Russian President Vladimir Putin has signed a law banning foreign banks from opening branches in the country, the government website said. The bill was adopted by the State Duma Februsry 22, 2013, and approved by the Federation Council March 6, 2013. ...
04:30 AM, Mar 16, 2013
In a bid to boost scientific innovations that can improve the life of the common man, the government on Thursday announced setting up of a Rs 2,000-crore fund to help encourage and finance such products. Presenting the General Budget in Lok Sabha, Finance Minister P Chidambaram said that Ministry of Science and Technology, Ministry of Finance and Principal Scientific Advisor to the Government have identified a few amazing science and...
02:38 PM, Feb 28, 2013
The government on Thursday said that "if required" it will allocate more funds during the next financial year for the development of world class industrial cities proposed under the Delhi-Mumbai Industrial Corridor (DMIC) project. "In order to dispel any doubt about funding, I wish to make it clear that we shall provide, if required, additional funds during 2013-14 within the share of the Government of India in the overall outlay...
02:20 PM, Feb 28, 2013
Developers apex body CREDAI has called for an inclusive housing policy in the upcoming Union Budget 2013-14 which will be announced on February 28. In his Budget wish list, submitted to the finance ministry, CREDAI's national president Lalit Kumar Jain suggested that tax exemption for small houses of under-60 sq meters of carpet area be allowed. ...
11:48 AM, Feb 19, 2013
Uttar Pradesh Chief Minister Akhilesh Yadav will present his second budget in the state Assembly on Tuesday amid allegation of non-spending of funds sanctioned during the previous budget. ...
10:25 AM, Feb 19, 2013
Central government funds of Rs 78 crore, meant for hosting the Portuguese Commonwealth Games in Goa in 2013, have "disappeared", Chief Minister Manohar Parrikar said Saturday. "Rs 78 meant to be utilised for sports infrastructure has disappeared. They were central funds," Parrikar told a sports gathering. ...
12:30 PM, Feb 16, 2013
The economy of the 17 nations in the Euro shrank by 0.6 per cent in the fourth quarter, which was worse than forecast. ...
10:00 AM, Feb 15, 2013
Year after year residents of Mumbai suffer from bad roads and water cuts - while the assets of the members of the BMC continue to grow. Even much of the Rs 27000 crore allocated for the BMC remain unused. ...
07:20 AM, Feb 06, 2013
Private equity funds invest over a seven to nine year cycle, so investments that were made in 2006 to 2008 will be the ones that will be ready for harvest. Unfortunately, many of those investments were made on business plans that don't look very achievable now. They all assumed a strong economic growth environment. This problem will be more for some sectors such as industrial goods as opposed to, say,...
11:43 AM, Jan 04, 2013
Refuting charges that the Union Government was biased in allocating funds for Tamil Nadu, Union Minister for Chemicals and Fertilisers MK Alagiri on January 1 said whatever allocation was made to the state during DMK rule is being made now. "The chief minister (Jayalalithaa) is deliberately making such statements for political reasons.She is giving political cover to ordinary issues," he said when asked about Jayalalithaa's reported charge that the Centre...
05:44 PM, Jan 01, 2013
WikiLeaks founder Julian Assange accused "hard-right" US politicians on Tuesday of pressing European credit card firms to block more than $50 million of donations to the website that published thousands of secret US diplomatic cables. ...
01:53 AM, Nov 28, 2012
Thiruvananthapuram: India's first biennale art festival Kochi-Muziris Biennale 2012, to be held in Kerala next month, appears to be heading for trouble after a leaked report revealed that the government has recommended a probe against the organisers for misuse of funds. The report of the inspection wing of the state finance department, which found its way to the media, says the government should "blacklist" organisers Kochi Biennale Foundation (KBF) for...
10:34 AM, Nov 12, 2012
Lucknow: Does Mahatma Gandhi belong to the Congress? In Uttar Pradesh, it would seem so as a Right to Information (RTI) poser has revealed that the state government "does not allocate any funds for celebrating the birth anniversary of Mahatma Gandhi." In response to a query by RTI activist Gaurav Agarwal, the National Integration Department has said that though funds are available for other leaders like Bhimrao Ambedkar and Sardar...
03:45 PM, Nov 08, 2012
New Delhi: Infosys founder NR Narayana Murthy on Tuesday clarified that no funds were donated to the Public Cause Research Foundation, an organisation led by IAC leader Arvind Kejriwal for any political activities as reported by a section of the media. "When Kejriwal approached me in September 2012 asking for financial assistance, I declined. Hence, I have not financially supported Mr Kejriwal's political activities," stated Murthy. A released statement had...
03:58 PM, Nov 06, 2012
New Delhi: Law Minister Salman Khurshid, who is embroiled in a controversy over allegations of misappropriation of funds by his trust, has put off his Haj pilgrimage, according to sources close to him. His decision to put off the week-long visit for Haj also comes amid speculation of an impending reshuffle in the Union Cabinet. Khurshid was scheduled to leave for Haj on Sunday. He has been under attack from...
06:54 PM, Oct 21, 2012
New Delhi: Union Law Minister Salman Khurshid's wife Louise Khurshid's defamation suit against TV Today group will come up for hearing in Delhi High Court on Friday. Louise had accused the television network of maligning her family and sought damages worth Rs 1 crore. The TV Today group aired a sting operation about how Khurshid's trust for the disabled had forged signatures to acquire funds. Advocate Abhimanyu Bhandari had filed...
07:44 AM, Oct 19, 2012
New Delhi: Social Welfare Minister Mukul Wasnik said on Monday that funds were sanctioned to Union Law Minister Salman Khurshid's NGO, the Zakir Hussain Memorial Trust, on the basis of merit in 2003 by the NDA government and that the funds would not be scrapped. "The money was given to the trust on merit. It would be unfortunate if we scrap the money sanctioned," said Wasnik. He refused to comment...
01:31 PM, Oct 15, 2012
New Delhi: TV Today, that carried out a sting operation on Union Law Minister Salman Khurshid's trust for the differently-abled, the Zakir Hussain Memorial Trust, revealing alleged misuse of funds, has issued a statement saying that it stands by its story. Salman Khurshid on Sunday had called for TV Today Chairman and MD Aroon Purie to resign. The statement by TV Today said, "This is not a matter of debate...
10:54 AM, Oct 15, 2012
New Delhi: Arvind Kejriwal-led India Against Corruption (IAC) members on Sunday protested at the Delhi Airport as Union Law Minister Salman Khurshid arrived in the country after a sting operation by a news channel alleged that an NGO, owned by him and his wife, was involved in cases of financial misappropriation and forgery, a charge denied by the couple. The IAC members will take out a rally against Khurshid and...
10:50 AM, Oct 14, 2012
New Delhi: Blackmailers, rabble-rousers, third rate people doing third rate things - these are the words that Union Law Minister Salman Khurshid used to describe activist-turned-politician Arvind Kejriwal and members of India Against Corruption (IAC), who have levelled charges of corruption against him and his wife, Louise. Khurshid, who was in London for the past two days, returned to India on Sunday. His wife Louise had said that Khurshid would...
07:34 AM, Oct 14, 2012
