Subcontinent 21
Business 23
Sports 24
Spiritual Awareness 30
NEW YORK EDITION Vol.4 No.39 January 21-27, 2012 60 Cents 1 million sign petition to recall Wisconsin Governor
Follow us on
Priyanka Gandhi ready to play bigger role in Congress India, Page 12
Yoko Ono ’s peace through art mission to India Art & Fashion, Page 15
India to invest $35 billion to stimulate economy New Delhi: India is to launch a $35bn wave of public sector investment to reverse a decline in the fast-growing economy’s growth rate and return it closer to double digits, according to the prime minister’s office. The emergency stimulus measures are a strong response to widespread criticism of policy paralysis in New Delhi and a dramatic fall in economic growth to 7 per cent from an earlier 9 per cent. The Manmohan Singh government has ordered 17 state-owned companies to use reserves money to invest in a mix of infrastructure projects and overseas energy purchases, reported Financial Times in an exclusive. “They are sitting on piles of cash,” said
TheSouthAsianTimes.info Bollywood heavyweights party with Oprah Bollywood, Page 16
Romney riches new hurdle in his path to nomination
17 state-owned companies such as ONGC and Coal India to use reserves to invest in infrastructure projects and overseas energy purchases. one official of the urgent need to trigger a mobilization of currently “inactive” resources to boost confidence in the economy, and promote India’s energy security. The move also strives to prompt privatesector companies – which have expressed reservations about investing in the domestic Continued on page 4
Washington DC: With a fortune that may run into a quarter of a billion dollars, Mitt Romney is one of the wealthiest men to ever run for president. But currently his reluctance to reveal all about his riches and tax returns is proving a millstone around his
Riveting battles for the ballot in 5 Indian states New Delhi: The only certainty about the polls in five Indian states to be conducted over more than a month starting Jan 28 is that they will be fair and free—and riveting. Anti-incumbency factor in Uttar Pradesh and Punjab, for example, will ensure ding-dong ballot battles. The results may also throw up pointers as to how much the corruption scandals and the protracted Lokpal Bill impasse of the last one year damaged the image of the ruling Congress party at the Center. The impartial Election Commission has ordered Mayawati's statues and her election symbol of elephants carved out of stone covered and at the same time, it has hot down Congress' pro-Muslim sops. The most crucial of the middle India states, Uttar Pradesh, will see a battle between the two old regional adversaries, Mayawati’s Bahujan Samaj Party (BSP) and the Samajwadi Party (SP), while Congress and the BJP watch from the sidelines. The anti-incumbency factor, which led to the SP's ouster in 2007, may be felt by the BSP this time, largely because of its neglect of significant development proj
The Election Commission has ordered Mayawati’s ubiquitous statues covered in the run up to election in Uttar Pradesh. Continued on page 4 Read more election news on page 12
Perry endorsing Gingrich dulls Santorum’s Iowa win neck. Republican rivals’ vehement attacks over his career in the leveraged buyout business and the shrouded wealth now pose a major political risk on his march to GOP Continued on page 4
Dr Kaushik bestowed highest award for overseas Indians Jaipur: Dr. Surendra Kumar Kaushik, a New Yorker known for setting up a women’s college in his native Rajasthan, was presented the Pravasi Bharatiya Samman award at PBD Jaipur on Jan 9 by President Pratibha Patil. He was one of only two Indian Americans and 14 eminent overseas Indians to receive the highest award for NRIs and PIOs. The award citation commended his contributions in the field of economics and for enhancing the Indian community’s stature abroad. Dr Kaushik, 67, a B.S. in commerce from the University of Rajasthan and a Ph.D. in economics from Boston University, is a professor of finance at Pace University in New York City and
Dr. Surendra K. Kaushik receiving the Pravasi Bharatiya Samman award at PBD Jaipur from President Pratibha Patil. Westchester, NY. He married Helena Pokornicki, a health professional, in 1944. She suffered a debilitating stroke in January 1991 and is cared for by Dr. Kaushik since then. He Continued on page 4