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Laloo paves way for Dal split
Chief Minister Laloo Prasad Yadav has decided to hold a parallel convention of his party on July 5 where his supporters will elect their leader paving the way for a formal split in the ruling Janata Dal.
HC awaits Centre's reply before staying Joginder's transfer
Taking cognisance of the contempt petition filed on Tuesday against the Prime Minister and Central government, the Patna High Court has issued a show cause notice to the Central Government as to why contempt proceedings should not be initiated against it and directed it to submit their reply by July 11.
Pak flouts charter, allows anti-India drive
In a blatant violation of the agreement reached at the recently-concluded Indo-Pak Foreign Secretary-level talks, the Pakistani authorities allowed anti-India propaganda during a Sikh pilgrimage to Lahore last week.
PM urges scientists to help government
Prime Minister Inder Kumar Gujral has urged scientists and technologists to help fulfil the government's commitment to provide basic minimum services to the masses.
Sensex at 2-year high
The bull run on the Bombay Stock Exchange (BSE) is all set to take the Sensex above the 4,400 level. The speculative build-up in key counters took the Sensex to the two-year high of 4,395.31 yesterday, erasing the previous mark of 4,386.43 posted on October 14, 1994.
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Liquid fuel tariffs for IPPs out of administrative pricing
The Union ministry of petroleum and natural gas has decided to take the pricing of liquid fuel meant for independent power producers (IPPs) out of the purview of the administered price mechanism (APM).
Indian Bank muddle not a scam: FM
Union finance minister P Chidambaram yesterday, asserted that there was no scam in the public sector Indian Bank but it had only some non-performing assets and that there was a distinction between commercial misjudgement and wilful criminal act.
S&P rating may skid on oil pool deficit
The burgeoning oil pool deficit may have an adverse impact on India's sovereign rating which is coming up for review. International rating agency Standard and Poor's, which is currently in talks with the finance ministry over the country rating for the year, has expressed concern over the government's inability to rein-in the oil pool deficit, finance ministry sources said.
Rangarajan asks bankers to pass on rate cut benefits to industry
Reserve Bank of India governor C Rangarajan has urged senior bankers, at a high-level meet, to pass on benefits of the latest bank rate cut to the industry.
NRIs to float new firm to bid for Rs 3,150 cr power plans
Expatriate Indians, including many from Dubai, are collectively bidding for eight infrastructure projects in India worth a total of Dh 3.3 billion (Rs 3,150 crore).
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