ECONOMY & NATION


MDT/PTI 25 June 2012
Giving its verdict on an appeal by Tata Motors, the division bench observed that the President's assent had not been taken for the Act and as such it was void and unconstitutional   Kolkata: In a setback to West Bengal government led by Mamata Banerjee, the Calcutta High Court on...

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MDT/PTI 25 June 2012
TRAI said the tariff order and regulations issued for Digital Addressable Cable TV Systems have come into force from the date of its publication in the gazette   New Delhi: The Telecom Regulatory Authority of India (TRAI) said its regulations on compulsory digitisation of cable TV...

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MDT/PTI 25 June 2012
The BJP, which failed to persuade allies like Shiv Sena and JD-U to support Mr Sangma, argued that it was its duty as the main opposition party not to allow a “walkover” to the Congress   New Delhi: Reconciling with division within the National Democratic Alliance (NDA) over the...

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MDT/PTI 22 June 2012
Rupee depreciating to an all-time low of Rs57.30 to a US dollar has wiped away most of gains arising from oil dropping below $90 a barrel for the first time since December 2010   New Delhi: Petrol prices should have been cut by Rs2.20-Rs2.30 a litre as global rates have fallen to 18-...

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Mathew Thomas 22 June 2012
How could some sanity be brought into the process of selection of the person for the highest office of the land? Unfortunately, there are no substitutes for political maturity and ethics Sack races are usually a children’s sporting event. It tests ability to run with one’s feet inside a...

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MDT/PTI 22 June 2012
Kerala government is planning to float Pravasi Development Bonds for attract investments from non-resident Indians for the state's development projects Thiruvananthapuram: Kerala government plans to float Pravasi Development Bonds with a view to attract investments from non-resident...

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MDT/PTI 22 June 2012
Political parties, a variety of charitable organisations, scientific research associations, educational institutes and certain hospitals have been found to have 'huge receipts' of funds by way of donations, contributions and payments New Delhi: The Income Tax (I-T) department has...

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MDT/PTI 22 June 2012
The automobile industry has also opposed to the idea of diesel vehicles being taxed more, saying such a move will hurt the industry which is already reeling under a slump and future investments could also be hurt New Delhi: Terming Oil Minister Jaipal Reddy's proposal of levying...

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MDT/PTI 22 June 2012
Odisha has already transferred 500 acres to Posco for setting up the proposed plant, which has an original capacity target of 12 mt, involving an investment of Rs52,000 crore Mumbai: After seven years of delay, the Posco steel project will start rolling soon as Odisha has started...

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MDT/PTI 22 June 2012
There have been demands to slap higher duty on overseas power gear to provide a level-playing field for domestic manufacturers, mainly from China New Delhi: The Prime Minister's Office (PMO) on Wednesday asked the Power Ministry to float a new Cabinet note on increasing duty on import of...

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MDT/PTI 22 June 2012
Alstom T&D will supply, erect, test and commission 80 MVAR and 110 MVAR reactors for 765 kV substations in Bihar, Jharkhand, Chhattisgarh and Uttar Pradesh Mumbai: Power generation and transmission company Alstom T&D on Wednesday said it has received two contracts worth Rs176 crore from...

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MDT/PTI 22 June 2012
The West Bengal government and Chaterjee group, promoters of HPL are locked in a bitter battle over transfer of shares of the company Kolkata: The Calcutta High Court on Wednesday refused to pass an interim stay on any proposal for transfer of shares of Haldia Petrochemicals Ltd (HPL) to...

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Mobile operators in Nigeria blame the bad quality of services on poorly developed infrastructure like electricity which, they say makes it cumbersome to deliver services to subscribers Abuja: Airtel Nigeria, subsidiary of Bharti Airtel, South Africa's MTN, Abu Dhabi's Etisalat and local...

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MDT/PTI 22 June 2012
BHEL is finding it difficult to transport heavy equipment to other parts of country from its plant in Tamil Nadu and hence is setting up a unit in Bhandara district in Maharashtra Nagpur: State-run Bharat Heavy Electricals Ltd (BHEL) is setting up a fabrication unit at a cost of Rs1,000...

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Aditi Jhunjhunwala 22 June 2012
As per RBI guidelines notified on 20th June, only big business houses and corporates would venture into this area. However, these entities need to ensure the safety of the customers and public at large The Reserve Bank of India (RBI) had come up with draft White Label ATMs (WLAs)...

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MDT/PTI 22 June 2012
To a question on deputy CM Ajit Pawar's comment expressing surprise how the Chief Minister's chambers survived the inferno, Chavan said his chambers are paperless and there was only one notepad on his table   Mumbai: Following Thursday's fire at Mantralaya, the state secretariat,...

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MDT/PTI 22 June 2012
A crisis in European banking system can choke trade, finance and economic growth not just in the Euro Zone but in the world at large   Bangalore: India on Friday said a crisis in the European banking system can choke trade and finance and in the process global economic growth, and...

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MDT/PTI 22 June 2012
The Trinamool Congress chief said her government is with farmers and farmers unwilling to give their land in Singur, would get it back   Kolkata: In wake of the Calcutta High Court holding as unconstitutional the Singur Land Development Act, West Bengal Chief Minister Mamata Banerjee...

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MDT/PTI 21 June 2012
Installing set top boxes in each cable viewing household is a precondition for digitalisation and even a fortnight before the 30th June, it was estimated that only 30% of households had acquired STBs   New Delhi: The government has deferred the digitalisation of cable TV services in...

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MDT/PTI 21 June 2012
In 2007, the MRTPC let off the cement companies with only a cease and desist order. This time the CCI has imposed a hefty penalty of Rs6,200 crore, equivalent to 50% of their profit for 2009-10 and 2010-11 New Delhi: The Competition Commission of India (CCI) today imposed a hefty penalty...

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