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Khammam, Andhra Pradesh: At least 14 children are feared dead after a school bus carrying them fell into a canal in Khammam district of Andhra Pradesh this afternoon.
Early reports suggest that the cleaner rather than driver was driving the vehicle when the accident happened.
The bus belonged to LV Reddy School and reportedly had a total of 40 children on board.
It plunged into Tungaram canal in Kothagudem Mandal while trying to avoid a collision with a bike, said an eyewitness.
The accident also left 18 children injured. They were rushed to a nearby hospital.
In a similar mishap in the state last month, four students died after their school bus fell into a river in East Godavari district.
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The BSE Sensex ended 210 points or 1.2% lower at 17,466 while the broader Nifty index declined 63 points at 5,318 on the Budget day.
Finance Minister Pranab Mukherjee's proposals to hike excise duty and service tax did not go down well with corporates, though the Street had already factored in the hike. The FM's announcements on the fiscal front sounded ambitious to economists and analysts in the absence of a credible roadmap.
"Overall an uneventful budget though a little more credible than what we saw this time last year. The 7.6% GDP figure is not realistic. The sub-2% subsidy figure is also very hard to crystallize. So, 5.1% deficit may reach 6%," Tarun Kataria, chief executive office of Religare Capital Markets told NDTV Profit.
Market analysts dismissed the Budget as a non-event.
"The Budget was expected to be tough and it is tough on the corporate world... There are no surprises on the down side and upside and it's business as usual for markets," Raamdeo Agrawal , Joint Managing Director of Motilal Oswal said.
Meanwhile, a Budget proposal to tax offshore transfers in India (if the shares derive its value substantially from assets in India) from retrospective effect did not go down with analysts.
"This will be very negative from FDI and FII perspective. I would like to think this would not happen because this is something that should not be done," Kataria said.
Madhav Dhar, Managing Partner of Traxis Partners LLC told NDTV Profit the Budget was a big yawn for the most part and ended with a violent scream.
Read: The biggest gainers and losers in markets today
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Tokyo: Japan fell silent for one minute on Sunday to remember the 19,000 people who were killed when a huge tsunami smashed into the country's northeast coast a year ago.
Ceremonies around the disaster zone and in the capital Tokyo were held to mark the moment the 9.0 magnitude quake struck at 2.46pm (0546 GMT), unleashing the deadly wave.
In the official commemoration in the capital, Japan's solemn national anthem rang out before the emperor and senior politicians stood in silent memory of those who died in the country's worst post-war disaster.
Around the nation smaller-scale ceremonies were held, many in the battered remains of tsunami-hit towns where tearful people remembered friends and relatives killed by the powerful waves of last March.
Akihito and Prime Minister Yoshihiko Noda were joined by around 1,200 people at the national theatre in Tokyo.
A single pillar symbolising the souls of those who died stood in the middle of the stage, decorated with white chrysanthemums and lilies.
The emperor, who three weeks ago underwent heart bypass surgery, said Japan would "never forget" the tragedy and spoke of the importance of "kizuna", or human bonds, in the wake of the disaster.
"Many difficulties lie ahead in the reconstruction of the disaster-affected areas," he said.
"I hope that each and every member of the public will join their hearts with the people affected by the disasters, and continue to help them to improve their lives."
In hard-hit Ishinomaki, tsunami sirens wailed to mark the moment the huge quake hit, sending towering waves into the city where they claimed the lives of nearly 4,000 people.
Residents had been warned on Saturday that the sirens would be sounded.
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