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Volatile capital flows could pose problems, says RBI
Rapid and volatile capital inflows or outflows could pose significant policy challenges, potentially leading to exchange rate overshooting, asset price volatility and financial instability, Reserve Bank of India (RBI) Deputy Governor Shyamala Gopinath said in Mumbai today.

ISB launches two initiatives to promote student entrepreneurs
Hyderabad-based Indian School of Business (ISB) has launched two new initiatives in an effort to encourage entrepreneurship among students. ISB’s Wadhwani Centre for Entrepreneurship Development (WCED) has launched the Entrepreneurs Development Initiative (EDI) and Planning an Entrepreneurial Venture (PaEV) to incubate and promote entrepreneurial ventures by students.

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Nabard okays Rs 2.14 cr loan for drinking water
The National Bank for Agriculture and Rural Development (NABARD) has sanctioned a loan of Rs. 2.14 crore to the state government for implementation of a drinking water scheme at Lingdok Bazaar in East Sikkim, an official release said today.
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Training for terrorists comes from Pakistan: Clinton

Expressing concern over series of arrests of US nationals as terror suspects, Secretary of State Hillary Clinton has said much of the training and direction for terrorists comes from Pakistan and the border area with Afghanistan. - ITC reaps growth benefits from its green capital - US not cutting and running from Afghanistan: Hillary - Indo-Pak relations critical for stability of the region: Mullen - Sunil Sethi: Why we can"t remember dates">Sunil Sethi: Why we can"t remember dates - Crisis and opportunity - A year after, hotel stocks back in flavour "We know that much of the training and the direction for terrorists comes from Pakistan and the border area with Afghanistan," Clinton told reporters at the Foggy Bottom headquarters of the State Department. It has always been a concern, Clinton said when asked about several cases of home grown terrorists in the country. "We know we"ve got to work more closely with both Afghanistan and Pakistan to try to root out the infrastructure of terrorism that continues to recruit and train people who are willing to do what is alleged with Zazi, David Headley, and others in the recent cases that have come to light," Clinton said. Headley, a US national of Pakistani origin was arrested by the FBI in October on charges of planning terrorist attacks in India and Mumbai.The FBI in its charge-sheet filed this week has accused Headley of being involved in the Mumbai terrorist attacks. "One of the reasons why President Obama made the decision which he announced last week with respect to our strategy going forward is because we continue to see a syndicate of terrorism that al-Qaida is, in effect, the head of that is not only an aspirational or ideological head, but providing funding and training and equipping and operational direction to a number of terrorist groups," Clinton said. "And therefore, we will remain very vigilant at home," she said.


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