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May 2: Most wanted Terrorist dies

  • May 2: Most wanted Terrorist dies

    May 2: Most wanted Terrorist dies

  • <p><b>A shopkeeper displays gold jewellery for the camera at a jewellery shop in Jammu</b></p><p>Silver prices tumbled on Monday, marking their biggest loss since late 2008, and gold fell more than 2% off a record high, extending earlier losses on news that al-Qaeda leader Osama bin Laden was killed in a US-led operation in Pakistan.
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"There was a kneejerk reaction to the news. There is a risk of greater instability. There may be counter protests and al-Qaeda may want to make a show that the figurehead may be dead, but the war goes on," a trader in Sydney said.</p><p>

    A shopkeeper displays gold jewellery for the camera at a jewellery shop in Jammu

    Silver prices tumbled on Monday, marking their biggest loss since late 2008, and gold fell more than 2% off a record high, extending earlier losses on news that al-Qaeda leader Osama bin Laden was killed in a US-led operation in Pakistan.

    "There was a kneejerk reaction to the news. There is a risk of greater instability. There may be counter protests and al-Qaeda may want to make a show that the figurehead may be dead, but the war goes on," a trader in Sydney said.

  • <p><b>The Maersk Ronneby container ship is loaded at the Container Terminal at the Cochin Port on Willingdon Island in Kerala</b></p><p>India&#39;s exports surged to record high growth of 37.6% in the fiscal year 2010-11, the government said in a statement on Monday, as demand soared for engineering goods, oil products and gems manufactured in Asia&#39;s third-largest economy.</p><p>Exports were at $245.9 billion for the year, comfortably higher than the government&#39;s original target of $200 billion, while imports rose 22% to $351 billion. The trade deficit was at $104.8 billion, slightly higher than the provisional forecast of $104.4 billion.
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    The Maersk Ronneby container ship is loaded at the Container Terminal at the Cochin Port on Willingdon Island in Kerala

    India's exports surged to record high growth of 37.6% in the fiscal year 2010-11, the government said in a statement on Monday, as demand soared for engineering goods, oil products and gems manufactured in Asia's third-largest economy.

    Exports were at $245.9 billion for the year, comfortably higher than the government's original target of $200 billion, while imports rose 22% to $351 billion. The trade deficit was at $104.8 billion, slightly higher than the provisional forecast of $104.4 billion.

  • <p><b>South Korean steelmaker POSCO, which wants to build a $12 billion steel plant in Orissa, should not export raw materials, including iron ore, from the proposed project, environment minister Jairam Ramesh said on Monday.</b></p><p>"I would expect that (agreement) between the state and Posco would be negotiated in such a manner that exports of the raw material are completely avoided," Ramesh said in a statement.</p><p>POSCO signed the agreement for the Orissa mill in 2005 and it was scheduled to begin production by the end of 2011. Protests, environmental worries and litigation over a related mining concession have delayed the project.</p><p>Ramesh gave it clearance in January on certain conditions, including ensuring that tribal rights and forest protection laws are observed.</p>

    South Korean steelmaker POSCO, which wants to build a $12 billion steel plant in Orissa, should not export raw materials, including iron ore, from the proposed project, environment minister Jairam Ramesh said on Monday.

    "I would expect that (agreement) between the state and Posco would be negotiated in such a manner that exports of the raw material are completely avoided," Ramesh said in a statement.

    POSCO signed the agreement for the Orissa mill in 2005 and it was scheduled to begin production by the end of 2011. Protests, environmental worries and litigation over a related mining concession have delayed the project.

    Ramesh gave it clearance in January on certain conditions, including ensuring that tribal rights and forest protection laws are observed.

  • <p><b>Labourers erect scaffolding at a construction site in Chandigarh</b></p><p>India&#39;s infrastructure sector output grew 7.4% in March from a year earlier, faster than an annual growth of 6.8% in February, government data showed on Monday.</p><p>In the 2010-11 financial year that ended in March, output rose 5.9% compared with 5.5% annual growth in the previous fiscal year.</p><p>The infrastructure sector accounts for 26.7% of India&#39;s industrial output.</p>

    Labourers erect scaffolding at a construction site in Chandigarh

    India's infrastructure sector output grew 7.4% in March from a year earlier, faster than an annual growth of 6.8% in February, government data showed on Monday.

    In the 2010-11 financial year that ended in March, output rose 5.9% compared with 5.5% annual growth in the previous fiscal year.

    The infrastructure sector accounts for 26.7% of India's industrial output.

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