Ambanis seek ‘trading scam’ settlement

New Delhi, January 13 (Agencies): In what could be a coincidence, the two Ambani groups have separately approached SEBI for settlement of probes by the regulator in two separate cases of alleged violation of trading regulations. A settlement order is likely to be passed soon by Sebi in its probe related to Anil Ambani group […]

Government to ban exports of wheat products: report

New Delhi, January 13 (Reuters): The government may ban wheat product exports in a series of measures to tame spiralling food prices that have fuelled rapid inflation and increased pressure on an embattled ruling Congress party, local media said. India currently allows upto 650,000 tonnes of wheat product exports until March 31. Prime Minister Manmohan […]

Food inflation falls; vegetables still costly

NEW Delhi, January 13 (PTI): Snapping the five week rising trend, food inflation softened to 16.91% for the week ended January 1, 2011, although vegetables, onions and protein-based items continued to remained costly. Food inflation fell by 1.41 percentage points from 18.32% recorded in the previous reporting week. Even as the index of food inflation […]

India summons Sri Lankan HC on fisherman killing

New Delhi, January 13 (PTI): India on Thursday summoned Sri Lankan High Commissioner Prasad Kariyawasam to lodge a strong protest over the killing of a fisherman by Sri Lankan Navy, asserting that such incidents have no “justification” and calling on authorities there to “desist” from use of force. However, the Sri Lankan envoy denied involvement […]

PM’s panel recommends cheap food for poor

New Delhi, January 13 (Agencies): Prime Minister’s expert committee on National Food Security Bill today recommended that the assured delivery of wheat at Rs 2/kg and rice at Rs 3/kg could be given only to poor and expressed difficulty in accommodating category in view of projected food availability. In contrast, National Advisory Council (NAC), headed […]

Government to pump in Rs 6 bn to fight Maoists

NEW Delhi, January 13 (Agencies): The government is pumping in Rs 580 crore (Rs 5.8 billion) under a special security scheme which would include strengthening road connectivity and recruiting 12,000 more special police officers (SPO) to boost its fighting power against Maoists in mineral-rich central and eastern India. The central government is increasing its money […]

Lalgarh massacre: W Bengal government opposes CBI probe

Kolkata, January 13 (PTI): The West Bengal government on Thursday opposed a CBI probe into the Lalgarh massacre that claimed seven lives as also compensation and told the Calcutta High Court that the CID be allowed to continue the investigation. Denying that the CID would not be able to properly investigate as alleged by the […]

Mumbai boy kills India’s most wanted

Mumbai, January 13 (Agencies): Sources reveal how a small-time convict from Kandivli went to Pakistan and pumped bullets into IM mastermind Riyaz Bhatkal. Even as the daring shootout that killed India’s most wanted terrorist and chief of terror outfit Indian Mujahideen, Riyaz Bhatkal has thrown investigators into a huddle, the needle of suspicion points to […]

Bollywood biggies to help Shabana Azmi with her girl child project in UP

Mumbai, January 13 (Agencies): Girls in a small village in Uttar Pradesh have found unlikely allies in Bollywood. Industry biggies, including Hrithik Roshan, Ranbir Kapoor, Karan Johar and Farhan Akhtar, will walk the ramp later this month to raise funds for the education of girl children in rural India. The proceeds from the fashion show […]

Cracks in UPA: NCP calls Rahul arrogant for price rise

New Delhi, January 12 (Agencies): The Nationalist Congress Party, a major constituent of the UPA, today hit out at Congress leader Rahul Gandhi for blaming coalition compulsions for price rise, saying his statements should reflect “humility” and not “arrogance”. A day after Gandhi made the comments which seemed to target Agriculture Minister Sharad Pawar, NCP […]

‘India, Pak can’t live in perpetual tension’

NEW Delhi, January 12 (PTI): Citing the collapse of the Berlin Wall that unified Germany, Finance Minister Pranab Mukherjee has said that differences between India and Pakistan may be resolved one day since the two cannot wish each other away and live in “perpetual tension”. “I do not have the capacity to indulge in the […]

‘Sibal’s remarks on CAG report improper’

New Delhi, January 12 (PTI): Hitting out at Telecom Minister Kapil Sibal, Parliament’s Public Accounts Committee (PAC) on Wednesday said his “improper” remarks against the Comptroller and Auditor General (CAG) on the 2G spectrum issue had hurt the dignity of the government auditor. PAC Chairman Murli Manohar Joshi also said that the committee members had […]