FM-led panel to take call on fuel price deregulation
Government apprises MPs from Naxal areas on development schemes!Two CRPF jawans among four held for supplying arms to Naxals!
राजकोषीय घाटे में पिछले तकरीबन दो दशकों में सबसे बड़ी कटौती करने वाले वित्त मंत्री प्रणव मुखर्जी के बजट प्रस्ताव हाउसिंग सेक्टर, विमान यात्रा, कॉफी के किसानों और हेल्थकेयर सेक्टर के लिए कुछ रियायतों के एलान के साथ गुरुवार को पारित हो गए। सरकारी खजाने पर बोझ घटाने के लिए पेट्रोलियम उत्पादों पर शुल्क बढ़ाने के अपने रुख पर सरकार अड़ी रही जबकि विपक्षी दलों ने कहा था कि इन शुल्कों से महंगाई को और हवा मिलेगी।Indian Holocaust My Father`s Life and Time - THREE HUNDRED Fifty Eight
Palash Biswas
http://indianholocaustmyfatherslifeandtime.blogspot.com/
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FM offers fresh sops for realty, planters, air travel, healthcare! Inflation and Price Rise, specifically Petro Prices for which the Bell Tolled in the Parliamntary Nataunkee followed by IPL Sexy Scandal and Madhuri Gate, REMAIN Unaddressed. Masses have NO Relief at all and economic Ethnic Cleansing Continues!
REALTY Pregnant Multi Millionaire's`Parliamentary Budget Session Delivers Realty Sops as the Zionist Brahmin FM Remains Determined to Kill the Majority Masses and the Aboriginal Rural India Real!Holding firm on not rolling back the hike in prices of petrol and diesel, Union Finance Minister Pranab Mukherjee on Thursday announced a debt relief package for coffee growers and marginal changes in tax proposals to benefit sectors such as construction and encourage the setting up of new hospitals.Alongside, however, he rejected the demand for waiving the service tax on air travel saying that the levy on domestic travellers would only be Rs. 100 per ticket, while international travel would attract a maximum tax of Rs. 500.FM-led panel to take call on fuel price deregulation!
Two CRPF jawans among four held for 'supplying' arms to Naxals!
Government apprises MPs from Naxal areas on development schemes!
India, Japan set up JWG on civil-nuclear cooperation!
In a landmark development, India and Japan today agreed to work towards a civil nuclear treaty with the establishment of a Joint Working Group (JWG) on civil nuclear cooperation. The decision was taken during a meeting between the Deputy Chairman of the Planning Commission of India, Montek Singh Ahluwalia, and Japan's Minister of Economy, Trade and Industry, Masayuki Naoshima during the fourth ministerial-level meeting of the India-Japan Energy Dialogue, in New Delhi.An increase in petrol and diesel prices is almost a certainty soon after the Budget session of Parliament, with PM Manmohan Singh setting up an empowered ministerial panel under finance minister Pranab Mukherjee to decide on deregulation of motor fuel pricing.
The quantum of increase will depend on whether the panel decides to deregulate pricing fully in line with the recommendations of three successive committees or simply revise pump prices upwards to keep state-run oil retailers in business.
The committee under former Planning Commission member Kirit Parikh is the latest to suggest freeing of petrol prices.
If the pricing regime is deregulated, petrol will become costlier by Rs 6.68 a litre at one go in Delhi and diesel Rs 5.81. The final street price will be higher due to incremental increase in local taxes. But if deregulation is in phases or the government decides to simply revise prices, the increase may be pared to Rs 3-4 a litre for petrol and Rs 2-3 for diesel.
The arithmetic of mounting losses of state-run oil marketing companies and Mukherjee's refusal to keep flow of dole indefinitely has left little choice but to pass on at least some of the burden to consumers.
Besides, as predicted by the government, food prices too have started showing signs of declining on arrival of the winter crop in the market. The headline inflation too is expected to start cooling off after June, which will give room to absorb much of the cascading effect of an increase in diesel price.
Finance Minister Pranab Mukherjee's budget proposals with the biggest deficit reduction in nearly two decades were passed on Thursday, barring token concessions to housing, airtravel, planters and healthcare.
The government stuck to its stance on raising duties on petroleum products to reduce the strain on the exchequer, which the opposition parties termed inflationary. The concessions will shave off Rs 400 crore from the government's estimated revenue.
"Instead of duties, I could have taken the administered price mechanism route, but I did not do so, because, to me, it would not have been correct," Mukherjee said in his reply to the debate on the Finance Bill in the Lok Sabha.
Mukherjee, who is back to managing the finances of the nation after a quarter of a century, is treading with caution to build the revenues of the government by slowly rolling back the tax concessions and bringing in more services under the tax net.
Containing inflation is also on top of his agenda. Fiscal deficit is estimated to fall to 5.5% of the gross domestic product. The economy may grow 8.5% this fiscal and more than 9% next year.
The concessions will reduce the incidence of service tax on housing and air travel, incentivise construction of big hospitals, keep cancer and anti-AIDs drugs cheap and provide relief to debt-ridden coffee growers. But that did not satisfy the opposition parties which walked out of the house.
Mukherjee defended the decision saying that it would also benefit the states, some of which are ruled by opposition parties. States would get a 32% share of higher duties which may be Rs 26,000 crore. But these actions alone may not be enough to keep interest rate and inflation stable as it is poised to borrow Rs 3.81 lakh crore for the year.
"Notwithstanding lower budgeted government borrowings in 2010-11 than in the year before, fresh issuance of securities will be 36.3%, higher than in the previous year," Reserve Bank of India governor D Subbarao said on April 20. This presents a dilemma," for the central bank.
However,Food inflation cooled off by over one percentage point to a month's low of 16.61% in the week ended April 17 as pressure on prices declined with the arrival of rabi (winter) crops in the markets but analysts said price pressure will remain till June, with the effect of food inflation spreading to manufactured items. But government officials said food prices will decline further as the projection of a normal monsoon will calm speculative activities in the commodities markets.
In a stout defence of his tax proposals in his reply to discussions on the Finance Bill 2010 in the Lok Sabha, Mr. Mukherjee pointed out that while the fresh concessions would mean a revenue loss of about Rs. 300-400 crore during the fiscal, a rollback in the prices of petroleum products and fertilizer was not affordable in view of the economic compulsions.
Following this, the entire Opposition walked out in stages, starting with the BJP, and the House later passed the Bill by voice vote after including the relevant official amendments.
Seeking the cooperation of all parties in containing food inflation and sustaining the growth momentum, Mr. Mukherjee sought to explain why he could not concede to the Opposition's demand for a roll-back in prices. The financial position of the exchequer, he said, was such that apart from the huge outgo on account of food and fertilizer subsidies, interest payments and other liabilities, the oil marketing companies (OMCs) would be faced with an under-recovery of Rs. 85,000 crore during the year.
"Any additional burden at this juncture could indulge in financial profligacy that I cannot afford to do...oil price is so volatile...when will it go up...nobody knows," Mr. Mukherjee told newspersons later.
In keeping with the government's programme of improving healthcare facilities, Mr. Mukherjee said construction of hospitals with at least 100 beds in any part of the country would qualify for tax concessions based on their investment.
He also restored the customs duty concessions for 'ostomy' appliances which are used to treat cancer patients while reducing the basic customs duty on 11 drugs to five per cent. Likewise, to render tax relief to the construction sector, Mr. Mukherjee announced that by providing higher abatement, the newly imposed service tax would be levied only on 25 per cent of the total value of the property, including land, instead of on 33 per cent, as was proposed in the budget.
For the benefit of the urban poor, the Finance Minister also waived the service tax on low-cost housing under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) and the Rajiv Gandhi Awas Yojna.
With the passage of the Bill by the Lok Sabha, the three-stage budgetary process stands completed.
Over the week, inflation declined from 17.65% as prices of masur, jowar, fruits and vegetables dropped around 2% and that of wheat by 1%. However, moong, urad and fish-inland became costlier. Pulses, however, remained expensive by about 30%, milk by 22% and fruits by about 10% over the last year.
''The outlook is further brightened by the fact that a normal monsoon is predicted this year... Indications of softening of food inflation are clearly visible... It is expected that this decline will continue in the coming months uninterruptedly,'' finance minister Pranab Mukherjee had said on Wednesday.
Though food prices have started easing, overall inflation is on the rise, with it spreading to non-food segments.
The wholesale price-based inflation in March was 9.9%, much higher than RBI's projection of 8.5% by March-end. On an annual basis, potatoes saw a significant fall of 28% in prices on glut in supplies in various parts of the country and onions became cheaper by 10%. To contain inflation, RBI had raised its key short-term lending and borrowing rates.
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Indian ExpressHouse approves Finance Bill
Business Standard - 20 hours agoFinance Minister Pranab Mukherjee today announced several tax exemptions and sops before putting the Finance Bill, 2010, to vote in the Lok Sabha. ...Lok Sabha passes Finance Bill with no change in fuel levies - Times of India
The Mint Report for 29 April 2010 - Livemint
Finance Bill passed, new sops announced - NDTV.com
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all 259 news articles »Market seen heading north on positive global cues
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Deccan HeraldLS passes Finance Bill, Mukherjee announces additional reliefs
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BloombergUTV - 3 hours agoThe Lok Sabha on Thursday passed the Finance Bill 2010 with some minor changes ... India VIX is a measure of the market's expectation of volatility over the ...Market pares gains in late trade - BloombergUTV
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Two CRPF jawans among four held for 'supplying' arms to Naxals
The Uttar Pradesh STF today arrested four people including two CRPF jawans in the state for allegedly stealing arms and ammunitions and supplying the same to the Naxals.UP police said the arrests were made following an operation based on a tip off received in the aftermath of the Dantewada massacre, in which 76 security personnel were killed by the Naxals.
Official sources said the STF carried out searches in Moradabad, Rampur and Jhansi and arrested Vinod Paswan and Dinesh Singh of the CRPF.
They said one retired sub-inspector of Provincial Armed Constabulary, identified as Yashodhanad Singh, was seen moving in different armory centres of the CRPF and PAC and collecting empty shells of bullets fired during the training.
These shells were later replaced at the main Rampur armoury with live bullets and finally supplied to Naxals, sources said.
Over 5,000 live cartridges, 16 magazines of INSAS rifles, .25 bore guns, SLR and AK 47s were recovered besides 245 kg of empty shells.
The CRPF, meanwhile, has suspended both its personnel arrested by the STF and ordered an immediate Court of Enquiry.
"We have suspended both the personnel and have also ordered an immediate Court of Enquiry. We are in constant touch with the UP police and are extending all help to them," CRPF Director General Vikram Srivastava said.
Later, addressing the media, Additional Director General of UP police Brij Lal said, "We have also recovered large number of arms components, mobile phones and Rs 1.76 lakh in cash."
He said the network of the racket was large and has been running for more than six months and the police is questioning the four to look at the possibility of involvement of more persons.
Government apprises MPs from Naxal areas on development schemes
Government on Friday apprised MPs belonging to 33 worst Naxal-affected districts about its strategy, especially development schemes, and sought their cooperation in the task to deal with the Maoists.Home Minister P Chidambaram and other top officials briefed the MPs about the gravity of the Maoist problem and steps being taken by government to deal with the menace.
"Planning Commission had given a presentation to the MPs about development schemes. Focus is entirely on flagship programmes of Government of India as implemented in the districts," Union home secretary, Gopal K Pillai, told reporters after the nearly two-hour long meeting.
Some of the 20 participating Parliamentarians also spoke about the problems in their respective areas and offered their help in implementing development schemes.
"The MPs spoke about their perspective on the issue and what role they could play in ensuring the better monitoring of various programmes," Pillai said.
A similar exercise will take place in the second half of May because the meeting could not cover all constituencies and districts.
