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Kidwai okays Laloo's prosecution
The decks have been cleared for the filing of a charge-sheet by the Central Bureau of Investigation against Bihar Chief Minister Laloo Prasad Yadav in the fodder scam, with Governor A R Kidwai formally sanctioning the prosecution of the former.
Narayanan phones for support, BJP keeps him on hold
Vice-president K R Narayanan has sought the support of the Bhartiya Janata Party (BJP) for his election to the highest office in the country. With the Congress and the ruling United Front having already endorsed his candidature, Narayanan is not leaving anything to chance in ensuring his move into the Rashtrapati Bhawan.
JD asked to fix venue for presidential poll
The Delhi high court has authorised the Janata Dal (JD) national executive to fix the date and venue for the party presidential poll, another setback to Laloo Prasad Yadav. The court termed as improper Laloo's decision to fix Patna as the venue.
Left is right; Kesri shares concern on petrol hike
Congress president Sitaram Kesri has at last found an issue to side with his Communist rivals: the impending hike in oil product prices. The first official comment from the Congress on this controversial issue comes at a time when there are strong differences of opinion between the Left and the United Front.
Inter-state panel seeks curbs on Centre's role
Seeking to end the misuse of Article 356, the standing committee of the Inter-state Council has proposed a Constitutional amendment stipulating that the dismissal of any state government by the Centre needs the approval by a two-thirds majority in Parliament.
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Mumbai customs authorities to stop inspection of import cargoes
The Customs authorities have decided to ban the examination of import cargoes except for 26 sensitive items with effect from June 16. The order states that the delivery of goods to importers whose credentials are above board may be permitted without physical examination of the cargo.
Oil price hike: Left, UF drift apart
The ticklish issue of a petroleum price hike has brought about a rift between the Left parties and the United Front government with Prime Minister I K Gujral and Union finance minister P Chidambaram directly pitted against leaders like West Bengal Chief Minister Jyoti Basu and senior party members.
Additional grant for states from central tax pool
States will receive an additional Rs 5,000 crore as part of their enhanced share in the central pool of taxes. The recommendations of the Finance Commission to provide 29% share in the revenue collected by the Centre through various kinds of taxes, was agreed upon mutually.
BSE turnover hurtles past Rs 1,100 crore
The BSE-30 sensitive index touched a post-Budget high of 4,087 points before closing at 4,087.64. The index registered a gain of 62 points, marking a record turnover of Rs 1,172.90 crores. Hectic buying by FIIs ensured that the week-long bull run was sustained.
DSE kingpin among 11 parties in custodian net
The custodian appointed by the special court in connection with the 1992 securities scam has notified 11 firms, mostly belonging to prominent Delhi broker Naresh Aggarwala. Aggarwala is said to have maintained strong links with major scam players such as the Harshad Mehta group, Hiten Dalal and others.
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