Arrest of world’s richest Sri Lankan, billionaire Raj Rajaratnam felt in Sri Lanka with the Colombo Stock Exchange crash
Pijush Lodh
Oct. 19, 2009

He was the icon of rich and powerful in Sri Lanka. Lankan government vowed to investigate the Wharton Business School-educated Rajaratnam’s LTTE links in a witch-hunt.

The Sri Lankan business circles were worried for the conversations about the implications of his arrest on the hundreds of millions of dollars that Rajaratnam had invested in Sri Lanka since 2003, a year after the government signed a truce with the LTTE.

Sri Lankan Central Bank said: "investigations are yet continuing in relation to the funding allegedly provided by Raj Rajaratnam to the TRO (Tamil Rehabilitation Organisaton). Accordingly, any reports that suggest that such investigations are concluded or that Rajaratnam has been cleared of possible involvement are incorrect and misleading."

Arrest of world’s richest Sri Lankan, billionaire Raj Rajaratnam felt in Sri Lanka with the Colombo Stock Exchange crash
Pijush Lodh
He was the icon of rich and powerful in Sri Lanka. Lankan government vowed to investigate the Wharton Business School-educated Rajaratnam’s LTTE links in a witch-hunt.
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Hari Mahato
India finally understands the danger in the Pakistan-Iran gas pipeline. It is no longer interested in the dangerous project.
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Environment minister Jairam Ramesh, in a confidential to the PM, has suggested that India junk the Kyoto Protocol, delink itself from G77 -- the 131-member bloc of developing nations ...
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Indian forex reserves rose by $1.52 billion to $281.9 billion : Reserve Bank of India
Media Release
The forex reserves rose by $1.52 billion to $281.9 billion in the week ended October 9, the Reserve Bank of India (RBI) said.
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International think tanks pointed out, it is too late. China again defeated India in diplomacy and tactics for grabing international resource for petro-carbons.
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IMF reports Indian economic growth at 5.4 per cent in 2009
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The Indian economy grew by 5.8 per cent in the first quarter and 6.1 per cent in the second quarter of this calendar year.
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No salary cuts for Air India pilots - strike called off
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Till Tuesday, day four of the strike, 100 flights had been cancelled. On Wednesday morning, 28 flights, including two international, had been cancelled.
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