During the presentation, government drew attention of the MPs to anti-development activities of Naxalites as they have been destroying school buildings, roads and telephone towers among others.
Of the 33 districts, 10 are in Jharkhand, seven in Chhattisgarh, six in Bihar, five in Orissa, two in Maharashtra, one each in Andhra Pradesh, Uttar Pradesh and Madhya Pradesh.
All these districts are underdeveloped and authorities believe that economic backwardness may drive many local people of these regions to join the Maoist ranks, the official said.
JD(U) MP from Jahanabad (Bihar) Jagdish Sharma said he asked the government to take people into confidence while carrying out about development schemes.
"Government must take urgent steps for eradication of poverty, improvement of road connectivity, irrigation projects, PDS schemes etc. to get support of the common people," he said.
BJD MP from Dhenkanal (Orissa) Tathagata Satapathy said government must ensure that the development schemes are implemented with utmost sincerity.
Independent MP from Chatra (Jharkhand) Inder Singh Namdhari favoured more such meetings for better cooperation and proper implementation of the schemes.
The meeting was held in the wake of the killing of 76 security personnel by the Maoists in Chhattisgarh on April 6.
Government has taken these 33 districts as focus districts to root out the menace from there and subsequently carry out developmental activities.
Lalu, Mulayam want caste-based census
RJD chief Lalu Prasad and SP supremo Mulayam Singh Yadav today took exception to the way the national census was being carried out and demanded that it be held on the basis of caste to bring out the number of people belonging backward classes. Raising the issue in the Lok Sabha during Zero Hour, Prasad said there was a "huge conspiracy" behind the way the current national census was being carried out.Supported by Yadav, the RJD leader said the census should be carried out like the one in 1931 when information was collected on the basis of caste and the population of the backwards had become known. Leader of the Opposition Sushma Swaraj sought a discussion on the census in the House which was agreed to by Speaker Meira Kumar.
A host of other issues including plight of potato growers and corruption in the Union Home Ministry besides demand for more money from the PM''s relief fund for the sick were raised. Reoti Raman Singh (SP) expressed himself strongly against limiting the quota of MPs for giving relief from the PM relief fund to the needy people suffering from serious illnesses like cancer and heart.
He was supported by several members and Minister of state for Parliamentary Affairs V Narayanasamy assured the House that the matter would be brought to the attention of the Prime Minister. Rajnath Singh (BJP) drew the government''s attention to the plight of potato growers in the country.
He spoke of attempts by some farmers in West Bengal to commit suicide as the prices of their produce crashed. He wanted the Government to do away with the forward trading in potato, onions and tomato and steps to help the potato growers.
Shailendra Kumar (SP) asked the government to ensure proper investigation into the alleged corruption in the Union Home Ministry during the purchase of bulletproof jackets. Jagdambika Pal (Cong) narrated the plight of cane-growers in Uttar Pradesh following the failure of sugar mills to give arrears totalling Rs 1,111 crore.
Amid protests from BSP members, he wanted the state government to immediately intervene in the matter.
Supreme Court gets new chief justice, woman judge
The Supreme Court of India Friday got a new chief justice, Sarosh Homi Kapadia, and its only woman judge, Gyan Sudha Misra.The law and justice ministry said that Justice Kapadia will take over May 12 from Chief Justice K.G. Balakrishnan, the first Dalit to occupy the post.
Kapadia was born Sep 29, 1947, only months after India became independent. He enrolled as an advocate in September 1974 and practised at the Bombay High Court.
He was appointed additional judge of the high court Oct 8, 1991, and was elevated as a permanent judge March 23, 1993.
Kapadia became the chief justice of the Uttarakhand High Court Aug 5, 2003 and moved to the Supreme Court bench Dec 18, 2003.
According to the Supreme Court website, he is due to retire Sep 29, 2012.
Also Friday, the Supreme Court got three new judges, with Jharkhand High Court Chief Justice Gyan Sudha Misra becoming the first woman judge since Justice Ruma Pal retired in June 2006.
The others who were elevated to the apex court were Madras High Court Chief Justice Hemant Laxman Gokhale and Bombay High Court Chief Justice Anil Ramesh Dave.
They will be the judges of the Supreme Court with effect from the dates they assume charge of their offices.
Justice Mishra told reporters that she was happy with the new post and described herself as a representative of Indian women.
Justice Fathima Beevi was sworn-in as the first woman judge of the Supreme Court Oct 10, 1989. She retired April 29, 1992.
Justice Sujata Manohar became the second woman Supreme Court judge Nov 8, 1994, retiring Aug 27, 1999.
Justice Ruma Pal held the post from Jan 28, 2000 till June 6, 2006.
Madhuri Gupta, the IFS officer held for allegedly spying for Pakistan, is said to have told her interrogators that she passed on information to the Pakistani ISI "willingly and without any financial benefit" to "teach a lesson" to Ministry of External Affairs and its "arrogant" Indian Foreign Service officers.
"What took you so long to get me?" is what Gupta told Indian security agencies after her arrest.
She named two handlers Mubashir Rana and Jamshed who she claims were introduced to her by a Pak journalist in 2008 but their names haven't been verified.
While Gupta's motivations are not clear, sources said, there's evidence to suggest that the 53-year-old Second Secretary working with the Indian High Commission in Islamabad was "disgruntled" with her job. And it was after she criticised her working conditions in public that Gupta was approached by the ISI, sources said.
They said she has admitted she was sending daily reports to her handlers whom she met frequently in a safehouse in Islamabad but has denied any "personal or financial relationship" with her handlers.
While the damage done by her is still being ascertained, the government is worried over how her case has been handled by security agencies here. For, in a major faux pas, authorities exposed R K Sharma, Press Counsellor and senior officer of India's external intelligence agency, Research and Analysis Wing (RAW), in Pakistan, while sharing information with the media on Wednesday. Senior officials admit the revelation has caused a major embarrassment.
It has made the continuance of that officer in Pakistan untenable and with his identity exposed, he is no longer in a position to carry out his job. In fact, the revelation has jeopardised his chances of any similar assignment ever. Sources said a decision on him was likely as soon as the top MEA brass returns from Bhutan where the SAARC conference is currently underway.
Questions are also being raised over the timing of the disclosure about Madhuri Gupta's espionage activities, coming as it did just a day before the Prime Ministers of the two countries were to meet in Bhutan on the sidelines of the SAARC summit. Gupta had already been under detention for five days before the news broke out and sources said the investigators probably chose a wrong time to let the information become public.
Sources said it was unlikely that she had passed on anything very damning to her Pakistani handlers. They pointed out that she had been charged only under the Official Secrets Act and not the National Security Act or booked for sedition.
Gupta accused a senior IFS officer of having mistreated her during her posting in Baghdad and blamed the MEA for not giving her study leave with pay. A "high-strung personality" with deep resentment towards IFS officers, Gupta said she interacted well with Sharma but there's no evidence to show if she blew the cover of other Indian operatives.
Gupta told her interrogators that her handlers had created a special e-mail ID for her through which she used to send reports about the daily happenings in the High Commission. One of the emails Gupta used included madsmiles@gmail.com. Sources believe that it appears, as of now, that Gupta was a "one-woman" operation without any accomplice. But investigators are also probing certain officials in the Indian High Commission who were privy to certain information, which Gupta got access to.
Gupta was also reportedly using two mobile phones and the police are analysing call details of both. She was in touch with her friends in India and other places where she has worked via Facebook. The Facebook account in her name shows her as a fan of several pages including CNN International, "I need more sleep" and "Gol gappe."
वित्त विधेयक पास, सौगातों की बहार
कॉफी के शौकीनों की मौज!
कई क्षेत्रों को मिली राहत
विपक्षी गर्मी में बरसी राहत
सरकार ने खोला रियायतों का पिटारा
लोकसभा में फाइनैंस बिल पास, छोटी-छोटी रियायतें
उड़ानें सस्ती हुई
आवास, अस्पताल क्षेत्र को और राहत
The Lok Sabha today passed the Finance Bill 2010, which will give effect to the proposals in the General Budget for 2010-11, after Finance Minister Pranab Mukherjee announced a debt relief package for coffee growers and some additional reliefs and concessions in direct and indirect taxes.
Replying to the debate on the Bill in the House, Mr Mukherjee said the reliefs were based on the discussions and representations received after the introduction of the Bill.
He said the emphasis in the Bill had been on relief to individual taxpayers, encouraging research and development in the country, providing some relief measures in view of the recessionary impact and rationalization of procedure and steps to mitigate compliance cost.
Mr Mukherjee said that new hospitals anywhere in India, with at least 100 beds for patients, would be included as a "specific business" for availing the benefit of investment-linked deduction.
Currently, hospitals of more than 100-bed capacity, constructed in any area other than the "excluded area" are eligible for claiming 100 per cent deduction under section 80-IB (11C) of the Income Tax Act. Today's announcement takes into account the pressing need for more hospitals all over the country.
Similarly, the business of developing and building a housing project under a scheme for slum redevelopment or rehabilitation framed by the Central Government or a State Government will also included as a "specified business" for availing of the benefit of investment-linked deduction.
Mr Mukherjee said that, in consequence of the decision to allow tax-neutrality for conversion of a company in to Limited Liability partnership (LLP), the transfer of shares by the shareholders of the company in respect of such a conversion would be exempted from taxation.
He clarified that the effective rates of levy of service tax imposed in the Budget proposals on international and domestic air passengers would be a maximum of Rs 100 per travel for domestic journey in any class and a maximum of Rs 500 per travel for internatioal journey by economy class. Further, domestic air travel to and from the North-Eastern sector would be exempt from this tax, he said.
He provided relief to the construction sector in the matter of service tax by enhancing their rate of abatement from 67% to 75% of the gross value where such value includes the value of the land constructed upon. Certain procedural bottlenecks relating to the completion certificate prescribed in the law would also be simplified, he said.
He said constructions under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) and Rajiv Awas Yojana would be exempted from service tax in order to give a thrust to low-cost housing schemes for the urban poor.
Mr Mukherjee accepted a suggestion that the present service tax exemption available to the vocational training institutes affiliated to the National Council for Vocational Training and offering courses in designated trades should also be extended to "Modular Employment Skill Development courses" provided by the training institutes registered under 'Skill Development Initiative Scheme' of the Ministry of Labour.
"As this initiative intends to generate employment to the rural and urban poor, school dropouts and semi-skilled labourers, I propose to accept this suggestion and exempt such courses with immediate effect. The notification to this respect is being issued today," he said.
In the area of indirect taxes, Mr Mukherjee reduced the the excise duty on hand-rolled cheroots priced upto Rs.3 per stick to 10% ad valorem. Similarly, the additional excise duty on this product shall now be 1.6% ad valorem.
The full exemption from excise duty provided to betel nut product "supari" has now been extended to scented supari also, he said.
The reduction in central excise duty from 8 % to 4 % on corrugated boxes and cartons manufactured starting from kraft paper has been extended to cover units that manufacture such cartons from corrugated paper or paperboard also.
The excise duty on wate paper has been reduced to 4 % to rectify certain anamolies.
The excise exemption for small scale units is not available to goods that bear the brand name of another person, but a relaxation of this condition is available in respect of specified packing materials which are normally not sold under the brand name that they bear. In order to resolve disputes about the coverage of this relaxation, Mr Mukherjee has now extended it to all types of packing material.
Automobile components have been subjected to excise duty on the basis of their retail sale price. In order to resolve disputes about the coverage of this provision, it was amended so as to make it applicable to parts, components and assemblies of vehicles of Chapter 87 of the Excise Tariff. Since these components are also used for earthmoving machinery like loaders, excavators and so on, the Finance Minister has now decided to apply this provision to the parts, components and assemblies of such machinery as well.
