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MDT/PTI 05 September 2012
The fire broke out when fancy cracker items were being made at the factory at Mudalipatti, near Sivakasi and gutted all 48 sheds in the premises killing 30 people Sivakasi (Tamil Nadu): In a major tragedy, at least 30 persons were on Wednesday charred to death and 70 others injured when...

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MDT/PTI 05 September 2012
The High Court while refusing to stay implementation of the safety rules for school buses said every parent is concerned about the safety of their children when they go to school and this of paramount importance   Mumbai: Refusing to stay implementation of the safety rules for school...

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Under Section 11 of the RTI Act, the PIO is required to get back to the person (third party) whose confidential records like I-T returns or passport details are being sought. Does that mean the PIO can take the ‘objection’ of this third party as an excuse to refuse information? Early...

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Moneylife Digital Team 04 September 2012
A series of accidents in the Mumbai Metro being built by the Reliance group of Anil Ambani throws open the question whether private sector involvement, without accountability, can be the answer to our infrastructure needs   A 50-metre slab of the metro track on the Andheri-Kurla road...

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Moneylife Digital Team 04 September 2012
It is the finance ministry and not the RBI that is responsible for all the confusion over the size and design of Rs2, Re1 and 50 paise coins   Have you been blaming the Reserve Bank of India (RBI) for the changes in currency and the fact that the Rs2 coin looks like the Re1 coin, the...

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Moneylife Digital Team 04 September 2012
Questions put to the finance minister on the manipulation in the F&O segment have been vaguely answered. Who is the ministry of finance looking to protect?   Rajeev Chandrasekhar, an independent Member of Parliament (MP) in the Rajya Sabha, recently asked a list of questions...

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It required a parliament question by MP Rajeev Chandrashekar for SEBI to admit the involvement of its manager Jerome K Alexander in the infamous “forged letter” sent to Pyramid Saimira by SEBI. While Pyramid Saimira is being wound up, why is the regulator dragging its feet over the Alexander...

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MDT/PTI 04 September 2012
The Union Cabinet, at a meeting chaired by prime minister Manmohan Singh, approved the proposal for making provisions for quotas for SC/STs in promotions in government jobs   New Delhi: The government on Tuesday cleared a proposal that would allow it to provide reservation for...

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While parts of Karnataka are reeling under severe drought, 14 MLAs, some accompanied by their family members, have taken an overseas “study tour” to South America!   Karnataka is suddenly in the news for several reasons. The first major news is the clearance received from the Supreme...

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MDT/PTI 04 September 2012
According to a CBI spokesperson, five FIRs have been filed against five companies and unknown government officials for alleged cheating   New Delhi: The Central Bureau of Investigation (CBI) has registered cases against five companies and unknown government officials as part of its...

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MDT/PTI 03 September 2012
CCI is investigating alleged cartelisation in various sectors such as pharmaceuticals, telecom and milk distribution   New Delhi: The Competition Commission of India (CCI) is investigating alleged cartelisation in various sectors such as pharmaceuticals, telecom and milk distribution,...

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MDT/PTI 03 September 2012
The apex court expressed surprise that PMO officials have been seeking convenient dates from the Committee members, instead of convenience of the Prime Minister    New Delhi: The Supreme Court on Monday expressed displeasure over the failure of officials from the Prime Minister's...

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Instead of a regulator to monitor ads, why not tighten the many statutes that already provide for consumer protection? At a meeting in Mumbai on 24th August, a bunch of NGOs under the aegis of the Consumer Coordination Council (the apex body of numerous affiliated consumer groups across...

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Moneylife Digital Team 03 September 2012
After reports about Vedanta’s $8 million donation to Indian political parties EAS Sarma discovers that two companies which funded the BJP, two public sector entities which funded the Congress and one company which funded SP have all made illegal donations. Here's how   Vedanta...

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There are schools, colleges, institutes and even universities grooming candidates for different careers, but none for politics. Time is opportune for India to think of establishing Schools of Politics at all levels This decade is finding politicians in India running for life (sometimes...

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MDT/PTI 03 September 2012
Pay packages of company chiefs like Chanda Kochhar, AM Naik, Rahul Bajaj, Pawan Munjal, Nitin Paranjape, Anand Mahindra, Navin Agarwal and N Chandrasekaran rose, while Wipro's Azim Premji, Infosys' SD Shibulal and Bharti Airtel's Sunil Mittal took a cut in their total pay packages during...

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MDT/PTI 31 August 2012
The Court named Kodnani, a sitting MLA and former Gujarat Minister, as "a kingpin of riots" in Naroda area and sentenced her to 18-year life imprisonment after serving 10 years jail term while Bajrang Dal leader Babu Bajrangi would his entire remaining life behind bars Ahmedabad: A...

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MDT/PTI 31 August 2012
The construction company had not completed the construction of Sonwani bridge in local MLA Rashid's constituency even after missing the deadline by over three years Srinagar: An independent member of legislative assembly (MLA) in Kashmir has forced a local construction company to come...

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MDT/PTI 31 August 2012
During arguments on sentencing in the MCOCA Court, Gawli, the once feared underworld don said that there was no reason for him to kill the Sena corporator for a 'paltry' amount of Rs30 lakh Mumbai: Gangster-turned-politician Arun Gawli was on Friday sentenced to life imprisonment by a...

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MDT/PTI 31 August 2012
Dismissing a batch of petitions challenging commissioning of units 1 and 2 of KNPP, the High Court said the project did not suffer from any infirmity for want of any clearance from any authorities Chennai: The Madras High Court on Friday gave its nod to the Kudankulam Nuclear Power...

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