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
Ramabai Nagar: Firing a fresh salvo at the BSP-led Mayawati government in Uttar Pradesh, Congress leader Rahul on Saturday alleged the money meant for Bundelkhand farmers was misused by minister Naseemuddin Siddiqui. Addressing a rally on the last day of his five-day mass contact programme in the state, he accused state Ministers and officials of siphoning central funds. "Funds were sent for farmers of Bundelkhand region under a special package...
09:56 PM, Dec 17, 2011
Bhubaneswar: Odisha on Friday asked the central government to provide early assistance of Rs 3,265.38 crore for relief and rehabilitation work in regions hit by the September floods. At least 21 of state's 30 districts were devastated by two successive floods and the state government asked the centre to provide assistance of Rs 3,265.38 crore and for release of adhoc assistance of Rs 1,000 crore. "The union government did not...
03:10 AM, Dec 03, 2011
New Delhi: The CBI has started probe into the alleged irregularities in spending Rs 10,000 crore allocated to Uttar Pradesh as central funds under National Rural Health Mission (NRHM), as it registered five preliminary enquiries after orders of Allahabad High Court on November 15. The agency has constituted a big special investigating team comprising 26 officers, including five Superintendents of Police under the overall supervision of Additional Director, Joint Director...
11:42 PM, Nov 19, 2011
New Delhi: Rural Development Minister Jairam Ramesh has written another letter to Uttar Pradesh Chief Minister Mayawati demanding a probe into the misuse of MNREGA funds. Jairam has demanded that the misuse of the fund be probed by the Central Bureau of Investigation (CBI). In a 15-page letter, the rural development minister has given a blow-by-blow account of the MNREGA fund misuse in every district of the state. The second...
09:21 AM, Nov 17, 2011
Kingfisher is trying to reduce its debt from Rs 6500 crore to 3000 crore rupees through a series of measures ...
10:21 PM, Nov 14, 2011
New Delhi: Union Rural Development Minister Jairam Ramesh has hit out at Uttar Pradesh Chief Minister Mayawati over the alleged misuse of National Rural Employment Guarantee Scheme (NREGS) funds in the state. The Union minister dismissed the allegations by the BSP leader that his charges were politically motivated. Ramesh said that there were deliberate instances of embezzlement of NREGS funds in Uttar Pradesh. This comes after Mayawati wrote to Prime...
04:37 PM, Oct 28, 2011
Athens: Debt-saddled Greece moved closer to getting the vital bailout funds it needs to avoid a disastrous default after persuading international debt inspectors to return to Athens and resume reviewing its austerity program. The euro jumped on the news, trading up 0.7 percent at USD 1.370. The common currency and global stocks had been up for most of the day amid growing expectations that Greece will get the next euro8...
02:16 PM, Sep 21, 2011
New Delhi: After targeting Prime Minister Manmohan Singh, former Sports Minister Mani Shankar Aiyar has now dragged Home Minister P Chidambaram's name for failure to check the Commonwealth Games scam. Mani Shankar Aiyar has hit out at Chidambaram for not acting on the basis of his complaints against wasteful expenditure in the organisation of the games. "My letters of complaint were neither acknowledged nor acted upon by Mr Chidambaram who...
01:08 PM, Jul 04, 2011
Mumbai: Corporate giant Reliance Industries' Chief Mukesh Ambani on Friday announced that the company would become debt-free in the current financial year. Announcing a bullish stance on the company's financial position, the Chairman and MD said that RIL would become debt-free on a net basis in the current 2011-12 fiscal. RIL had outstanding debt of Rs 67,397 crore ($ 15.1 billion) as of March 31, 2011, as against Rs 62,495...
12:00 PM, Jun 03, 2011
New Delhi: Worried that high inflation and moderating growth could impact tax collections in 2011-12, the Government on Tuesday indicated that it may go slow on tax refunds and refrain from reducing duties on petroleum products. The indications were given by top revenue official at the annual meeting of senior Income Tax officers here and Finance Minister Pranab Mukherjee, who was present there, agreed with the assessment. Commending I-T department...
07:42 AM, May 25, 2011
The floodgates might just have opened for the Indian mutual fund industry. Indian markets have always been considered to be very attractive for investors in developed markets, but mutual funds in India were never allowed to tap retail investors from abroad. Hence, mutual funds used the Mauritius route to attract international investors into their portfolio management schemes (PMS) or offshore funds. This has often been considered cumbersome and the target...
02:41 PM, Mar 19, 2011
Patna: Demanding fixation of the 2011-12 plan size for Bihar at Rs 24,000 crore, Chief Minister Nitish Kumar on Monday said a dispute had cropped up due to differences in estimates on income from the taxes to be imposed by the state. "Our stand on the issue of fixation of plan size at Rs 24,000 crore for 2011 is justified . I think Planning Commission will approve the plan size,"...
06:52 PM, Feb 14, 2011
Mumbai: Anil Ambani group firm Reliance Mutual Fund today launched a new Gold Savings Fund, a first-of-its-kind investment scheme focused on gold, to tap a market that it expects to become bigger than even equity mutual funds. The new fund, which is different from gold ETFs (Exchange Traded Funds) that require subscribers to have a demat account, will also offer investors the option to invest as little as Rs 100...
04:22 PM, Feb 09, 2011
New Delhi: In order to safeguard Indian markets from money laundering and terror financing risks from Iran, watchdog SEBI has asked market players to be cautious in dealing with entities and funds from that country. The warning has been issued to stock exchanges and other market intermediaries by SEBI through a circular, containing a global financial market caution notice on Iran by the Financial Action Task Force (FATF). FATF is...
04:55 PM, Jan 11, 2011
New Delhi: Planning Commission Deputy Chairman Montek Singh Ahluwalia on Sunday dispelled the impression that India was after NRI funds saying that more than 95 per cent of investment comes from domestic sources. "I think we can get rid of the notion that we are connecting with the NRIs (Non-Resident Indians) because we want investment...we are not reaching out to NRIs because we need money," Ahluwalia said at the Pravasi...
04:08 PM, Jan 09, 2011
Motihari (Bihar): Chief Minister Nitish Kumar on Friday locked horns with Rahul Gandhi over central funds to Bihar and dared the Congress leader to stop the allocation to the state, saying the funds are not given at somebody's 'meharbani' (favour). “Allocation of funds to the state by the Centre is in keeping with settled norms and provisions...it is not at somebody's meharbani (favour)," Kumar told an election meeting here while...
06:02 PM, Oct 15, 2010
Washington: Age did not deter this 67-year-old American, who worked as a teacher in India for a couple of years, from undertaking a 3,831- mile bicycle tour across America to raise $ 14,500 for the education of children in India's rural areas. Lauren Brown, who was born in Meadville, Pennsylvania, taught Chemistry at the Methodist Rural School in Zahirabad in Andhra Pradesh's Medak district from 1964 to 1967 while serving...
11:32 AM, Aug 12, 2010
