India proposes 16% increase in public spending - GN Midday Thursday Feb 28 2013 - video Dailymotion

Gulf News

Daily news headlines from the UAE and around the world, brought to you by Gulf News. Dubai to become centre for Islamic finance. India proposes public spending increase. Electronic system to monitor controlled medicines starts in March, Syria opposition, foreign powers meet in Rome. Non-profit organization seeks couple for trip to Mars. Del Potro, Brands play Dubai Duty Free quater-finals. Chelsea interim manager Benitez attacks club management. FANtastic Fan Day at Dubai Tennis Championships. I, Me Aur Mein, Identity Thief, Parker in theatres today. Chris Tucker does standup in Abu Dhabi.

Transcript

00:00Good day, and welcome to the Gulf News Update for Thursday, February the 28th.

00:15Here are the top stories at this hour.

00:18His Highness Sheikh Mohammed bin Rashid al-Maktoum, Vice President and Prime Minister of the UAE

00:23and ruler of Dubai, has announced an initiative to transform Dubai into a global center for

00:28Islamic bonds.

00:29Launched on the floor of the Dubai financial market yesterday, the initiative will create

00:33a center for issuing, listing and trading Sukuks as part of a plan to develop Dubai

00:39into a center for Islamic finance.

00:41India's finance minister proposed a 16% rise in public spending in his annual budget

00:46today as he sought to balance demands for pre-election spending with alarm over the

00:51public deficit.

00:52P. Chidambaram said the Indian economy was in a trough but the government will be able

00:57to increase spending to $31 billion in the next fiscal year.

01:01A new unified electronic system to monitor the dispensing of controlled drugs will be

01:06implemented by Dubai police in March.

01:09Major General Abdel Jalil Mahdi al-Asmawi, Director of the General Department of Antinarcotics

01:14at the Dubai Police, said the steps were in cooperation with the Ministry of Health.

01:19Syria's opposition and foreign powers are holding crucial talks in Rome.

01:23The Friends of Syria meeting comes after the new U.S. Secretary of State John Kerry

01:28said the opposition needs more help in the fight against Bashar al-Assad and that Washington

01:33wants to speed up the crisis-hit country's political transition.

01:37A non-profit foundation wants to recruit a man and a woman, possibly a married couple,

01:42for a 501-day journey to Mars and back.

01:45The mission, expected to cost upwards of $1 billion, would start in less than five years.

01:51Project founder Denis Tito says he will pay start-up costs for two years.

01:55In sport, Juan Martin del Potro kicks off the quarterfinals of the Dubai duty-free men's

02:00Open with a match against Germany's Daniel Brandt.

02:04Thomas Berdych, Novak Djokovic and Roger Federer will all be in action later.

02:09Chelsea interim manager Rafael Benitez has launched an attack on the club's management

02:14and fans while confirming he will leave the club at the end of the season.

02:18On the pitch, the Blues beat Middlesbrough 2-0 last night to set up an FA Cup quarterfinal

02:22showdown with Manchester United.

02:25Variety is the name of the game on the UAE's entertainment scene this weekend at the Fantastic

02:30Fan Day at the Dubai Tennis Championships.

02:32A top player will choose the best fan costume this afternoon.

02:36At the movies today, there's Bollywood rom-com I, Me, Irmaine, comedy identity thief and

02:41crime thriller Parker.

02:43U.S. comedy actor Chris Tucker will be doing two nights of stand-up at the Dew Forum in

02:47Abu Dhabi.

02:48Finally, the weather.

02:49Today's high across the UAE will be 30 degrees Celsius, falling to 15 degrees at night.

02:55That's all for now.

02:56Thanks for watching.

02:57And a reminder, we'll be back with the newscast on Sunday, but you can always get the latest

03:01news at golfnews.com.

India proposes 16% increase in public spending - GN Midday Thursday Feb 28 2013

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