The exemption from customs duty provided to tunnel boring machines for hydroelectric projects has been extended to parts and components of these machines because, owing to their huge size, they cannot be imported in a single consignment.
Concession on customs duty provided to medical equipment has been extended to Ostomy appliances, which has mainly used by cancer patients.
Mr Mukherjee reduced the basic customs duty on 11 specified drugs, including two anti-cancer and one for the treatment of AIDS, to 5%. These drugs are also being exempted from countervailing duty (CVD) by way of excise duty exemption.
Optical Disc Drives (ODD) are ITA-bound and thus permissible for import without payment of duty. Mr Mukherjee said he had decided to fully exempt specified parts or components required for the manufacture of ODD from basic customs duty.
Cigarette filter rods are manufactured from acetate rayon tow. While full CVD of 10% and special CVD of 4% is applicable to tow, the excise duty on filter rods is 10% creating an inversion in duty. Mr Mukherjee has now fully exempted acetate rayon tow from special CVD of 4%.
Flax fibre and yarn are not produced in India in significant quantities. The Minister has fully exempted them from basic customs duty in order to encourage domestic value addition.
The Government had imposed export duty at the statutory rate of Rs.2500 per metric tonne (PMT) on raw cotton with effect from April 9 this year to contain the spiraling prices by disincentivizing exports. The Government has now decided to enhance the statutory rate for this item to Rs.10,000 PMT while maintaining the effective rate at the current level. For this purpose, an official amendment to the Finance Bill, 2010 is being moved, he said.
In December, 2009 the export duty on iron ore lumps was enhanced from 5% to 10% and on fines from nil to 5%. Keeping in view the trend in the quantum of exports and domestic and international prices, the duty on iron ore lumps has been increased further to 15%.
In response to representations from the domestic producers of stainless steel, the Minister reduced basic customs duty on stainless steel melting scrap from 5% to 2.5%.
The Finance Minister also announced the Coffee Debt Relief Package 2010, specifically for small growers.
He noted that coffee growers in the country had been facing long-standing financial problems ever since the coffee prices fell to very low levels during the period 2000-2004.
Relief packages in the form of Special Coffee Term Loan 2002 and Special Coffee Relief Package 2005 were sanctioned to revive the coffee sector, besides other initiatives like the Prime Minister's Relief Package for Debt Stressed Farmers and Debt Waiver and Debt Relief Scheme 2008. However, a large number of affected growers did not get the required relief, he said.
Mr Mukherjee said that, as per the new package, for pre-2002 loans, 50 per cent of the total liability shall be waived subject to a maximum benefit of Rs.5 lakh per farmer to be borne by Government of India.
An additional 25 per cent shall be waived by banks and the balance shall be rescheduled.
The package also envisages 20 per cent waiver of liability under crop loans with 10 per cent each being borne by the Government of India and banks respectively, subject to a maximum benefit of Rs.1 lakh.
For post-2002 term loans, 10 per cent of the total liability shall be waived subject to a maximum benefit of Rs.1 lakh. The package shall also provide relief to medium and large farmers who shall be permitted to reschedule the loans.
The total financial implication for the Government is Rs.241.33 crore while benefit to coffee growers will be around Rs.362.82 crore, Mr Mukherjee added.
T20 Cricket is open to corruption
London: Only 10 months after Pakistan captain Younus Khan held the Twenty20 World Cup aloft at Lord's, a third edition of the global tournament opens in the West Indies on Friday.
The rapid growth of Twenty20 cricket has fuelled fears that the game is open to corruption akin to the match-fixing scandal which rocked the summer game of the British Commonwealth at the end of the 1990s.
WHAT ARE THESE FEARS?
Because of its all-action nature, with wickets tumbling and runs scored at breakneck speed, Twenty20 cricket is particularly susceptible to "spot-fixing" in which matches are not necessarily fixed but individual events within the game are.
Tim May, the chief executive of the international players' union FICA, is one of several influential figures in the game who believes that the number of Twenty20 matches now being played could tempt players to take money from bookmakers in return for spot-fixing.
HOW DOES SPOT-FIXING WORK?
Spot-fixing involves a player agreeing to under-perform. For example, a bowler might deliberately bowl consecutive wides in his second over or a batsman could make sure he does not reach double figures. So much happens so quickly in a Twenty20 match that individual performances can soon be forgotten or dismissed as inconsequential.
WHO BENEFITS?
Betting on cricket matches televised in India is a hugely lucrative business. Fortunes can be made if a gambler knows in advance what a particular bowler or batsman is going to do. Bets are placed on every delivery in a 50- or 20-overs match.
Only betting on horse racing at trackside is allowed in India but in practice around half of a market worth billions of dollars is estimated to be illegal betting, mostly on cricket.
WHAT EVIDENCE IS THERE OF SPOT-FIXING?
Rumours have abounded since the advent of the Indian Premier League (IPL) two years ago although nobody has ever been charged. During last year's Ashes tour of England an Australian player reported that he had been approached by a suspected illegal bookmaker in the team's London hotel.
Former England captain Michael Atherton, who is now the cricket correspondent for The Times, said in his column on Thursday that one leading former international had told him "categorically" that spot-fixing was a regular occurrence.
WHAT WAS THE MATCH-FIXING SCANDAL?
Three international captains Hansie Cronje (South Africa), Salim Malik (Pakistan) and Mohammed Azharuddin (India) were banned for life in 2000 for helping to influence the results of matches.
Match-fixing had become established in one-day cricket in the 1990s and suspicion centred, in particular, on the one-day tournaments staged at Sharjah in the United Arab Emirates.
As a result of its investigations the International Cricket Council (ICC) founded its Anti-Corruption and Security Unit (ACSU) to monitor all international matches. The ACSU monitored the IPL tournament in India this year but not the second in South Africa last year because the Indian board thought the fee charged by the ICC was too high.
Source: Reuters
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Food inflation eases to 16.61 %
NEW DELHI: With the arrival of rabi crops in the markets and expectations of a normal monsoon, food inflation eased to 16.61 per cent for the week ended April 17 from 17.65 per cent in the previous week, raising hopes of some relief for the ...
'Singapore a preferred venue for corporate India's expansion'
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OBC clocks 27 % rise in net profit
Biocon profit zooms to Rs. 293 crore
Other Storieshttp://www.thehindu.com/2010/04/30/06hdline.htm
Pranab does a service to realty | ||||
OUR SPECIAL CORRESPONDENT | ||||
New Delhi, April 29: Home buyers could pay less for property following a partial rollback of a budget levy on realtors by finance minister Pranab Mukherjee today. Mukherjee said realtors would pay a 10 per cent service tax on 25 per cent of the value of the built property, including the cost of land, against the budget announcement of the 10 per cent tax on 33 per cent of the value of the property. "I propose to provide the tax relief to this (construction) sector by enhancing their rate of abatement from 67 per cent to 75 per cent of the gross value, where such value includes the value of the land constructed upon," Mukherjee said. A service tax of 10 per cent had been slapped on real estate complexes for the first time in this year's budget. The abatement (tax rebate) has been increased to 75 per cent from 67 per cent of the gross value of a property that includes land value. This means that on an apartment, which costs Rs 20 lakh, a buyer can get a service tax relief of Rs 16,000, or Rs 800 for every lakh paid. Buyers would earlier have ended up paying Rs 66,000 as service tax, but now they would pay Rs 50,000. Mukherjee said urban development minister Jaipal Reddy had urged him to scrap the levy. Reddy had written to the finance minister earlier this month seeking a review, arguing that the new tax will hit home buyers rather than dip into the pockets of realtors. The housing market, hit by a slowdown in the Indian economy that saw prices coming down by up to 30 per cent last year, is now reviving. However, realtors are not exactly celebrating the partial tax rollback. Kumar Gera, chairman of the Confederation of Real Estate Developers' Associations of India said, "The idea of service tax on real estate is unjust. When stamp duty is paid, why should the land value be added upon while calculating service tax. The land is not a service... construction could be." Navin Raheja of Raheja Developers said, "This (the tax) would have marginal impact in deciding home purchase. It is unfortunate that land value is being added upon to calculate the service tax." Mukherjee also exempted from service tax constructions under the Jawaharlal Nehru Urban Renewal Mission and Rajiv Awas Yojana. The finance minister, however, did not roll back the hikes in excise and customs duties on petrol and diesel. He said the government had to look at ways of meeting the Rs 85,000 crore expected revenue losses from selling fuels at low prices. The 2010-11 general budget had provided considerable relief to income tax payers but hiked the central excise duty on non-petroleum products across the board to 10 per cent from 8 per cent and the basic duty on crude and petroleum products, besides effecting a one-rupee increase per litre on petrol and diesel. The opposition NDA and the Left parties staged a walkout in protest against the government's decision not to roll back fuel duty hike before the Lok Sabha passed the Finance Bill 2010. The government has set up an empowered group of ministers (eGom) to decide on the Kirit Parikh panel recommendation of freeing petrol and diesel prices from government control, and a decision is likely soon after the Parliament session ends on May 7. The eGoM will be headed by Mukherjee and its decisions would not be required to be approved by the cabinet. Mukherjee also cut the basic customs duty on stainless steel to 2.5 per cent from 5 per cent and the excise duty on hand-rolled cigars to 10 per cent. He proposed investment-linked tax breaks for hospitals with at least 100-bed capacity. Export duty on iron ore lumps is now 15 per cent against 10 per cent earlier, while the surcharge on raw cotton exports has gone up. Duty on paper made from waste is now down to 4 per cent against 8 per cent earlier. The duty changes would cost the finance ministry Rs 400 crore, officials said. It's traditional for finance ministers to announce tax changes in reply to the debate on budget. This is done to address anomalies in taxes or on representation by industry or consumer bodies, which complain that high taxes would hurt them. Mukherjee also announced a Rs 241 crore relief package for coffee growers by way of waiving three-fourth of loans taken prior to 2002, especially by small farmers, while restructuring repayments for the rest. On the corporate front, Mukherjee announced tax exemption on the transfer of shares by shareholders in case a company converts itself to the limited liability partnership structure, the new kind of business entity introduced a year ago. In education, the minister extended service tax exemption to vocational courses provided by the training institutes registered under the skill development scheme of the labour ministry.
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Oil marketing companies trading firm on setup of EGoM panel
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The Empowered Group of Minister on freeing retail petroleum prices has been set up, reports CNBC-TV18. The panel will be headed by Finance Minister Pranab Mukherjee. The EGoM's decision on freeing up of retail petroleum prices is expected in few weeks. Oil marketing companies like HPCL, BPCL and IOC were trading firm post announcement.
HPCL has touched an intraday high of Rs 310.00 and an intraday low of Rs 296.80. At 11:31 hrs the share was quoting at Rs 305.00, up Rs 9.10, or 3.08%.
It was trading with volumes of 84,957 shares, compared to its 5-day and 30-day average of 69,268 and 171,432 shares respectively. Yesterday the share closed down 2.07% or Rs 6.25 at Rs 295.90.
The company touched its 52 week high Rs 425.00 and 52 week low Rs 251.00 on 08 Sep, 2009 and 11 May, 2009, respectively. Currently, it is trading -28.24% below its 52-week high and 21.51% above its 52-week low. Market capitalisation stands at Rs 10,328.13 crore.
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FM offers fresh sops for realty, planters, air travel, healthcareEconomic Times - 14 hours ago NEW DELHI: Finance Minister Pranab Mukherjee's budget proposals with the biggest deficit reduction in nearly two decades were passed on Thursday, ... Indian finance minister gives tax relief to urban poorDaily Times - - 15 hours ago NEW DELHI: Indian Finance Minister Pranab Mukherjee on Thursday withdrew the service tax on the low cost housing schemes for urban poor ... FM doles out Rs 400 cr tax relief, but no rollback of fuel duty hikeIndian Express - 17 hours ago The government today announced additional relief packages for various sectors ranging from coffee to steel, that is likely to cost the exchequer up to Rs ...
