India might soon surge ahead of China as a preferred investment destination for Japanese companies, a top official of the Japan Bank for International Cooperation said Wednesday. "India has huge potential for attracting investment from Japanese companies," JBIC Chief Executive Officer Hiroshi Watanabe said in an interview with the Indian English daily The Times of India, stressing that India's demographic advantage and increasing buying power will "motivate more Japanese firms to set up units here."

The Indian Ministry of External Affairs (MEA) has given one month extension to Pakistani Hindus, who have refused to go back to their country due to terror incidents there. Reports Tuesday claimed that the Indian ministry gave one month extension to the Pakistani Hindus after their visas expired. As per report, hundreds of Pakistan Hindu families are currently living in shelter homes in India since November 2011 after their tourist visas expired.

Pak-India joint business council (PIJBC) would contribute to the efforts for long term, sustainable and mutually beneficial relationship between the neighbour states. Noor Muhammad Kasuri one of the 15 member Council constituted by the Government of Pakistan, said this talking to Media. He expressed confidence that the Council would play its role to facilitate the two states take future decisions while adopting a friendly approach towards each other. “It would also help both the sides to resolve the issues like expansion of Iran-Pak gas pipeline project to India”, he expr

Italian Foreign Minister Giulio Terzi said Tuesday he was resigning from his post in protest over the return of two Italian marines to India to face murder charges. "I resign in contention with the decision to send the marines back to India. The misgivings I expressed had no effect on the decision taken," he told parliament. "I am resigning because for 40 years I have maintained, and still maintain, that the reputation of the country, the armed forces and Italian diplomacy, should be safeguarded," he said.