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2009 marks turning point in Indo-Russian ties
The year 2009 proved to be a turning point in the ties between India and Russia as the two strategic allies put aside the chill and "misunderstandings" to re-discover each other in the changing global scenario and extended their defence cooperation for another decade.

BofA appoints Brian Moynihan as President and CEO
Financial services major Bank of America today said its consumer banking chief Brian T Moynihan will replace Kenneth D Lewis as President and Chief Executive Officer of the company on January 1, 2010.

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Splitting the difference
Buffett: Kraft Foods and Cadbury may have agreed on the takeover of the UK chocolatier by the U.S. food conglomerate. But leading investors in both firms are still at loggerheads over the acquired company"s value.
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More mandals to come under drought list

The department of disaster management, Andhra Pradesh, would include more mandals, which have not been covered under the drought notification. “We are taking further action to consider the requests based on the eligibility norms,” said state revenue, relief and rehabilitation minister Dharmana Prasada Rao. - Centre to invest Rs 9,000 cr in Vizag Steel expansion - AP seeks Rs 10,000 cr for drought relief - CM to hand over land to shipping tech unit - AP govt to spend Rs 30 crore on Hyd roads - Govt working to ease mask shortage - Two more die of swine flue in Andhra Addressing mediapersons here on Wednesday, Rao said chief minister K Rosaiah had written a letter to Union home and agriculture minister Sharad Pawar seeking early release of Rs 9,747.42 crore drought relief fund. The Andhra government has declared 981 mandals in 22 districts as drought-affected. As on August 15, 2009, the extent of crop damage is estimated at Rs 3,007.66 crore, with the total affected crop area being 1.17 million hectare (ha). The cropped area with more than 50 per cent damage is estimated at 1.86 million ha while the unsown area is 3.59 million ha. “The drought memorandum covers input subsidy for agriculture crops of Rs 291.44 crore and a Rs 86.49-crore input subsidy requirement for horticulture crops. Fodder development is proposed additionally for 100,000 ha through supply of fodder seed at 75 per cent subsidy. About 5,000 tonne of fodder seed will be supplied to yield 1 million tonne of dry fodder,” the minister said. Rao said the state government had proposed to cover 40,000 ha under community fodder development at 100 per cent subsidy to yield 400,000 tonne of dry fodder. About 2,000 tonne of fodder seed is proposed to be supplied for this programme. “To mitigate the sufferings of the people, the government will organise 600 cattle camps and will cover 1,616 habitations for transportation of drinking water in rural areas. Flushing and deepening of 5,357 borewells and 4,798 open wells respectively too will be taken up,” he added. Drought pension of Rs 200 per month per person will be extended to 1.47 million, the minister said.


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