Pranab announces a slew of tax concessionsThe Hindu - - 17 hours ago NEW DELHI: Holding firm on not rolling back the hike in prices of petrol and diesel, Union Finance Minister Pranab Mukherjee on Thursday announced a debt ... Pranab's tax breaks to make housing, air travel cheaperHindustan Times - 19 hours ago Your air travel may have got a tad cheaper. The house you were saving up to buy may not cost as much as you expected. Anti-cancer and anti-AIDS drugs, ... House approves Finance BillBusiness Standard - 19 hours ago Finance Minister Pranab Mukherjee today announced several tax exemptions and sops before putting the Finance Bill, 2010, to vote in the Lok Sabha. ... Pranab dismisses criticism of Budget not being pro-poorHindu Business Line - 19 hours ago The Finance Minister, Mr Pranab Mukherjee, today strongly refuted the criticism that the 2010-11 Budget was not pro-poor, saying it contained several ... Pranab hands out tax concessions to India IncHindu Business Line - 19 hours ago The Finance Minister, Mr Pranab Mukherjee, today made a number of amendments to the Finance Bill including raising the export duty on iron ore lumps and ... Finance Bill passed with some tax reliefLivemint - - 20 hours ago New Delhi: The Union Budget for 2010-11 was cleared on Thursday, with Parliament passing the Finance Bill after amendments to provide marginal direct and ... The Mint Report for 29 April 2010Livemint - 20 hours ago Lok Sabha passes finance Bill; SJVNL IPO opens the year's disinvestments with a whimper; markets pick up after Wednesday's carnage. ... | Timeline of articles Number of sources covering this story
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India's Lower House Approves Mukherjee's Budget PlanBusinessWeek - - Apr 29, 2010 ... Finance Minister Pranab Mukherjee's plan to raise taxes on fuel and manufactured products, enabling the biggest budget- deficit cut in 19 years. ... Food inflation to decline in coming months: MukherjeeOneindia - Apr 29, 2010 New Delhi, Apr 29 (ANI): Finance Minister Pranab Mukherjee has said that despite the country being worried about high inflation, there are indications of a ... Pranab announces a slew of tax concessionsThe Hindu - - 17 hours ago NEW DELHI: Holding firm on not rolling back the hike in prices of petrol and diesel, Union Finance Minister Pranab Mukherjee on Thursday announced a debt ... Pranab dismisses criticism of Budget not being pro-poorHindu Business Line - 19 hours ago The Finance Minister, Mr Pranab Mukherjee, today strongly refuted the criticism that the 2010-11 Budget was not pro-poor, saying it contained several ... FM offers fresh sops for realty, planters, air travel, healthcareEconomic Times - 14 hours ago NEW DELHI: Finance Minister Pranab Mukherjee's budget proposals with the biggest deficit reduction in nearly two decades were passed on Thursday, ... Pranab hands out tax concessions to India IncHindu Business Line - 19 hours ago The Finance Minister, Mr Pranab Mukherjee, today made a number of amendments to the Finance Bill including raising the export duty on iron ore lumps and ... Indian finance minister gives tax relief to urban poorDaily Times - - 15 hours ago NEW DELHI: Indian Finance Minister Pranab Mukherjee on Thursday withdrew the service tax on the low cost housing schemes for urban poor ... House approves Finance BillBusiness Standard - 19 hours ago Finance Minister Pranab Mukherjee today announced several tax exemptions and sops before putting the Finance Bill, 2010, to vote in the Lok Sabha. ... Finance Bill passed with some tax reliefLivemint - - 20 hours ago Finance minister Pranab Mukherjee, replying to the debate on the Bill, turned down demands from the Opposition to roll back indirect tax hikes for crude oil ... Pranab's tax breaks to make housing, air travel cheaperHindustan Times - 19 hours ago Finance minister Pranab Mukherjee on Thursday anno-unced a host of fiscal measures offering tax breaks for houses for urban poor, slum redevelopment, ... India can't bear worsening of budget gap: FMEconomic Times - 22 hours ago NEW DELHI: India cannot bear fiscal deficits and resulting market borrowing beyond current levels, Finance Minister Pranab Mukherjee said on Thursday. ... FM doles out Rs 400 cr tax relief, but no rollback of fuel duty hikeIndian Express - 17 hours ago Giving a major thrust to the realty sector, finance minister Pranab Mukherjee announced a hike in abatement provided from 67 per cent to 75 per cent, ... India Cuts Service Tax on Housing ConstructionWall Street Journal - - Apr 29, 2010 NEW DELHI -- India's Finance Minister Pranab Mukherjee Thursday offered to reduce service taxes on the ... Lok Sabha passes Finance Bill with no change in fuel leviesTimes of India - Apr 29, 2010 Finance Minister Pranab Mukherjee moved the bill after the fresh amendments after a 50-minute final reply to the debate on the subject in the lower house of ... Construction sector gets tax concessionNDTV.com - Apr 29, 2010 PTI, 29 April 2010 (New Delhi) In a relief to realty sector and home buyers, Finance Miniser Pranab Mukherjee on Thusday announced tax concessions to the ... Service tax on air travel not to impact adversely: FMNDTV.com - Apr 29, 2010 PTI, April 29, 2010 (New Delhi) Finance minister Pranab Mukherjee on Thursday said service tax on air travel will not have any adverse impact as it is not ... Inflation worrisome, but seen easing: Pranab MukherjeeMoneycontrol.com - Apr 28, 2010 India's worryingly high inflation should ease as there are indications of a cooling in high food prices that have been driving it, Finance Minister Pranab ... Government will curb inflation: MukherjeeSify - Apr 28, 2010 Finance Minister Pranab Mukherjee Wednesday assured parliament that every possible step would be taken to curb price rise and said inflation would ease as ... Finance Bill passed by ParliamentMoneycontrol.com - Apr 29, 2010 Finance Minister Pranab Mukherjee said he would like to go in for necessary fiscal correction. "The economy can take fiscal deficit only to an extent," he ... Finance Bill passed, new sops announcedNDTV.com - Apr 29, 2010 Replying to a debate on Finance Bill, 2010-11, Finance Minister Pranab Mukherjee said he had decided to lower excise duty on hand-made cheroots priced up to ... Finance minister unveils tax reliefsNDTV.com - Apr 29, 2010 A 50 per cent of total liability is subject to ceiling of Rs five lakh per farmer, said finance minister Pranab Mukherjee. State oil firms to lose Rs 85000 ... Pranab Offers Fresh Tax SopsRTT News - 5 hours ago (RTTNews) - In his reply to the debate on the finance bill 2010 in Lok Sabha, finance minister Pranab Mukherjee on Thursday announced a Rs.362.82-core debt ... The Mint Report for 29 April 2010Livemint - 20 hours ago And finance minister Pranab Mukherjee even threw in a Rs241 crore debt relief package for coffee growers. It's the worst opening day for a government IPO ... Pranab does a service to realtyCalcutta Telegraph - 16 hours ago New Delhi, April 29: Home buyers could pay less for property following a partial rollback of a budget levy on realtors by finance minister Pranab Mukherjee ... Food inflation to decline in coming months, economy to grow 8.5%: PranabEconomic Times - Apr 28, 2010 NEW DELHI: Finance Minister Pranab Mukherjee on Wednesday said inflation in essential items is likely to decline further and forecast of a normal monsoon ... Pranab announces slew of tax concessionsDeccan Herald - 18 hours ago Finance Minister Pranab Mukherjee on Thursday announced a slew of tax concessions, while rejecting the Opposition demand for rollback of duty hike on ... Finance Bill passed in Lok SabhaOneindia - Apr 29, 2010 Pranab Mukherjee announced fresh debt relief packages to the coffee growers. Besides this, the Finance Minister announced tax concessions for hospitals with ... Response to issues after passage of Bill, says PranabThe Hindu - Apr 28, 2010 ... and Leader of the Lok Sabha Pranab Mukherjee assured the House that the government would respond to the issues after the passage of the Finance Bill. ... Tax reliefs expected in Finance BillOneindia - Apr 29, 2010 The Finance Minister Pranab Mukherjee has indicated that he will be proposing some tax reliefs in line with the demands from Opposition parties. ... Cannot afford financial profligacy: Pranabmydigitalfc.com - - 19 hours ago Finance minister Pranab Mukherjee did not yield political ground and rejected the opposition demand for a rollback ... | |
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UIDAI in talks with RBI to expand banking services
The Unique Identification Authority of India and the Reserve Bank of India are in talks to explore linking the unique identity number with bank accounts to enable cashless transactions at outlets like 'kirana' stores.The Authority has proposed a UID-enabled Bank Account (UEBA) which will give customers access to their account through Business Correspondent (BC) operating a handheld microATM device.
Transactions on the UID-enabled bank account function essentially as a prepaid system, similar to that used by mobile operators.
"This enables local BCs such as self-help groups and kirana shops to offer basic banking services at low risk to the bank. The customers are already familiar with this model and comfortable with paying for talk-time, an electronic good," the Authority said.
Explaining the process, UIDAI said the BC starts out by depositing a certain amount with the banking institution.
This 'prepaid balance' paid up by the BC to the bank changes with every transaction the BC makes.
It decreases when a customer makes a deposit transaction, when some part of it is transferred to the customer's account, and increases when a customer withdraws money.
"When the customer is making a deposit, he pays physical cash to the BC, who subsequently makes an electronic transfer from the BC account to the customer account. When making a withdrawal, the electronic transfer is made from the customer account to the BC account, and the BC hands out physical cash to the customer," the Authority said.
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Underworld, betting lobby behind Bangalore blasts: Karnataka government Karnataka government said underworld elements and betting lobby were behind the April 17 twin low-intensity bomb explosions outside the Chinnaswamy cricket stadium before an IPL match. Modi was on the D hit list through IPL Hitmen had recced his home and office. Plot was to catch him in Mumbai, Bangalore or Delhi. Security beefed up after Jan intercept IPL probe trail leads to Swiss bank accounts One account in a Swiss bank has been found to have deposits of over $3 million. Tharoor has nothing to tweet home about Modi I Another agency may join IPL probe SFIO may be called to probe IPL franchisee operations The ministry of corporate affairs (MCA) is actively considering engaging its specialised arm, the Serious Fraud Investigation Office (SFIO), to probe into the internal operations of the IPL franchisees. Modi consults lawyer for framing answers to notice Lalit Modi decided to adopt a wait-and-watch policy while going through the process of answering the showcause notice given to him by BCCI accusing him of irregularities. My conscience is clear: Sharad Pawar The man in the eye of the IPL storm, Sharad Pawar, seemed unfazed by the controversy swirling around him. Balance-sheets of IPL franchisees in order so far: Govt Government said the Registrar of Companies has not found anything wrong with the balance-sheets of IPL franchisees and no company has given sweat equity to anyone. IPL Gate: Is Modi more sinned against than sinning? The biggest compliment Lalit Modi got is from the man he reduced from a king to a commoner in the Indian cricket board, Jagmohan Dalmiya. KKR gets RoC notice for not filing returns The Registrar of Companies (RoC) on Tuesday issued a show-cause notice to Kolkata Knight Riders (KKR) for inadequate regulatory filing, as it prepares to shoot off similar letters to some other franchisees. Service tax notices to DLF, Religare, Adidas for IPL-I In the midst of the current tax probe, authorities have issued notices to several sponsors of the first edition of IPL. List of team shareholders | Full coverage |
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Editorial Getting a region moving Saarc should be aptly empowered to facilitate regional cooperation. For a few indices moreIndia needs an leading indicators index to better gauge growth trends. ET is everywhereET isn't merely a pink newspaper on Earth, it's got universal presence. | |||
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http://economictimes.indiatimes.com/Opinion/opinionshome/897228639.cms |
India Ups Export Tax on Iron Ore
Govt raises export tax on iron ore to 15 pc
Export duty on iron ore raised again to 15 percent
Move to hike export tax on Indian iron ore fines fizzles out
India Raises Iron Ore Lumps Tariff
India's Ore Exports May Fall on Waning China Demand, Higher Tax
India`s iron ore export tax tweaks
India needs more predictable policy on iron ore export duty
Govt hikes export duty on iron ore lumps by 5%
Slight decrease in China's iron ore market
China purchase of US corn halts price slide
India raises export tax on iron ore lumps by 5 per cent, mining policy needed
Indian iron ore export prices retreating
Indian Govt Raises Export Duty On Iron Ore Lumps
India raises export duty on lump iron ore, fines unchanged
Chinese iron ore import prices stall; buyers await market clarity
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• Pre-marital sex no crime • Orissa beefs up calamity defence • India on US religion panel watch list • Stealth? 6000-tonne visibility • Left in fix to walk out or not • 'Spy' who drove 600km from Pak for friends • Asteroid ice sheds fresh light on Earth life • Scan on port waste • Extort slur on encounter officer • DU in radiation glare • US boost for Indian women • PC eye on phone tap • Maoists target census in Lalgarh • Finance bill sails through rivals' cracks • Penalty for silly PIL: Rs 5 lakh • Foreign varsity bill drive • Lalu sees Muslim vs OBC plot • 'Rebels' kill People's Committee supporters • Cops yet to crack library theft • Trinamul protests by chatting outside • Haldia Trinamul clog removed |
What a shame! Two CRPF men held for supplying arms to Maoists
Lucknow/New Delhi: The Uttar Pradesh STF today arrested four people including two CRPF jawans in the state for allegedly stealing arms and ammunitions and supplying the same to the Naxals.
