New Delhi: The Income Tax department is all set to cancel the charitable status of yoga guru Baba Ramdev's trust Patanjali Yogpeeth. The department found that while the income of the trust was over Rs 72 crore, it had claimed its income is nil. Ramdev's adviser Ved Pratap Vaidik reacting to the news, said, "Ramdev has no personal interest and they are saying he is making business. What health department...
10:36 AM, Aug 28, 2012
Patna: Bihar government has decided against depositing funds in 21 public and private sector banks for their failure to provide loans to borrowers on the four-point criteria, Deputy Chief Minister Sushil Kumar Modi said on Tuesday. These 21 banks, including Axis Bank and ICICI Bank, have scored qualification marks of 25 points out of 100 fixed by the state government, he said. The points are meant to assess their performance...
05:21 PM, Aug 21, 2012
Chennai: Tamil Nadu Chief Minister J Jayalalithaa has written to Union Rural Development, Drinking Water and Sanitation Minister Jairam Ramesh, demanding that funds be made available to Tamil Nadu immediately, under the National Rural Drinking Water Programme (NRDWP). She pointed out that Ramesh had promised that the funds for the project would be made available by June 5, but that was yet to materialise. Jayalalithaa recalled the praise that the...
12:08 PM, Jul 16, 2012
New Delhi: Centre has refused to release funds to the tune of Rs 168 crore to West Bengal Government for drinking water projects, pointing out that the amount disbursed earlier had not been spent by the state. The development comes amid strains in relations between Congress and Trinamool Congress over Presidential elections in which Mamata Banerjee has so far not committed her support to UPA Presidential nominee Pranab Mukherjee. Trinamool...
02:58 AM, Jul 09, 2012
Frankfurt: The European Central Bank cut its benchmark interest rate to a record low Thursday to spark economic growth but gave little sign it would take further action soon to ease Europe's financial crisis. By cutting its key refinancing rate by a quarter percentage point to 0.75, a move that was widely expected, the ECB sought to give Europe's sagging economy a lift by making it cheaper for businesses and...
07:33 AM, Jul 06, 2012
New Delhi: Uttar Pradesh Chief Minister Akhilesh Yadav's largesse to the MLAs failed to get the anticipated support from the political parties with his bitter rivals - the BJP and the BSP - rejecting the proposal that the legislators can use Constituency Development Funds to buy personal vehicles. Akhilesh said each of the 403 MLAs in the Uttar Pradesh Assembly can use up to Rs 20 lakh out of the...
01:12 PM, Jul 03, 2012
Jammu: Announcing an increase in central funds for the state under NRHM from 85 to 90 per cent, Union Health and Family Welfare minister Ghulam Nabi Azad on Saturday offered special incentives to doctors serving in rural areas in Jammu and Kashmir. Under the National Rural Health Mission, the share of central funds for the state has been increased to 90 per cent and the Jammu and Kashmir government will...
05:10 AM, Jun 24, 2012
Stockholm: The prize money given to Nobel laureates is to be cut by a fifth, the foundation behind the prestigious awards said on Monday, after a decade of overspending that has stretched its finances. The Nobel Foundation said the money for the awards, given for excellence in the fields of science, literature and peace, would fall to 8 million Swedish crowns ($1.12 million). The capital that forms the base for...
01:20 PM, Jun 12, 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
Hyderabad: Chief minister Kiran Kumar Reddy called on Prime Minister Manmohan Singh on Thursday and requested allocation of additional gas to the state, in addition to Rs 3,000 crore assistance for drought relief and Rs 1,028 crore for the upcoming Conference on Biodiversity. Further, he lobbied the PM for national status for the Polavaram and and Pranahita-Chevella projects. The chief minister requested an allocation of 3 mmscmd more of gas...
