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News In Pictures: 26 June 09

Photo Credit :

END OF AN ERA: A fan holds a newspaper that runs a story on MichaelJackson's death, as he is interviewed by a TV journalist outside the O2 arena in east London, on Friday, 26 June 2009, where Michael Jackson was scheduled to play 50 shows from July 2009. 50-year old Jackson, the "King of Pop" died Thursday at UCLA Medical Center, USA, after being stricken at his rented home in Holmby Hills, LA, as he prepared for a comeback tour to vanquish nightmare years of scandal and financial calamity.( AP)


SCHOOL OF MONEY: RBI Deputy Governor Usha Thorat releases a brochure during inauguration of 'Samadhan', a financial literacy and credit counselling centre, promoted by Allahabad Bank in Kolkata on Friday, 26 June 2009. The Centre will act under the aegis of Allahabad Bank Rural Development Trust. A total of 148 such centres promoted by the various public sector banks have been set up in India so far. Ms Thorat said that as indebtedness had become a major issue, Centres like these would help people seeking knowledge and making financial management in a prudent way to avoid a debt trap.(PTI)


STANDING GROUND: Minister of State for External Affairs Preneet Kaur delivers her statement on the "Conference on the world financial and economic crisis and it's impact on development" at the United Nations General Assembly in New York on Thursday. Speaking about the impact of the global meltdown on India, Kaur said that "We have fared much better than others though we are also affected and our growth rates have come down from the nearly nine per cent average of the past four years." In response to the crisis, she sid that India has made aggressive use of fiscal and monetary policy, with particular focus on fiscal stimulus in infrastructure investment.(PTI)