UP police said the arrests were made following an operation based on a tip off received in the aftermath of the Dantewada massacre, in which 76 security personnel were killed by the Naxals.
Official sources said the STF carried out searches in Moradabad, Rampur and Jhansi and arrested Vinod Paswan and Dinesh Singh of the CRPF.
They said one retired sub-inspector of Provincial Armed Constabulary, identified as Yashodhanad Singh, was seen moving in different armory centres of the CRPF and PAC and collecting empty shells of bullets fired during the training.
These shells were later replaced at the main Rampur armoury with live bullets and finally supplied to Naxals, sources said.
Over 5,000 live cartridges, 16 magazines of INSAS rifles, .25 bore guns, SLR and AK 47s were recovered besides 245 kg of empty shells.
The CRPF, meanwhile, has suspended both its personnel arrested by the STF and ordered an immediate Court of Enquiry.
"We have suspended both the personnel and have also ordered an immediate Court of Enquiry. We are in constant touch with the UP police and are extending all help to them," CRPF Director General Vikram Srivastava said.
Later, addressing the media, Additional Director General of UP police Brij Lal said, "We have also recovered large number of arms components, mobile phones and Rs 1.76 lakh in cash."
He said the network of the racket was large and has been running for more than six months and the police is questioning the four to look at the possibility of involvement of more persons.
Source: PTI- India's long history of spies
Here is a list of top Indian officials accused of leaking sensitive information or falling into honey trap in the past few decades.
- Karachi project plans to unsettle India
The arrest of David Coleman Headley and his confessions to US intelligence authorities have pitch-forked Karachi Project to the fore.
- BrahMos, world's fastest
BrahMos, one of the best cruise missiles in the world has provided the Indian armed forces with a tactical advantage in military operations.
- Insight: On Naxalism in India
Though the Maoists are considered to be the `single largest internal security threat' in the country, very little is known about their organizational structure or the leaders who pull the curtains behind the scene.
- Top 10 security challenges
India shares borders with as many as seven countries - Pak, China, Bangladesh, Nepal, Bhutan, Myanmar and Lanka. So is India defence ready?
- Are Maoists moving down south?
Cornered by the security forces in the many parts of Central India, the CPI (Maoist) is trying to kickstart its movement in the southern parts of India.
- Seeking peace amidst terror turmoil
Violence, both externally driven and internal, has become a way of life in India. So much so, that each morning our eyes scan the newspaper for acts of terror.
- Pak's 'chacha' goes silent, HM furious
The Home Ministery is fuming mad over the way Maharashtra ATS Chief KP Raghuvanshi compromised the probe by revealing too many details on terror plots.
- Lords of Terror: Real life Mogambos
India continues to fight a bunch of real life Mogambos who have inflicted a thousand cuts on our social fabric.
- Indian Mujahideen realigning forces
Recently arrested Indian Mujahidheen (IM) activists gave an important intelligence input confirming the worst fears of the Indian security agencies.
- Heavyweight Shivalik can fire from close range and scoot
India added new fire power and muscle to its Navy when Defence Minister A K Antony formally launched INS 'Shivalik' -- the S-class Frigate -- at the Mazagon Dock on Thursday. The Shivalik is a multirole stealth ship incorporating advanced signature suppression and signature management features along with both air defence and anti-sub marine capabilities.
- Tackling Maoists, the buck stops at everyone
Tackling Maoists requires a multi-prong approach; look at counter-insurgency successes in Mizoram, Punjab and Andhra Pradesh. Unfortunately, officers who have never seen an actual 'operation' nor have any field experience are calling the shots in New Delhi.
- Slain cop's family want Kasab hanged
Mumbai: Assistant police sub-inspector Tukaram Ombale was hailed as a hero for holding death in tight embrace during 26/11 Mumbai terror attacks, but the honour bestowed on him is little solace to his family members who wants his killer Ajmal Kasab hanged.
- Explained: IFS and spy Madhuri's Group B
One reason being cited for Second Secretary Madhuri Gupta, posted in the Indian High Commission in Islamabad, leaking information to Pakistan is that she was disgruntled with her job and felt discriminated against being a Group B IFS officer.
India »
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झामुमो प्रस्ताव दे, तभी विचार : कांग्रेसदैनिक भास्कर - 23 मिनट पहले रांची। कांग्रेस अपनी ओर से सरकार बनाने की कोई पहल करने नहीं जा रही। जबतक झारखंड मुक्ति मोर्चा की ओर से कोई पहल नहीं होती कांग्रेस वेट एंड वाच की स्थिति में रहेगी। ये बातें कांग्रेस नेता प्रो. स्टीफन मरांडी, पूर्व केंद्रीय मंत्री रामेश्वर उरांव व पूर्व विधायक राधाकृष्ण किशोर ने प्रेस कांफ्रेंस में कहीं। नेताओं ने कहा कि कांग्रेस सरकार बनाने के लिए किसी भी तरह की हड़बड़ी में नहीं है। कांग्रेस नेताओं ने शिबू सोरेन की ओर ... फिर राष्ट्रपति शासन की ओर बढ़ता झारखंड नवभारत टाइम्स प्रभात खबर - हिन्दुस्तान दैनिक - Patrika.com - बीबीसी हिन्दी यह कहानी ईमेल करें दिल्ली यूनिवर्सिटी पर कसता शिकंजाबीबीसी हिन्दी - 1 घंटा पहले परमाणु ऊर्जा नियामक बोर्ड (एईआरबी) ने दिल्ली विश्वविद्यालय से ये स्पष्टीकरण मांगा है कि कैसे रेडियोधर्मी कचरा स्क्रैप के रुप में बेचा गया. विश्वविद्यलायल को जवाब देने के लिए दो हफ़्ते का समय दिया गया है. इसक साथ ही एईआरबी ने विश्वविद्यालय से कहा है कि वो फ़िलहाल रेडियोधर्मी प्रयोगों को रोक दे. इस बीच इस मामले में नया मोड़ तब ले लिया जब दिल्ली विश्वविद्यालय के एक प्रोफ़ेसर ने यह दावा किया कि 20 साल पहले विश्वविद्यालय ... डीयू में अब भी दबा है कोबाल्ट-60 दैनिक भास्कर दरगाह ब्लास्ट में गिरफ्तार अभियुक्त रिमांड परयाहू! भारत - 6 घंटे पहले अजमेर। सूफी संत ख्वाजा मोइनुद्दीन हसन चिश्ती की दरगाह में वर्ष 2007 में हुए बम ब्लास्ट मामले में गिरफ्तार किए गए अभियुक्त देवेन्द्र गुप्ता को शुक्रवार को बारह दिन के रिमांड पर एटीएस को सौंप दिया गया। एटीएस ने कड़ी सुरक्षा के बीच गुप्ता को अजमेर के मुख्य न्यायिक मजिस्ट्रेट सुधीर पारिक की अदालत में पेश किया। अदालत ने एटीएस के अनुरोध पर गुप्ता को बारह दिन के रिमांड पर भेज दिया। अदालत से रिमांड मिलने के बाद एटीएस पूछताछ के ... |
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Business News
Jaypee Infratech IPO subscribed 87 pc on Day 2
Mumbai, Apr 30 (PTI) The initial public offer of Jaypee Infratech was subscribed 87 per cent at the end of the second day of issue today.
- RIICO to develop affordable group housing scheme PTI - 08:06 PM
- US economy grew 3.2 percent in 2010 first quarter IANS - 08:01 PM
- ICRI ties up with Medical University of South Carolina PTI - 07:58 PM
- India May gold festival demand seen robust this yr Reuters - 07:48 PM
- Germany's Westerwelle sees banks joining in Greece aid Reuters - 07:48 PM
General
- nasair to add three new Indian destinations by AugustPTI - 07:25 PM
Mumbai, Apr 30 (PTI) Riyadh-based private airline, nasair, which recently commenced its Indian operations plans to add three new destinations by August this year, a top company official said.
- Honda recalls 167,255 Acura TSX cars in the U.S.Reuters - 06:40 PM
Honda Motor Co Ltd said it would recall 167,255 Acura TSX sedans sold in the U.S. market to address the risk that power steering fluid could leak and cause an under-the-hood fire.
- Setco Automotive Q4 net profit up two-foldPTI - 06:57 PM
New Delhi, Apr 30 (PTI) Auto components maker Setco Automotive today reported an over two-fold jump in net profit to Rs 7.23 crore for the quarter ended March 31.
- Audi appoints new heads for marketing, after-salesPTI - 06:52 PM
New Delhi, Apr 30 (PTI) In a top-level management rejig, German luxury carmaker Audi today said it has appointed Clemens Ollmert as Head of Marketing for its India operations, while roping in Gerhard Pretorius as the Head of After-Sales.
- Jet fuel rates raised by Rs 273 per klPTI - 06:45 PM
New Delhi, Apr 30 (PTI) State-owend oil retailers today raised jet fuel, or ATF prices, by Rs 273 per kilolitre, making it the fifth straight increase since March.
India
- Tech Mahindra Q4 net down 1.3 pct on interest costsReuters - 07:46 PM
Indian IT services firm Tech Mahindra Ltd on Friday reported a 1.3 percent fall in quarterly profit, weighed down by interest costs on borrowings to fund its acquisition of Satyam Computer Services.
- Uninor slashes rates; to charge 20-50 paise per minuteIANS - 07:44 PM
New Delhi, April 30 (IANS) Mobile services provider Uninor, a joint venture between India's Unitech and Norway's Telenor, Friday said it will charge customers as low as 20 paise and not more than 50 paise for one-minute call.
- Huawei:seeking clarity on India security issueReuters - 05:56 PM
Chinese telecom gear maker Huawei said on Friday it was evaluating the reported security concerns in India and was seeking clarifications from authorities.
- Currency directorate to be set up to contain fakingIANS - 07:20 PM
New Delhi, April 30 (IANS) In an effort to contain counterfeiting of Indian currency, the government is planning to set up a directorate of currency (DoC) under the finance ministry to monitor security breaches and review best practices worldwide.
