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Cong admits receiving foreign donations: Govt
The Home Ministry has told the Delhi high court that the Congress party has admitted receiving Rs 3.75 crore in foreign donations in 1993 and also about its failure to inform the Foreign Contribution Regulation Act (FCRA) authorities.
Joginder seeks Sangma's nod to quiz Bofors JPC men
Central Bureau of Investigation director Joginder Singh has sent a letter to Lok Sabha Speaker P A Sangma seeking his sanction to interrogate members of the Joint Parliamentary Committee (JPC) that looked into the Bofors case and gave the Rajiv Gandhi government a clean chit.
Hazare trains guns on Gholap
Belying a supposedly sensational disclosure about the 5000-acre Sahara Lake City in the Western Ghats, anti-corruption crusader Anna Hazare today came out with somewhat `tame' allegations of corruption and amassing of wealth against Maharashtra social welfare minister Babanrao Gholap.
Kesri wins back Randhawa but may lose Karunakaran
In a game of fast-changing loyalties, Congress president Sitaram Kesri yesterday managed to win back his latest detractor Punjab state Congress chief Santosh Singh Randhawa but appeared to be losing time-tested friends like Kerala veteran K Karunakaran and Andhra Pradesh leader G Venkataswamy to the enemy camp.
Sri Lanka sweep into final
Sri Lankan skipper Arjuna Ranatunga had the last laugh as the world champions successfully defended their small total to coast to a 52-run victory in the Pepsi Independence Cup match.
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Toyota likely to pick Karnataka for Kijang
Toyota Motor Corporation of Japan has zeroed in on Karnataka for its proposed vehicle project with the Kirloskars. The two have scheduled a meeting on May 27 where they are expected to come to a decision on the matter.
Reserve Bank seeks ministry nod to axe credit insurance scheme
The Reserve Bank of India (RBI) plans to close down the small loans credit guarantee wing of its wholly-owned subsidiary, Deposit Insurance and Credit Guarantee Corporation (DICGC). It has sought the finance ministry's clearance to terminate the credit-guarantee schemes.
DoT to invoke 12 celltel operators bank guarantees
The department of telecommunication (DoT) is planning to invoke the bank guarantees of 12 cellular operators in 11 telecom circles for their failure to pay the licence fee for the second year in a row.
ITC net profit jumps 31 per cent to Rs 343 crore
Tobacco major ITC has reported a 15 per cent increase in net sales to Rs 2909.36 crore in the year ending March 31, 1997, from Rs 2535.72 crore in the previous year, according to unaudited results released on Tuesday.
Hyundai cites pollution, objects to Kumho unit
Two Korean majors are at loggerheads. Automobiles major Hyundai Motor Corporation is objecting to Korean tyre major Kumho setting up its manufacturing unit near the car factory.
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