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UK
and India to boost bilateral trade
London:
Britain and India have decided to give a fresh impetus
to increase bilateral trade, which crossed over 5 billion
pounds last year.
A
decision in this regard was taken at a meeting between
Commerce and Industry Minister Kamal Nath and the British
Trade and Industry Secretary Patricia Hewitt at her office
in the Department of Trade and Industry here.
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US Senate approves Greenspan as Fed chief
Washington: The US Senate has approved President
George W Bush's nomination of Alan Greenspan to serve
a fifth term as Chairman of the Federal Reserve. The
approval came on a voice vote after the Senate Banking
Committee endorsed the nomination, with only Republican
Senator Jim Bunning voting against.
Greenspan,
78, has guided the Fed since 1987 when he was chosen by
President Ronald Reagan to succeed another legendary Chairman
Paul Volcker. He was re-nominated to the Fed post once
by Bush's father and twice by President Bill Clinton.
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