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Surveillance devices need to keep pace with terrorist ploys
Terrorist attacks are becoming increasingly sophisticated and consistently exploiting India’s gaping security loopholes — both on terra firma and in cyberspace. AK-47s and M-series weapons apart, the attack on India’s financial capital Mumbai revealed that militants not only use emails and exploit wireless technologies but also use satellite phones (satphones) and Global Positioning System (GPS) maps to chart their entry and escape routes.

OBC seeks Rs 1,000 crore support from govt: CMD
Claiming that the Oriental Bank of Commerce (OBC) was in its expansion mode and would open at least 200 new branches every year in the next three fiscals, Chairman-cum-Managing Director of the Bank T Y Prabhu said the bank had sought capital support of Rs 1,000 crore from the government to implement its expansion plan.

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Floods: Army, Navy intensify rescue efforts
Armed forces today intensified search and rescue operations using 13 helicopters and over 100 boats in flood-hit states of Karnataka and Andhra Pradesh, reeling under one of the heaviest floods in the last century.
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Interest rates may not rise sharply: Rangarajan

The government"s high borrowings may not push up interest rates sharply towards the end of this year and are likely to hover around the current levels, Prime Minister"s Economic Advisory Council chairman C Rangarajan said. - Capital a/c convertibility after weighing pros and cons: RBI - Discipline deficit to deliver - PM advisory panel raises doubts over S&P"s move - RBI has headroom to further cut interest rates: Rangarajan - Bank credit up after a month - Suman Bery: Mood Music">Suman Bery: Mood Music "...There may not be any sharp increase of the interest rates. I think the interest rate will more or less remain at this level," Rangarajan told news channel CNBC TV18. The private demand is still not picking up and the funds under market stabilisation scheme are also maturing "that would also provide additional liquidity into the system," he said. The government has proposed to borrow Rs 4 lakh crore from the market during the current fiscal. He further said that the Indian economy is likely to grow between 6 per cent and 6.5 per cent in the current fiscal even after taking into consideration the impact of international financial crisis as well as drought. "Taking into account the impact of international financial crisis as well as drought I still think the Indian economy will grow between 6 per cent and 6.5 per cent," he said. He expects the Indian economy to do much better in the second half of the current fiscal compared to last fiscal. The country managed a reasonable economic growth of 6.1 per cent in the first quarter of the current fiscal despite the global financial crisis.


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