New Delhi: In UPA's summer of discontent, it continues to rain scams. The Central Bureau of Investigation (CBI) had unearthed a huge forex derivatives scam, pegged at Rs 32,000 crore which has been conveniently brushed under the carpet by the government for three years. On January 4, 2012, Parliament's Public Accounts Committee (PAC) had sent a reminder to the Ministry of Finance, seeking an explanation on the alleged scam in...
09:01 AM, Jun 03, 2012
New Delhi: Foreign universities entering into agreement with their Indian counterparts for offering twinning programmes will have to be among the global top 500. The Indian varsities on the other hand, should have received the highest accreditation grade, according to the new set of guidelines approved by University Grants Commission (UGC) on Saturday. "The underlining objective is to ensure that only quality institutes are permitted for offering the twinning programmes...
07:47 AM, Jun 03, 2012
New Delhi: A sharp slowdown in India's foreign trade added to the woes of Asia's third-largest economy and piled more pressure on the weak coalition government to take steps to boost economic growth. Indian exports inched up 3.23 per cent to $24.5 billion in April from a year earlier after falling in March, data released on Friday confirmed, a far cry from the more than 20 per cent growth recorded...
05:22 AM, Jun 02, 2012
New Delhi: Launching an austerity drive to contain expenditure, the government today banned creation of new posts in its departments and holding their meetings in five-star hotels besides imposing curbs on foreign travel. The Finance Ministry has also asked all ministries and departments to reduce non-Plan expenditure by 10 per cent in the current financial year. "There will be a total ban on holding of meetings and conferences in five-star...
06:21 PM, May 31, 2012
New Delhi: Iranian Foreign Minister Ali Akbar Salehi will be in Delhi on Thursday on a two-day visit to formally invite Prime Minister Manmohan Singh for the Non-Aligned Movement (NAM) summit to be held in Tehran in August. Salehi, who will be in Delhi as the Special Envoy of President Mahmoud Ahmedinijad, will hand over an invitation to the Prime Minister, the External Affairs Ministry said in a statement. During...
09:47 PM, May 30, 2012
New Delhi: The Centre was on Wednesday directed by the Delhi High Court to consider in three months a plea seeking CBI inquiry against members of Team Anna for allegedly receiving funds from foreign organisations to run their agitation for Lokpal Bill. A bench of Acting Chief Justice A K Sikri and Justice Rajiv Sahai Endlaw asked Additional Solicitor General (ASG) A S Chandhiok to treat the PIL as a...
05:16 PM, May 30, 2012
New Delhi: A modern immigration and visa registration project, aimed at bringing all the information of foreigners under one platform, will be inaugurated in New Delhi by Union Home Minister P Chidambaram on Friday. "The project envisages facilitation services to the travellers including online application forms, 24X7 online channel, phone support for grievance redressal and e-mail/SMS support for dissemination of information, application status and feedback," a Home Ministry statement said....
02:59 AM, May 25, 2012
New Delhi: Having bitten the bullet on hiking fuel prices, the government is now looking at bringing reforms back on track. The government may bring Foreign Direct Investment (FDI) in multibrand retail and aviation soon. Commerce Minister Anand Sharma is likely to meet chief ministers of all states to address their concerns on multibrand retail. Some chief ministers believe FDI in retail will lead to losses for small traders. Both...
01:49 PM, May 24, 2012
THIRUVANANTHAPURAM: The State Government might be saddled with just one bidder for the post of port operator for the Vizhinjam seaport project, but fresh enquiries have started coming in from abroad with the government readying to float global tenders for constructing the port.Over the past two months, teams representing the governments of Britain, Japan, Germany and Canada had met the officials of the Vizhinjam International Seaport Ltd (VISL) evincing interest...
08:50 AM, May 24, 2012
Mumbai: The rupee fell to a new record low of 55.32 to the dollar, its fifth consecutive all-time low, as arbitrage measures taken by the RBI late on Monday provided only a brief sentiment boost. At 10:05 am, the partially convertible rupee traded at 54.95/00 per dollar, rebounding from the record low and strengthening from its close of 55.03/04 on Monday. Traders said some exporters were selling dollars in the...
11:00 AM, May 22, 2012
Mumbai: The rupee was broadly flat against the dollar on Monday tracking a mild recovery in risk assets after G8 leaders over the weekend backed keeping Greece in the euro zone and vowed to take all steps needed to combat financial turmoil. The rupee was last trading at 54.42/45, unchanged against its Friday close of 54.42/44. The currency had hit a new life low of 54.91 on Friday. ...
12:10 PM, May 21, 2012
Mumbai: Authorities are investigating top mobile phone carrier Bharti Airtel under provisions of the money laundering and foreign exchange rules, a minister said, sending its shares down as much as 5.1 per cent. The Directorate of Enforcement is investigating cases against Bharti, Minister of State for Finance SS Palanimanickam told Parliament on Tuesday, but declined to give further details. "It may not be in the interest of the ongoing investigations...
03:41 PM, May 15, 2012
New Delhi: There is a clash between the Ministry of External Affairs and the Home Minister over a visit of eight ambassadors from European Union countries to Nagaland. The Home Ministry has written a letter to the MEA, claiming it was not informed by the ministry of the delegation visiting the north eastern state. According to the letter, the Home Ministry and the Intelligence Bureau had no knowledge of the...
05:00 PM, May 14, 2012
HYDERABAD: Prof Sunaina Singh of the Department of English, Osmania University, has been appointed vice-chancellor of the English and Foreign Languages University (Eflu) and she will be taking charge on Monday. The Eflu has been facing a number of problems, including severe shortage of teaching staff, due to the absence of a regular vice-chancellor for the past two years.Incharge vice-chancellor Prof R Amritavalli confirmed Prof Sunaina Singhs appointment. We received...
08:53 AM, May 14, 2012
New Delhi: India on Saturday assured Norway that foreign investments will be protected amidst the Scandinavian nation saying it apprehended political implications if Telenor suffered losses due to adverse telecom developments in this country. Telecom Minister Kapil Sibal told the Norwegian Trade and Industry Minister, Trond Giske, that the Indian government is committed to protecting foreign investments and ensuring a robust roadmap for them. "There is absolutely no room for...
12:52 AM, May 13, 2012
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