Indians arrested for theft at Temple festival

The police said that they also too into custody a van used by the suspects during the theft at the festival of the Malipuram Sri Alwar Temple. The police have arrested three Indians who were involved in stealing chains and other items from devotees at a festival of a Hindu Temple in Point Pedro.The police said that seven people were arrested and among them were five women. Among the seven arrested are two Indian women and an Indian man, the police media unit said. The police said that they recovered 20 gold chains and pendants stolen by the suspects. Further investigations are underway. (Colombo Gazette) read more

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With economy weak low rates needed until at least late 2013 IMF

AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by The Canadian Press Posted Dec 19, 2012 9:59 am MDT OTTAWA – The International Monetary Fund is telling the Bank of Canada to hold off on monetary tightening until the economy performs better.The IMF says in a new report on Canada that the economy slowed in 2012 and will underperform again in 2013 with sub-two-per-cent growth.The Washington-based international financial institution says the best case scenario suggests growth should perk up in late 2013, at which time higher interest rates might be warranted.But it cautions that as modest as its appraisal is of Canadian economic prospects, all the risks are still tilted toward a worse — not better — result.It says if the worst does happen, there is still some space for monetary easing to occur — that is for the Bank of Canada to lower interest rates even further.Similarly, while the IMF says Canadian governments are taking the correct actions in seeking to rein in deficits, they should also be prepared to reverse course to new spending stimulus if an adverse shock were to occur.Barring any unforeseen circumstances, the IMF says Canada’s economy should advance by just under two per cent in 2013 and at about 2.25 per cent in 2014. With economy weak, low rates needed until at least late 2013, IMF tells Canada read more

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