Path: utzoo!utgpu!news-server.csri.toronto.edu!rpi!zaphod.mps.ohio-state.edu!wuarchive!uunet!seismo!dimacs.rutgers.edu!aramis.rutgers.edu!remus.rutgers.edu!ecn.purdue.edu From: pall@ecn.purdue.edu (Pallab K Bhattacharyya) Newsgroups: misc.news.southasia Subject: India News: (SOME OLD SOME NEW) Message-ID: Date: 25 Jun 91 18:48:13 GMT Sender: gaddam@remus.rutgers.edu Lines: 30 Approved: gaddam@remus.rutgers.edu ======================= SOURCE: NEWS INDIA Pallab K Bhattacharyya ======================= 1. U.S. INFLATION UNDER CONTROL: REPORT Washington: U.S. retail prices rose a slight 0.3 percent in May, the government said on June 14 in a report economists said showed inflation is undercontrol and poses no threat to a recovery from the 11-month-old recession. Wall Street signalled its approval of the inflation report, boosting the blue-chip Dow index more than 27 points at noon to 2,992.40. 2. DOLLAR FETCHES RS. 27 IN BOMBAY'S HAWALA MARKET Bombay: A mad scramble for the U.S. dollar has pushed up the unofficial dollar-rupee exchange rate, popularly called the `havala', from about Rs. 22.50 a week ago, to an all time high of Rs. 27 to Rs. 27.50 on June 12. 3. BIHAR VIOLENCE CLAIMS 12 LIVES DURING SECOND ROUND OF INDIAN GENERAL POLL New Delhi: At least a dozen people were killed in Bihar state in clashesamong rival party workers after India resumed its second round of polling June 12. An estimated 50 percent of 106 million voters cast ballots in the polling held for 113 parliamentary seats. 4. INDIA OPTIMISTIC ABOUT HOSTING WORLD CUP SOCCER FINALS IN 1998 New Delhi: The decision to award the 1994 World Cup soccer finals to North American has encouraged India to believe it can capture the finals four years later. "One point which has been debated for years is to rotate the World Cup and allow continents other than Europe and South America to host the World Cup," all-India Football Federation secretary P.P.Lakshmanan said. End of article ==============