- UCO Bank posts Rs.379.80 crore net profitIANS - 07:20 PM
Kolkata, April 30 (IANS) City-based UCO Bank posted a net profit of Rs.379.80 crore (Rs.3,798 million) for the fourth quarter (January-March) of 2009-10 compared to Rs.102.56 crore (Rs.1,025.60 million) in the corresponding period of 2008-09.
International
- U.S. economic growth slows in Q1, but spending jumpsReuters - 07:18 PM
The U.S. economy expanded at a 3.2 percent annual rate in the first quarter as consumers stepped up spending, suggesting the recovery was growing more durable.
- U.S. economy grows 3.2 pct in Q1Reuters - 06:07 PM
The U.S. economy grew at a slightly slower-than-expected pace in the first quarter, held back by inventories and exports, but resurgent consumer spending offered evidence of a sustainable recovery, a government report showed on Friday.
- China bans citizens from buying third homeIANS - 04:47 PM
Beijing, April 30 (IANS) China Friday banned its citizens from buying 'more than one secondary home' in an effort to curb soaring property prices.
- Shanghai Expo aims for eco-friendly tagIANS - 04:36 PM
Shanghai, April 30 (IANS) Over 70 million visitors from across the world are expected to attend the 2010 World Expo in Shanghai where over 100 countries will display exhibits on the theme 'Better City, Better Life'.
- Christie's jewel auction in Dubai fetches over $8.5 mnIANS - 03:45 PM
Dubai, April 30 (IANS/WAM) Bidders from 13 countries competed against one another for diamonds and decorative jewellery at leading auction house Christie's sale here which fetched over $8.5 million (31 million dirhams).
Personal-Finance
- Sensex holds on to gains in afternoon tradeIANS - 02:47 PM
Mumbai, April 30 (IANS) A benchmark index for Indian equities Friday was holding on to its morning gains and ruling 0.5 percent higher than its previous close in afternoon trade.
- Indian markets end on flat noteIANS - Mon, Apr 26
Mumbai, April 26 (IANS) Indian equities markets Monday ended trade on a dull note even as blue chip stocks Sterlite and HDFC registered handsome gains.
- Indian markets end on dull noteIANS - Mon, Apr 26
Mumbai, April 26 (IANS) Indian equities markets Monday ended trade on a dull note even as blue chip stocks Sterlite and HDFC registered handsome gains.
- Sensex ends 120 points up, ICICI gainsIANS - Fri, Apr 23
Mumbai, April 23 (IANS) A benchmark index for Indian equities Friday ended 130 points higher than its previous close with gains for stocks from the banking and capital goods space.
- Sensex ends 101 points up; SBI, RIL main gainersIANS - Thu, Apr 22
Mumbai, April 22 (IANS) A benchmark index for Indian equities Thursday closed 101 points higher than its previous close, after paring intra-day gains, as State Bank of India and Reliance Industries made strong gains.
Markets
- India's April gold imports down; first fall this yrReuters - 07:27 PM
India's gold imports in April was between 34 and 37 tonnes, down from last year's 49.8 tonnes, recording the year's first monthly fall, the head of Bombay Bullion Association (BBA) said on Friday citing provisional data.
- Dow opens up on eased Greece woes, GDPReuters - 07:24 PM
The Dow industrials opened higher on Friday as worries over debt-laden Greece eased and data showed the U.S. economy grew in the first quarter, although at a slightly slower-than-expected pace.
- Buffett ready to discuss Goldman woes - WSJReuters - 06:26 PM
Famed investor Warren Buffett will address the allegations facing Goldman Sachs Group Inc at his Berkshire Hathaway Inc holding company's annual meeting on Saturday, according to the Wall Street Journal.
- Greece needs austerity measures to survive - PMReuters - 06:00 PM
Greece needs austerity measures to survive, Prime Minister George Papandreou said on Friday, rejecting calls from unions and opposition parties to resist EU/IMF demands to raise taxes and cut public sector wages.
- FACTBOX - Policymakers' comments on Greek rescue talksReuters - 05:56 PM
Reuters - Greece is negotiating a large international aid package to overcome a debt crisis that has raised fears of contagion across the euro zone.
Business News
India May gold festival demand seen robust this yr
Reuters - 07:48 PMIndian gold refineries are busy again after a long lull as a popular festival next month is likely to see more sales than last year's 45 tonnes with stable prices and higher economic growth boosting consumer confidence.
- Germany's Westerwelle sees banks joining in Greece aid Reuters - 07:48 PM
German Vice Chancellor Guido Westerwelle said on Friday he expected banks in Europe wanted to and would contribute to an aid package for Greece.
- Tech Mahindra Q4 net down 1.3 pct on interest costs Reuters - 07:46 PM
Indian IT services firm Tech Mahindra Ltd on Friday reported a 1.3 percent fall in quarterly profit, weighed down by interest costs on borrowings to fund its acquisition of Satyam Computer Services.
- Huawei:seeking clarity on India security issue Reuters - 05:56 PM
Chinese telecom gear maker Huawei said on Friday it was evaluating the reported security concerns in India and was seeking clarifications from authorities.
- India's April gold imports down; first fall this yr Reuters - 07:27 PM
India's gold imports in April was between 34 and 37 tonnes, down from last year's 49.8 tonnes, recording the year's first monthly fall, the head of Bombay Bullion Association (BBA) said on Friday citing provisional data.
- Dow opens up on eased Greece woes, GDP Reuters - 07:24 PM
The Dow industrials opened higher on Friday as worries over debt-laden Greece eased and data showed the U.S. economy grew in the first quarter, although at a slightly slower-than-expected pace.
- U.S. economic growth slows in Q1, but spending jumps Reuters - 07:18 PM
The U.S. economy expanded at a 3.2 percent annual rate in the first quarter as consumers stepped up spending, suggesting the recovery was growing more durable.
- Honda recalls 167,255 Acura TSX cars in the U.S. Reuters - 06:40 PM
Honda Motor Co Ltd said it would recall 167,255 Acura TSX sedans sold in the U.S. market to address the risk that power steering fluid could leak and cause an under-the-hood fire.
- ANALYSIS - Yuan FX market better get used to volatility Reuters - 06:31 PM
The bumpy ride in China's onshore yuan markets in the past month may be just the start of a learning curve for the country's big companies and banks on how to cope with currency volatility.
- Oil rises towards $86, up for 3rd month on recovery Reuters - 06:27 PM
Oil rose on Friday, heading for a third straight monthly gain, driven by expectations of global economic recovery and hopes of a bailout package to help Greece avoid debt default.
- Buffett ready to discuss Goldman woes - WSJ Reuters - 06:26 PM
Famed investor Warren Buffett will address the allegations facing Goldman Sachs Group Inc at his Berkshire Hathaway Inc holding company's annual meeting on Saturday, according to the Wall Street Journal.
- Shoppers Stop FY11 sales seen growing 20-22 pct - CEO Reuters - 06:20 PM
Retailer Shopper's Stop expects to record 20-22 percent growth in revenue for FY11, Chief Executive Govind Shrikhande said in a conference call.
- U.S. economy grows 3.2 pct in Q1 Reuters - 06:07 PM
The U.S. economy grew at a slightly slower-than-expected pace in the first quarter, held back by inventories and exports, but resurgent consumer spending offered evidence of a sustainable recovery, a government report showed on Friday.
- Greece needs austerity measures to survive - PM Reuters - 06:00 PM
Greece needs austerity measures to survive, Prime Minister George Papandreou said on Friday, rejecting calls from unions and opposition parties to resist EU/IMF demands to raise taxes and cut public sector wages.
- Nissan's Leaf electric vehicle to be in the black Reuters - 05:57 PM
Nissan Motor Co said on Thursday it is on track to book 25,000 U.S. orders for its Leaf electric vehicle by the end of the year and the automaker will be making money on the green car.
- FACTBOX - Policymakers' comments on Greek rescue talks Reuters - 05:56 PM
Reuters - Greece is negotiating a large international aid package to overcome a debt crisis that has raised fears of contagion across the euro zone.
- Firstsource sees June qtr profit dip; FY11 margins up Reuters - 05:55 PM
Back office services firm Firstsource Solutions said March quarter profit fell 12.9 percent hurt by a one-off gain last year, and forecast a dip in June-quarter results on weakness in its collections business.
- Pantaloon forms equal JV with U.K. firm Reuters - 05:53 PM
Pantaloon Retail, India's largest listed retailer, said on Friday it had formed an equal joint venture with U.K.-based C & J Clark International to sell branded footwear and associated products.
- German private sector to help Greece Reuters - 05:53 PM
German financial and industrial firms will contribute to a multi-billion euro bailout for Greece, a senior banking source said, as talks to secure the aid in return for tough Greek budget cuts edged towards a deal.
- Rupee up for 4th straight month; shares help Reuters - 05:42 PM
The rupee extended gains in to a third straight day on Friday and recorded its fourth consecutive monthly rise in April as buoyant local shares and broad weakness in the dollar helped market sentiment.
National News
Poor coordination, illiteracy impeding SGSY target
New Delhi, Apr 30 (PTI) The government today said banks have not been able to achieve fund disbursal targets under the rural employment scheme (SGSY) because of lack of or poor co-ordination between lenders and sponsoring agencies as also due to illiteracy among the borrowers.
- Lone JJM MLA withdraws support to Soren govt PTI - 08:12 PM
- Supreme Court gets new chief justice, woman judge IANS - 08:11 PM
- SAD to approach supreme court on ''84 riots PTI - 08:06 PM
- Japan's Defence Minister presented guard of honour ANI - 08:05 PM
- BJP withholds decision to pull out of Soren government ANI - 08:05 PM
General
- PC convenes anti Maoist meet,seeks state Govt's help to tackle ultrasANI - 08:05 PM
New Delhi, April 30 (ANI):Convening a meeting with lawmakers of 33 worst Maoist-affected districts in the country, Home Minister P Chidambaram today suggested that there was a need to speed up the implementation of flagship programmes of the government in Maoist-affected districts, and sought co-operation of ministers to tackle ultras with development schemes.
- One killed in stone pelting incident in SrinagarANI - 08:05 PM
Srinagar, April 30 (ANI): A civilian was killed in a stone-pelting incident in Batamaloo in Srinagar on Friday. According to inputs, the victim identified as Ishfaq Ahmad Sheikh of Natipora was wounded when the stone pelters attacked the bus in which he was traveling. Sheikh, was rushed to the hospital were he succumbed to his injuries.
- ICPs set up at Wagah border to facilitate Indo-Pak tradeANI - 08:05 PM
Integrated check posts are being set up at the border town of Wagah in Punjab to facilitate trade between India and Pakistan.
- 5 killed in stampede at religious gathering in Sirsa town of HaryanaANI - 08:05 PM
At least five women were killed and several injured in a stampede at a religious gathering of the Dera Sacha Sauda sect.
- Kolkata police gets prepared to tackle untoward incidentANI - 08:05 PM
Kolkata Police is increasing the strength of its Disaster Management Group (DMG) to 120 personnel and is undergoing training in rescue of hostages and fire victims trapped in high-rise buildings.
Politics
- UPA breaks with tradition, forces RS adjournment over Modi remarkANI - 07:55 PM
New Delhi, Apr 30 (ANI): Breaking with tradition, ruling UPA members trooped into the well of the Rajya Sabha on Friday and forced its adjournment over reported remarks made by Gujarat Chief Minister Narendra Modi about Dalits.
- BJP puts decision to withdraw support from Soren Government on holdANI - 07:55 PM
New Delhi, Apr 30 (ANI): The Bharatiya Janata Party (BJP) in Jharkhand on Friday announced that it has put on hold its earlier decision of withdrawing support to the Shibu Soren Government in Jharkhand.