09:41 AM, Apr 06, 2012
New Delhi: Pitching for quota and governance reforms in the International Monetary Fund (IMF), India and Britain on Monday said the funds of the multilateral lending agency should be adequately increased to help it play a meaningful role in mitigating global economic problems. "Both sides (India and the UK) are committed to ensuring that the IMF is adequately resourced to play its systemic role in the international financial system in...
01:40 AM, Apr 03, 2012
United Nations: India has given over $4 million to the UN Democracy Fund (UNDEF), bringing to nearly $30 million its total contribution to the entity launched in 2005 by Prime Minister Manmohan Singh and the then US President George Bush for promotion of democratic values. India's Permanent Representative to the UN Hardeep Singh Puri handed over a cheque for $4.17 million on Friday to UN Secretary General Ban Ki-moon. Ban...
05:27 AM, Apr 01, 2012
Islamabad: Pakistan on Thursday said it would explore the possibility of getting Russian funding for a multi-billion dollar gas pipeline project with Iran after a leading Chinese bank backed out of the venture over fears of sanctions imposed by Western countries. "Pakistan's technical delegation will visit Moscow early next month to have discussions on this subject," Foreign Office spokesman Abdul Basit told a weekly news briefing in response to a...
05:31 PM, Mar 29, 2012
Pune: Mayor Mohansingh Rajpal has been accused of misusing the mayor's fund for personal gain. The allegation was made by RTI activist Mahendra Dhavade on the basis of a brief account statement obtained from the Pune Municipal Corporation (PMC) Information Office. Rajpal refuted the allegation, calling it an attempt to malign his image at a time when elections were nearing. Urging Municipal Commissioner Mahesh Pathak to conduct an inquiry, Dhavade...
12:46 PM, Jan 25, 2012
New Delhi: Indicating signs of possible funds related to crime and terror trickling into the Indian casino sector, a government report has said that more than 7,000 instances of suspicious transactions have been detected in the elite gaming business during the last financial year. A total of 7,006 Suspicious Transaction Reports (STRs) during the 2010-11 fiscal have been reported by the casino business and allied payment operators to the Financial...
12:59 PM, Jan 22, 2012
He has worked in the Indian mutual fund industry for more than 15 years. He picks tomorrows blue-chip stocks from todays numerous mid-cap companies. Investment philosophy: He hitched his fund wagon to the theme of consumption and food inflation more than two years ago and his top picks too have remained the same over that period. Other interests: Stays in Mumbai and is slightly partial to Totos, that classic of...
01:09 PM, Jan 17, 2012
London: In a Hollywood-style heist, a group of thieves prepared for months and dug a 100-feet tunnel to reach an ATM only to get away with 6,000 pounds due to limited funds in the machine. In order to lay their hands on extra cash, the thieves put in elaborate planning and work in digging a 100-feet tunnel under a building to reach a cash machine. The labour-intensive robbery saw the...
03:14 PM, Jan 14, 2012
New Delhi: The Delhi government has served a show cause notice on Swami Agnivesh for alleged fudging of bills and told him to refund an "unspent" amount of Rs 2.23 lakh out of total grant of Rs 18 lakh given to his NGO to carry out a survey on bonded labourers in the city. The Revenue department has given 10 days' time to the activist as chairman of Bonded Labour...
01:03 PM, Jan 04, 2012
New Delhi: Stating that its role was limited to ensuring conduct of free, fair and peaceful polls, the Election Commission on Tuesday clarified it was not monitoring fund raising by Team Anna for its campaign against the Congress in the five poll-bound states. In a statement, the Commission said that its concern was limited to the extent that such campaigns were not inflammatory and did not create disharmony between different...
09:23 PM, Dec 27, 2011
New Delhi: With the first of the 27 Boeing 787 Dreamliners for Air India expected to arrive next month, the cash-strapped national carrier has decided to sell and leaseback seven of them and has started looking for bridge financing worth $230 million. While the first of these much-delayed planes would be delivered by the American manufacturer in January, the second one would come in March, the third in April and...
03:48 PM, Dec 24, 2011
