96 lakh tonnes in July, compared with 5.71 lakh tonnes in a year-ago period, the Solvent Extractors' Association of India (SEA) said today.

India's veg oil import rises by 4% in July

Ending months of uncertainty, India and the 10-nation Association of South East Asian Nations today signed a crucial trade pact that will break duty barriers in the 1.7 billion consumer market in the region.

India signs free trade pact with ASEAN

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