India needs substantial foreign exchange reserves as buffer against outflows: Raghuram Rajan

New Delhi, Aug 15 (ANI): RBI Governor Raghuram Rajan said that country needs substantial foreign exchange reserves as a buffer against capital outflows. India had foreign exchange reserves of $320.56 billion as of the week ending August 1, close to surpassing the record high of $320.785 billion set in September 2011.Rajan has set himself a target of lowering consumer inflation and is even ready to raise rates to achieve it, risking friction with the new government if he is seen as overstepping Aug 15, 2014

PM Narendra Modi hoists national flag on 68th Independence Day

New Delhi, Aug 15 (ANI): Prime Minister Narendra Modi hoisted the national flag at the historic Red Fort in Delhi on the prestigious occasion of 68th Independence Day. After receiving the guard of honour, PM Modi reached the central court of Red Fort to unfurl the national flag. Modi walked the red carpet to reach central court as thousands of people waited for the sight. Senior leaders and ministers were also present at the auspicious event. The prime minister also paid homage to the martyrs at the Rajghat. Modi will now address the nation from the historic Red Fort as the Prime Minister for the first time. The level of expectation is extremely high owing to Modi’s excellent oratory skills. India got its independence from the British colonial rule in 1947. Aug 15, 2014

'Prince of Pot' back in Canada from US prison

Canada's self-proclaimed "Prince of Pot" Marc Emery returned home Tuesday, vowing "political revenge" after spending more than four years in a US prison for selling marijuana seeds by mail across the border. Duration: 01:24 Aug 14, 2014

Gabon: pangolins killed for their bodyparts

The pangolin, a small scaly anteater is one of the biggest victims of poaching in Gabon. The pangolin trade was banned in 2000 by international law, but it remains one of the most sought after species by traffickers. Duration: 00:58 Aug 14, 2014

Freedom is a celebration, independence is a challenge: President while addressing nation on eve of I

New Delhi, Aug 14 (ANI): While addressing and greeting the nation on the eve of Independence Day, President Pranab Mukherjee on Thursday said that Freedom is a celebration and independence is a challenge. The President said that intolerance and violence is a betrayal of the letter and spirit of democracy and slammed those who believe in the "poison drip of inflammatory provocation". Talking about good governance, he said India needs creative thinking in governance that enables fast track development and ensures social harmony. He also said that the good governance involves participation by people and transparency on the part of the government. He appealed the political parties to keep the nation first and that the people should defend the secular fabric with vigour. Finally said that this is the time to take action and people should not wait any further. Aug 14, 2014

Freedom is a celebration, independence is a challenge: President while addressing nation on eve of I

New Delhi, Aug 14 (ANI): While addressing and greeting the nation on the eve of Independence Day, President Pranab Mukherjee on Thursday said that Freedom is a celebration and independence is a challenge. The President said that intolerance and violence is a betrayal of the letter and spirit of democracy and slammed those who believe in the "poison drip of inflammatory provocation". Talking about good governance, he said India needs creative thinking in governance that enables fast track development and ensures social harmony. He also said that the good governance involves participation by people and transparency on the part of the government. He appealed the political parties to keep the nation first and that the people should defend the secular fabric with vigour. Finally said that this is the time to take action and people should not wait any further. Aug 14, 2014

Bollywood actors lend support to short film festival aimed at creative filmmaking

Mumbai, Aug 14 (ANI): Bollywood heartthrob Ranbir Kapoor and actress Alia Bhatt attended a short film festival 'Shuruaat ka Interval' in entertainment capital Mumbai. An anthology of short films called 'Shuruaat ka Interval' features eight shorts from various filmmakers who have been chosen and mentored by filmmakers Imtiaz Ali, Vikas Bahl, Vikramaditya Motwane and Anand Gandhi. During the inauguration event, Kapoor said the Indian film fraternity should encourage such short films as it gives fresh talent a chance to grow big. All the short films are based on one theme – interval – which has been interpreted and presented in a different way by each filmmaker. Aug 14, 2014

Bridge collapse kills three in Himachal Pradesh

Hamirpur, Aug 14 (ANI): Three people were killed on Thursday after a bridge collapsed in Jahu area of Hamirpur disrict in Himachal Pradesh due to heavy rainfall. Sub-divisional Magistrate (SDM) Bhoranj Balwan Chand said rescue teams were working and one body was pulled out from the river. The Disaster Response Force teams reached the accident site and began relief work. Search for more bodies is underway. Aug 14, 2014

VHP protest outside Pakistan embassy over hardships faced by Hindus in Pak

New Delhi, Aug 14 (ANI): Vishwa Hindu Parishad (VHP) on Thursday staged a protest outside Pakistan embassy in New Delhi against the hardships faced by the Hindu community in the neighbouring country. Leaders of VHP claimed that Hindu community living in Pakistan was being treated inhumanly and demanded protection of human rights violations. Protesters shouted anti-Pakistan slogans and demanded justice for the Hindus living there. Protesters were accompanied by the Hindus who have fled from Pakistan after facing the torture from the natives there. VHP Joint General Secretary Swami Vigyanand said August 14 was being marked worldwide as a day to protest against the human rights violations on Pakistani Hindus. Aug 14, 2014

Bangladesh academician remembers Sheikh Mujibur Rahman ahead of his death anniversary

Dhaka, Aug 14 (ANI): Bangladesh academician, Syed Anwar Husain remembered founding father, Sheikh Mujibur Rahman, for his significant contribution in the country’s fight for an independent state, as the nation mourns his assassination during an army coup in 1975. Mujibur, or Mujib as he was popularly called, was killed along with most of his family members in a 1975 revolt by young army officers. One of his two surviving daughters, Sheikh Hasina, is now the country's prime minister. The city streets are full of posters and banners bearing Rahman’s photographs. On Wednesday, Husain also lauded Rahman for his efforts in the emergence of Bangladesh as an independent nation. Aug 14, 2014

Lok Sabha & Rajya Sabha adjourned sine die, Budget Session ends

New Delhi, Aug 14 (ANI): The Speakers of both Lok Sabha and Rajya Sabha on Thursday adjourned the respective houses sine die. The budget session which ran for more than a month was adjourned sine die after the announcement by Lok Sabha Speaker Sumitra Mahajan and Rajya Sabha Chairman Hamid Ansari. Earlier in the day, Rajya Sabha passed Constitutional Amendment Bill which went to President Pranab Mukherjee for his assent. Aug 14, 2014