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Rlys' revenues beat estimates, register strong growth
Railway Minister Mamata Banerjee’s officials claim she has been able to create magic, like her predecessor Lalu Prasad. (Though, after he left, we were told it was nothing of the sort). Riding on strong growth in revenues from traffic operations, the ministry is looking at revising upwards the traffic receipts it had outlined in the Budget this financial year.

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Financial city to initially attract banking, insurance
The Tamil Nadu government"s proposed Financial City, aimed at wooing private financial players, is expected to come up on 180-acres at suburban Sholinganallur and Perumbakkam and would initially attract companies involved in banking and insurance accounting operations, Deputy Chief Minister M K Stalin said today.

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Succession race hots up in AP
Supporters of Y S Jaganmohan Reddy today sought to step up the campaign for making him the Chief Minister of Andhra Pradesh even as the interim incumbent K Rosaiah ruled out the possibility of any division in the party.
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Stop using insurgents as strategic tool, Obama warns Pak

In a stern message to Pakistan, the United States has asked it to shed its policy of "using insurgents" like LeT as a strategic tool and warned that if it cannot deliver against terrorists, the US may be impelled to use "any means" at its disposal. - N-deal: India, US may finalise reprocessing pact in 10-12 days - Sanjaya Baru: Obama seeks to encash nuclear deal IOUs">Sanjaya Baru: Obama seeks to encash nuclear deal IOUs - India, US may finalise reprocessing pact in 10-12 days - Frank Sieren & Andreas Sieren: Two wrestlers">Frank Sieren & Andreas Sieren: Two wrestlers - Krishna, Qureshi to attend CHOGM, but meeting unlikely - Partners, not allies The message, which has been conveyed in a letter from US President Barack Obama to his Pakistani counterpart Asif Ali Zardari, also includes an offer by him to try to "reduce tensions" between India and Pakistan, media reported here. The two-page letter, hand-delivered by National Security Adviser General (Retd) James Jones when he visited Islamabad early this month, offers Pakistan enhancement of strategic partnership if they act as wished by the US, besides additional military and economic aid. In his letter, Obama has also warned Pakistan that its use of insurgent groups for policy goals "cannot continue" and called for closer collaboration against all extremist groups. He named five such groups -- al-Qaeda, the Afghan Taliban, the Haqqani network, Lashkar-e-Taiba (LeT) and Tehrik-e-Taliban. "Using vague diplomatic language, he said that ambiguity in Pakistan"s relationship with any of them could no longer be ignored," the Washington Post reported. Jones did some straight-talking with the top Pakistani leadership, the daily said. "If Pakistan cannot deliver, he warned, the US may be impelled to use any means at its disposal to rout insurgents based along Pakistan"s western and southern borders with Afghanistan." The Post said US officials have long referred to Pakistani military and intelligence officers who are sympathetic to or actively support insurgent groups fighting in Afghanistan as "rogue elements". More recently, they have described those relationships as more direct and institutional within a divided military. "For the things that we care about," a US official was quoted as saying, "the real decision-maker is the military. "It has long been hedging its bets in Afghanistan; the military has positioned itself to prevent inroads by India in the event of a US withdrawal, and against a 30-year history of being used and then rejected by shifting US policy aims," it said.


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