- Kerala Congress-J splits, to leave Left FrontIANS - 07:37 PM
Kottayam (Kerala), April 30 (IANS) The Kerala Congress-Joseph (KC-J) split Friday, with the majority group deciding to part ways with the ruling Left Democratic Front (LDF) and the party's nominee in the cabinet, PWD Minister P.J.Joseph, announcing his decision to resign.
- Jharkhand: Political uncertainty as legislator withdraws supportIANS - 06:58 PM
Ranchi, April 30 (IANS) Political uncertainty continued in Jharkhand for the third day Friday after independent legislator, Bandhu Tirkey, withdrew support to the four-month-old Shibu Soren regime, saying he was against the BJP forming an alternative government.
- Independent legislator withdraws support to Soren governmentIANS - 06:30 PM
Ranchi, April 30 (IANS) Political uncertainty continued for the third day in Jharkhand after independent legislator, Bandhu Tirkey, Friday evening withdrew support to the four-month-old Shibu Soren government.
Features
- Tinker translator spyHT - Thu, Apr 29
Was Madhuri Gupta only a lonely woman in an alien land looking for some male company, and having found it in a Pakistani police officer, kept him hooked by passing off news from the local press as sensitive information? Might sound a bit stretched. But that's what she is telling her interrogators, according to those close to the investigations.
- Regional cinema comes to its own in Bollywood-crazy IndiaReuters - Thu, Apr 29
Bollywood may be the buzz word for the Indian film industry but bolder themes and corporate funding are signalling a rebirth for regional cinema in the country.
- Amitav Ghosh joint winner of $1 million Israeli prizeReuters - Wed, Apr 28
Author Amitav Ghosh has won the Dan David prize for his depictions of 20th century life and will share the million dollar prize with Canadian writer Margaret Atwood, organisers said.
- Book Talk: Trapped in a quake, they share storiesReuters - Wed, Apr 21
Award-winning author Chitra Banerjee Divakaruni's latest novel about people trapped during an earthquake gets new meaning in a year that has seen devastating quakes hit Haiti, Chile and China.
- Britain's Indian curry comes home in KolkataReuters - Tue, Apr 20
Britain's version of the curry has come full circle in Kolkata, the city that claims to be where it all began, and which is now celebrating the origins of the dish that has become a staple in many households.
Crime
- Corruption concerns surface in Twenty20 gameReuters - 12:34 PM
A police investigation into suspected "match irregularities" at Essex county cricket club has stirred unwelcome memories of the match-fixing scandal which rocked the sport a decade ago.
- Q+A - Twenty20 format raises fixing temptations, officials fearReuters - 07:16 AM
Only 10 months after Pakistan captain Younus Khan held the Twenty20 World Cup aloft at Lord's, a third edition of the global tournament opens in the West Indies on Friday.
- CBI arrests senior Home Ministry official for graftANI - Wed, Apr 28
New Delhi, Apr 28 (ANI): Senior Home Ministry official O Ravi was arrested by the Central Bureau of Investigation on Wednesday on charges of corruption.
- CBI remand of Medical Council of India chief extended to May 1ANI - Wed, Apr 28
New Delhi, Apr.29 (ANI): A Delhi court has extended the Central Bureai of Investigation (CBI) remand of Medical Council of India (MCI) President Ketan Desai till May 1.
- 10-yr-old boy kidnapped, rescued from BaghpatHT - Wed, Apr 28
The Delhi Police have rescued a 10-year-old boy, kidnapped from Karawal Nagar in Delhi, from Shabga village under Chaprauli police station in Baghpat district on Monday.
National News
Alphonso may not land on your plate
HT - 05:40 PMThe delicacy of Alphonso, Kesar breed and mango shake from Totapuri mangoes would become dearer this year as the price of these breeds would be high because of low production in southern and western belt of the country.
- Kaziranga has distinction of having highest tiger density in the world : Study Report HT - 05:40 PM
Kaziranga National Park (KNP) of Assam has achieved unique distinction in tiger conservation front as it was found to have highest tiger density on Earth. Project Tiger was launched in the KNP in 2007.
- New plan for Gurgaon e'way HT - 05:40 PM
It?s an experiment but if it succeeds motorists would enjoy a signal free ride on the service lanes between Iffco Chowk and Delhi border toll plaza.
- Fighting to leave the world the Hindu way HT - 05:40 PM
UK-based Davender Ghai (71) is a man with a mission, and this mission is a matter of life and death for him - literally.
- Phone taps: PC allays House fears HT - 05:40 PM
Under fire from the opposition on the alleged phone tapping of some politicians and high-profile lobbyist Niira Radia in two unrelated instances, the government on Thursday said it would consider changes in the existing rules to strengthen citizens? right to privacy.
- Geelani placed under house arrest, says will go ahead with Friday march HT - 11:10 AM
All Parties Hurriyat Conference chairman Syed Ali Shah Geelani was placed under house arrest on Thursday, a day ahead of his march from Hyder Pora to United Nations office in Srinagar.
- FDA noose around PAL HT - 11:10 AM
The truth is out, finally. In an apparent acknowledgement of the fact that Lucknow?s Public Analyst Lab (PAL) has been letting adulterators off the hook, putting public health at great risk, the Food and Drug Administration (FDA) is putting all PAL activities under CCTV watch.
- NTPC shifts power project to MP's Bundelkhand HT - 11:10 AM
Uttar Pradesh seems to have lost the opportunity of having a 4,000-MW ultra mega power project, which the National Thermal Power Corporation (NTPC) had proposed to install in the Bundelkhand region with Rs 24,000 crore investments.
- Equipped with RTI jehad, J&K villagers make officials accountable HT - 11:10 AM
Battering rain can hardly subdue the voice coming out of the mike in a two-room community centre at Drag, Kashmir's Budgam district, 44 km west of Srinagar.
- 3-tier security was in place around Babri Masjid: Anju Gupta HT - 11:10 AM
Senior IPS officer Anju Gupta on Thursday told a Rae Bareli court that in view of a possibility of ISI threat, the Babri Masjid-Ramjanma Bhoomi complex on December 6, 1992 was placed under a three-tier security arrangement.
- 2G spectrum scam: Raja-Radia link rocks House for second day HT - 11:10 AM
For the second day on Thursday, Parliament was rocked by disclosures about how a power PR personality and lobbyist Niira Radia influenced the allocation of licence for 2G spectrum for mobile phones.
- Ornamental fishes under genetic upgrading HT - 11:10 AM
Many widely sought Indian species of ornamental fishes are going under a genetic upgrading and may end up patented by foreign countries.
- Mayawati calls for decentralization of power, amendment of law HT - 10:50 AM
Chief Minister Mayawati has decided to decentralize the financial and administrative powers to the district level and ordered that officers found guilty of custodial deaths would be sent to jail.
- Four Constables arrested for 'conning' businessman HT - 10:50 AM
Four Delhi Police Constables were arrested on Thursday for allegedly extorting money from a businessman in the guise of saving him from a charge of human trafficking.
- Ministry blames states for hungry kids, fires letters HT - 10:50 AM
The ministry of women and child development has shot off stinkers to two state governments, Uttar Pradesh and Madhya Pradesh, pointing out that poor implementation of centrally sponsored schemes is contributing to malnutrition.
- Sentence: 2 yrs in jail, Rs 500 fine HT - 10:50 AM
A fine of Rs 500 or two years in jail or may be both?this is the maximum punishment that would be invoked against the guilty in the Mayapuri radiation case.
- 10:50 AM
Mumbai, April 30 -- A parent of a Class 5 student at Billabong School in Malad has alleged that the school authorities confined her daughter to the school library on two occasions over a fee-related tussle.
- Biker ban on JJ flyover justified: HC HT - 10:50 AM
Mumbai, April 30 -- The ban on two-wheelers on JJ flyover will stay. The Bombay High Court on Thursday dismissed two public interest litigations (PILs) challenging the traffic police's decision to ban two-wheelers from the 2.4-km-long flyover. A division bench of Justice J.N. Patel and Justice S.C.
- Tata to continue to supply some power to RInfra HT - 10:50 AM
Suburban power consumers will continue to get uninterrupted power at no extra cost for now. The state has decided to tell Tata Power Company (TPC) to continue supplying inexpensive electricity to Reliance Infrastructure (RInfra).
- 20-yr-old NRI goes missing in Malad HT - 10:50 AM
A 20-year-old non-resident Indian (NRI), who came to the city for her cousin?s wedding, went missing from Malwani in Malad on Monday.
National News
Justice S H Kapadia appointed as new CJI
IE - 05:33 PMJustice Sarosh Homi Kapadia, the senior-most judge of the Supreme Court, was on Friday appointed as the next Chief Justice of India.
- Congress accuses BJP of 'greed for power' IE - 05:33 PM
The Congress's Jharkhand unit on Friday accused the BJP of "greed for power" which, it said, has led the saffron party to put on hold withdrawal of support to the Shibu Soren government in the state.
- Police told to locate Malegaon blast witness IE - 05:33 PM
The Madhya Pradesh High Court has directed Indore Police to trace a witness in the Malegaon bomb blast case and submit a detailed report about his whereabouts within a week before it.
- After 4 years, Supreme Court has a woman judge IE - 03:37 PM
After four years, the Supreme Court had a woman judge with Justice Gyan Sudha Mishra, Chief Justice of the Jharkhand High Court, being sworn in on Friday. 61-year-old Justice Mishra was sworn in along with two other judges by Chief Justice of India K G Balakrishnan.
- Centre will sanction special industrial package for J&K: Omar IE - 03:37 PM
Chief Minister Omar Abdullah has said he is hopeful that the central government would sanction special industrial package for Jammu and Kashmir on the pattern of North-East states.
- Traffic to ply one-way on Jammu-Srinagar highway for 4 days IE - 03:37 PM
The authorities have decided to allow only one-way movement of vehicles for four days on national highway in order to ensure smooth passage of traffic to shift state's summer capital to Srinagar from Jammu.
- Modi's anti-Dalit remarks stall RS IE - 03:37 PM
In an unusual move, members from the ruling Congress today trooped into the well of Rajya Sabha and forced its adjournment, agitated over not being allowed to raise the reported remarks by Gujarat Chief Minister Narendra Modi about Dalits.
- BJP puts on hold its move to withdraw support to Soren IE - 12:00 PM
After receiving a letter from JMM leader Hemant Soren expressing willingness to back a BJP-led government in Jharkhand, BJP Parliamentary Board on Friday decided to withhold its move to withdraw support to the Shibu Soren Ministry and is reportedly exploring ways government formation there.
- Five women devotees killed in Haryana stampede IE - 12:00 PM
Five women devotees were killed and several others injured in a stampede inside the premises of religious sect Dera Sacha Sauda in Sirsa, triggered by rumours about the presence of a snake, officials said on Friday.
- Contractor killed by Maoists in Orissa IE - 12:00 PM
A day after they killed a forester in Nuapada district of Orissa, Maoists struck again this morning in southern Orissa district of Malkangiri killing a contractor on suspicion of he being a police informer.
- JMM offers CM's chair, BJP pauses withdrawal IE - 03:25 AM
A day after announcing withdrawal of support to the Shibu Soren-led government in Jharkhand, the BJP on Thursday put the decision on hold, pausing to "actively consider" the JMM's latest offer to give up the Chief Minister's post.
- IPS officer was Sohrabuddin's extortion partner: CBI IE - 03:24 AM
The Central Bureau of Investigation (CBI) said IPS officer Abhay Chudasama, who was arrested on Wednesday, ran an extortion racket with Sohrabuddin Sheikh and was the prime conspirator in the abduction and murder of Sheikh and his wife Kauserbi.
