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Jindal becomes first Governor to refuse Obama's payout to states

Washington, Feb 21 (ANI): Louisiana Governor Bobby Jindal has announced that he will decline stimulus money specifically targeted at expanding state unemployment insurance coverage, becoming the first state executive to officially refuse any part of the federal government's payout to states.

In a statement, Jindal, who is slated to give the Republican response to President Barack Obama's message to Congress on Tuesday, expressed concern that expanding unemployment insurance coverage would lead to increased unemployment insurance taxes later on, Politico.com reported.

"The federal money in this bill will run out in less than three years for this benefit and our businesses would then be stuck paying the bill," Jindal said.

"We must be careful and thoughtful as we examine all the strings attached to the funding in this package. We cannot grow government in an unsustainable way."

Jindal is one of a small group of Republican governors, which includes South Carolina's Mark Sanford and Mississippi's Haley Barbour, who have said they might refuse some or all of the stimulus money targeted to their states.

In an interview Friday, Barbour said he, too, would likely decline funds for broadening access to unemployment insurance. (ANI)

Jindal to set up subsidiary in India, Singapore

New Delhi, Mar 16: Country's largest stainless steel producer, Jindal Stainless Ltd said it will invest up to Rs 500 crore to set up a subsidiary in the country in next two-three years. ''In order to reap the benefit of rising infrastructure and utility services sector and to promote the usage of stainless steel in this sector, the Board of directors of the company has resolved to promote a wholly-owned subsidiary in India,'' a company statement said. In a meeting, the.....
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