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Tejas twin-seat trainer's first flight today
On Thursday morning, the first prototype twin-seater, trainer version of the Tejas Light Combat Aircraft (LCA) will taxi out to the runway in Bangalore. With its design team watching tensely from the sidelines, the two test pilots will rev up the engine, race down the runway and, if all goes according to plan, lift the twin-seat Tejas into the sky for its first flight.

Andhra to form JV to explore gas reserves
The board of directors of Andhra Pradesh Industrial Infrastructure Corporation (APIIC) on Tuesday approved the proposal to create a joint venture company with APGenco. APIIC would have a majority 51 per cent equity share and APGenco the remaining 49 per cent.

News of the day

Apple plans to embed ads in operating system
Imagine this scenario. While you are booting your computer or notebook, an advertisement pops up and the screen freezes for some time. The ad could be an audio or a plain visual one. Regardless, it may offer you some product or could even offer the operating system (which enables you to start or boot your computer) free or at a lower cost. Tying you down for a few more seconds, the ad automatically fades away and allows you to continue with the booting process.
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Inflation may cross 6%, food prices biggest challenge: PMEAC

The Prime Minister"s economic advisory panel today said inflation may cross the six per cent mark by the end of this fiscal and managing food prices will be the biggest challenge for policy makers in the short run. - India may grow by 6.75% this fiscal: PM Eco Panel - Monthly WPI to lower bond volatility: DBS - Inflation, interest rate hike main concerns of Indian investors - Inflation, interest rate hike key concerns for investors - Inflation data to be monthly - Case for status quo The PM"s Economic Advisory Council (PMEAC), headed by former RBI Governor C Rangarajan, also cautioned policy makers against inflation contagion from global developments due to rise in oil prices and any further setback to the financial world. "In India, given the strength of inflationary pressures in the first half of 2009-10, due in part to the drought and expectations of lower supply, it is easy to envisage a situation in March 2010, where inflation is higher than 6 per cent," said the Economic Outlook for 2009-10 released by the council. "Inflationary pressures on the food front will be a major policy concern in 2009/10. In the short term, managing inflationary risks, particularly food price inflation, is the biggest challenge to policy makers," it added. The council said the weak monsoon rains and available acreage data suggest lower kharif output rendering the management of food inflation a severe challenge this fiscal. "While the current weather conditions favour a strong rabi (winter) crop, the possibility of adverse weather conditions in rabi cannot be completely ruled out," it added.


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