- Thaw in Thimphu IE - 03:25 AM
Pakistan Prime Minister Yousuf Raza Gilani's assurance that he will be able to expedite the trial of the Mumbai attack accused in a Lahore court, and New Delhi's assessment that he has the leverage with the Pakistani Establishment to get things moving faster, today led India to take a step forward and agree to a "substantive" dialogue, The Indian Express has learnt.
- Phone tapping not authorised, probe on: Govt IE - 03:25 AM
With the controversy over the alleged telephone tapping of politicians raging on, Union Home Minister P Chidambaram on Thursday said the UPA government had not authorised the phone tapping of any politician and that an inquiry was on to ascertain whether any agency had been engaged in unauthorised phone tapping.
- Sonia raps Hooda over caste violence, seeks report IE - 03:25 AM
Taking strong exception to growing incidents of caste-related violence in Haryana, Congress president Sonia Gandhi on Thursday shot off a letter to Chief Minister Bhupinder Singh Hooda expressing concern about such incidents and demanding a report on the violence against Dalits at Mirchpur village in Hisar district, it was reliably learnt.
- Shivalik commissioned, India enters stealth club IE - 03:25 AM
India on Thursday entered the stealth warship club with the commissioning of the INS Shivalik, the first of a new series of frigates that has set the benchmark for India's future fleet of battleships.
- 'Hang Kasab, honours no solace' IE - 11:05 AM
Assistant police sub-inspector Tukaram Ombale was hailed as a hero for holding death in tight embrace during 26/11 Mumbai terror attacks, but the honour bestowed on him is little solace to his family members who wants his killer Ajmal Kasab hanged.
- Army foils infiltration bid, guns down three ultras IE - 11:05 AM
Army on Friday foiled an infiltration bid from across the Indo-Pak border by killing three militants at Kupwara district of north Kashmir, a defence spokesman said here.
- CBI raids top cop's residence, office IE - 03:25 AM
The Central Bureau of Investigation (CBI) raided the Prahaladnagar residence of DCP Crime Abhay Chudasama on Thursday afternoon.
- No local saw Batla encounter: Crime Branch IE - 03:25 AM
In its chargesheet filed in Batla House encounter, the Crime Branch has ruled out the possibility of any Jamia Nagar resident witnessing the shootout between personnel of the Special Cell and the alleged Indian Mujahideen members.
National News
FMCG sector margins unlikely to grow
FE - 01:51 AMIt has been a disappointing March quarter for consumer products firm Marico. Thanks to some price deflation, the top line growth has been muted and advertisement spends have eaten into margins.
- FM doles out tax relief, but levy on fuel stays FE - 01:51 AM
Finance Minister Pranab Mukherjee has handed a big relief to air travellers by clarifying that the new service tax imposed on them in Budget 2010-11 would be capped at Rs 100 per ticket for domestic travel in any class and Rs 500 for international travel in economy class.
- Private participation a must for developing more houses in Delhi FE - 01:51 AM
The JNNURM funds have almost exhausted and much more are required for revamping Indian cities, says urban development secretary M Ramachandran in an exclusive interview with FE's Kakoly Chatterjee.
- Inland waterway projects hang fire as Plan panel delays nod FE - 01:51 AM
The 11th Five Year Plan target of developing six new national inland waterways is unlikely to be met and the shipping ministry blames it on the Planning Commission's failure in approving the proposals.
- Optimum investment for start-up enterprises FE - 01:51 AM
I don't think we can afford him" is what I heard the founder and CEO of a start-up say last week.
- Quick View FE - 01:51 AM
BJP to raise plight of WB potato growers The BJP on Thursday said it will highlight the poor plight of West Bengal potato farmers in Parliament.
- Declaration of MRP is needed only on retail packages FE - 01:51 AM
We are a garment manufacturer, clearing apparel on a wholesale basis in loose packets. Are we required to provide the MRP on the packaging and also pay excise duty on 60% of the MRP as our local excise authorities have contended?
- Report card FE - 01:51 AM
This paper* highlights the trends in bilateral trade between India and Nepal:
The basic structure of trade agreement between India and Nepal remains the Indo-Nepal Treaty of Trade, 1991, as modified by letters of exchange of February 16, 1993; December 3, 1996; March 2, 2002; and October 28, 2009. - Letters to the editor FE - 01:51 AM
Apropos of the edit 'Better disclosure' (FE, April 29), the decision by Irda that all insurance companies will now have to spell out to customers the commission they pay to agents for each policy is a good step in institutionalising transparency.
- 'Narendra Modi ordered phone tapping' FE - Thu, Apr 29
Gujarat Congress leader Shaktisinh Gohil today alleged that the Narendra Modi government had ordered the state intelligence bureau to tap phones of a numbers of political leaders and others during and after the 2002 post-Godhra riots.
- Consolidation has already started in consumer minds FE - Thu, Apr 29
Last fiscal has been one of the most challenging ones for Bharti Airtel with the mobile market getting crowded with around 14 players and the race to the bottom beginning with new players slashing tariffs.
- Raja's 2G spectrum sham rocks House FE - Thu, Apr 29
The 2G spectrum allocation issue created uproar in Parliament on Wednesday for which telecom minister A Raja is in the dock.
- Expert group to scan discom accounts FE - Thu, Apr 29
The Centre plans to set up an independent group of financial experts to assess the actual status of power distribution companies' finances, on the assessment that their accounting practices are not up to commercial standards.
- The good and the bad of Amazon Kindle FE - Thu, Apr 29
It's been over three months that I've been living with an Amazon Kindle. For those of you contemplating investing in an Amazon Kindle, this review would come in mighty handy.
- 3D Magic FE - Thu, Apr 29
Samsung recently launched the 7000 series 3D LED television in India, with both eyes on the future. It has been engraved in stone, or so it may seem, that 3D is the future of our television—movies or standard television.
- Gadget buzz FE - Thu, Apr 29
Kingston Data Traveler 310 This 256 GB USB flash drive features Password Traveler software, which allows the user to create and access a password-protected privacy zone.
- CDR cell okays borrowing rejig proposal, says Indage FE - Thu, Apr 29
Troubled wine-maker Indage Vintners has said the Corporate Debt Restructuring Cell (CDR) has approved its proposal to restructure the borrowings of various banks.
- The cracks are showing... FE - Thu, Apr 29
The first lot of 200 corporate results for the March 2010 quarter had a couple of disappointments in the numbers of Reliance Industries and Maruti Suzuki.
- Reliance ADAG plans Rs 1.5k-cr cement plant FE - Thu, Apr 29
Reliance Anil Dhirubhai Ambani Group is planning to set up a cement manufacturing facility in Karnataka at an investment of Rs 1,500 crore.
- BJP pulls the plug on Jharkhand government FE - Thu, Apr 29
The BJP on Wednesday withdrew support to the four-month-old Shibu Soren government in Jharkhand, calling Soren's decision to vote with the UPA government on the Opposition-sponsored cut motions in the Lok Sabha on Tuesday as 'an act of betrayal'.
National News
Huawei: seeking clarity on India security issue
Reuters - 05:16 PMChinese telecom gear maker Huawei said on Friday it was evaluating the reported security concerns in India and was seeking clarifications from authorities.
- Pakistan's Younus wants ban evidence made public Reuters - 04:28 PM
Former Pakistan captain Younus Khan has told an appeals judge he wants the country's cricket board to make public the evidence that led to them to impose an indefinite ban on him last month.
- Eurozone finmins to confer over Greece rescue Reuters - 03:41 PM
Euro zone finance ministers will discuss Greece's debt crisis on Friday as Athens finalises details of deep budget cuts it has pledged in return for a multi-billion euro aid package from the European Union and IMF.
- Thai protesters on defensive after storming hospital Reuters - 03:13 PM
Thai anti-government protesters were apologetic on Friday a day after a clumsy storming of a hospital that raised questions over whether the movement is losing direction in a two-month crisis that has killed 27 people.
- Corruption concerns surface in Twenty20 game Reuters - 12:34 PM
A police investigation into suspected "match irregularities" at Essex county cricket club has stirred unwelcome memories of the match-fixing scandal which rocked the sport a decade ago.
- Thai hospital near protest evacuates patients Reuters - 10:29 AM
A hospital in Bangkok evacuated some of its patients on Friday after protesters forced their way into the grounds to look for soldiers they thought were there preparing an attack.
- Q+A - Twenty20 format raises fixing temptations, officials fear Reuters - 07:16 AM
Only 10 months after Pakistan captain Younus Khan held the Twenty20 World Cup aloft at Lord's, a third edition of the global tournament opens in the West Indies on Friday.
- Pakistan to get $600 mln under U.S. program - Pentagon Reuters - 02:10 AM
The United States plans to quickly transfer $600 million to Pakistan to reimburse the government for military operations over the last year, the Pentagon said on Thursday.
- RBI deputy sees no immediate need for policy action Reuters - Thu, Apr 29
A deputy governor of the Reserve Bank of India on Thursday said he did not see any immediate need for any policy action before a scheduled quarterly review in July.
- Thousands gather for Maoist rally in Nepal's capital Reuters - Thu, Apr 29
Thousands of supporters of Nepal's former Maoist rebels began gathering in Kathmandu on Thursday for a May Day protest rally to press for a return to power in what may herald a showdown with a fragile government.
- India, Pakistan had very good talks - foreign secretary Reuters - Thu, Apr 29
Prime Minister Manmohan Singh and his Pakistani counterpart Yousuf Raza Gilani had "very good talks" in Bhutan's capital and agreed that relations between them should be normalised, Foreign Secretary Nirupama Rao said on Thursday.
- India, Pakistan leaders meet, seek diplomatic thaw Reuters - Thu, Apr 29
Prime Minister Manmohan Singh and his Pakistani counterpart Yousuf Raza Gilani held their first meeting in nine months on Thursday, aiming to end a diplomatic stalemate since the 2008 Mumbai attacks, although hopes of a breakthrough remain muted.
- FEATURE - An identity for all: India ID project fights dust, doubt Reuters - Thu, Apr 29
As India gears up to build the largest biometric database in the world with the aim of providing most of its 1.2 billion citizens a Unique Identification (UID), perhaps the biggest challenge is smudged fingerprints.
- Food inflation eases;fuel prices continue to rise Reuters - Thu, Apr 29
India's annual food price inflation eased in mid-April, but fuel price inflation quickened maintaining an upside pressure on the wholesale price index that could prompt further monetary tightening by the central bank.
- India 3G auctions to close in 2 days - telco min Reuters - Thu, Apr 29
India's third-generation (3G) spectrum auction will be completed in "one or two" days, telecoms minister Andimuthu Raja told parliament on Thursday.
- Food price index up 16.61 pct y/y - govt Reuters - Thu, Apr 29
India's food price index rose 16.61 percent in the 12 months to April 17, while the fuel price index rose 12.69 percent from a year ago, government data showed on Thursday.
- ArcelorMittal sees sharp Q2 bounce after Q1 dip Reuters - Thu, Apr 29
ArcelorMittal, the world's largest steelmaker, forecast a sharp pick-up in the second quarter due to higher demand and prices in all main markets after a weaker-than-expected first three months.
- UK bank Barclays cuts 250 positions in India Reuters - Thu, Apr 29
British lender Barclays has cut 250 jobs in India, while another 50 to 55 staff have been reassigned or resigned from the bank in recent weeks, a company spokesman said on Thursday.
- Regional cinema comes to its own in Bollywood-crazy India Reuters - Thu, Apr 29
Bollywood may be the buzz word for the Indian film industry but bolder themes and corporate funding are signalling a rebirth for regional cinema in the country.
- Pakistani, Indian prime ministers to meet in Bhutan Reuters - Thu, Apr 29
The prime ministers of India and Pakistan will hold talks on Thursday, their first meeting in nine months that is seen as another attempt to improve frayed ties.
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