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US sales of new homes rose 3.3 percent in April
Americans bought more new homes last month, the latest evidence that the U.S. housing market could be starting to recover.New-home sales increased 3.3 percent in April from March to a seasonally adjusted annual rate of 343,000, the Commerce Department said Wednesday. Sales rose sharply in every region of the country but the South.The gain pushed the annual sales pace to its second-highest level in

Chidambaram inaugurates Jashn-e-Kashmir at Kargil
Kargil, May 23 (IBNS) Union Home Minister P. Chidambaram has assured the people of Kargil region that rich Language, culture and tradition of Kargil will be preserved and protected at all cost.

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MPs' demand for red beacon nipped in bud
New Delhi: Parliamentarians' demand for a red beacon atop their cars in the capital was nipped in the bud with Congress President Sonia Gandhi refusing to sport one on her own vehicle. "It was a

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Union Home Secretary leaves for Islamabad
New Delhi, May 23 (IBNS) Union Home Secretary RK Singh led high-level delegation left for Islamabad on Wednesday for the India-Pakistan Home Secretary level talks, which will be held on May 24-25.

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Remains of 10 Ohio veterans found are buried
Veterans and civilians stood side by side to honor 10 Ohio veterans whose remains were buried Tuesday with full military honors, several months after they were found in a funeral home basement.

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Cut in base rate better than spread reduction

Since the beginning of this year, banks have been lowering interest rates for home loan borrowers. Union Bank of India (UBI) set the mood for a rate cut in January with a 10-basis-point (bp) reduction

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