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September 16, 2012 8:35 PM

Power generation in Koodankulam plant to start by Oct

Minister of State in Prime Minister's Office Sh V Narayan Swamy said that the power generation in Koodankulam Nuclear power plant will start by October. Speaking to reporters at Madurai airport today, he said that clearance of Atomic energy regulatory board expert committee is expected in a day or t...

September 16, 2012 8:35 PM

India, Maldives agree to step up cooperation in defence

India and Maldives today agreed on a slew of measures to step up their cooperation in defence and security related issues. The two sides also agreed to work closely towards stability in the region and ensure maritime security in the Indian Ocean. Marking a new high in the defence cooperation between...

September 16, 2012 1:22 PM

FM advocates direct transfer of fuel, fertilizer and food subsidies

Finance Minister P Chidambaram has advocated for direct cash transfer of fuel, fertiliser and food subsidies that can help in reduction of the subsidies. He said, Pilot projects are already under implementation for LPG and kerosene and in the first phase government is considering to extend the direc...

September 16, 2012 9:46 AM

India's energy prices are out of line with world prices: PM

The Prime Minister Dr. Manmohan Singh has justified the diesel price hike saying it is an important step in the right direction. Addressing the 12th Plan Meet in New Delhi he said, energy is a difficult area and our energy prices are out of line with the world prices. He said rational energy pricing...

September 16, 2012 9:45 AM

Inter-Ministerial Group recommends de-allocation of three more coal blocks

The Inter-Ministerial Group has recommended de-allocation of three more coal blocks due to insufficient progress. These include SKS Ispat and Power Ltd in which Tourism Minister Subodh Kant Sahai's brother allegedly had a link.With this, the total number of coal blocks recommended by the IMG to...

September 15, 2012 8:33 PM

Planning commission Pegs growth rate at 8.2% for 12th plan

Deputy Chairman of Planning Commission Montek Singh Ahluwalia says, it is absolutely vital for the Indian economy to achieve a turn around in the second half of the current year to gradually achieve 9 nine percent growth by the end of the 12 plan period. He was breifing newmen in New Delhi on Saturd...

September 15, 2012 8:27 PM

FM suggests creation of National Investment Board for clearance of projects

The Finance Minister P Chidambaram has suggested creation of National Investment Board for speedy clearance of mega projects. He said the board headed by the Prime Minister Dr. Manmohan Singh may take a investment proposals above 1000 crore rupees in the infrastructure sector. He said, the gross bud...

September 15, 2012 7:33 PM

PM justifies price hike in diesel, FDI in Retail sector

The Prime Minister Dr. Manmohan Singh has justified the diesel price hike saying it is an important step in the right direction. Addressing the 12th Plan Meet in New Delhi this morning, Dr.Singh said, energy is a difficult area and our energy prices are out of line with the world prices. He said rat...

September 15, 2012 6:05 PM

Growth target of 8.2 percent for 12th plan realistic: Montek

Deputy Chairman of Planning Commission Montek Singh Ahluwalia says, it is absolutely vital for the Indian economy to achieve a turn around in the second half of the current year to gradually achieve 9 nine percent growth by the end of the 12 plan period. He was breifing newmen in New Delhi on Saturd...

September 15, 2012 4:45 PM

Govt's aim not just GDP but inclusive, sustainable growth: PM

The Prime Minister Dr. Manmohan Singh has said that the aim of the government is not just growth of GDP but an inclusive and sustainable growth. Emphasising that Scheduled Castes, Scheduled Tribes and the weaker sections must participate fully in the growth process, he said the most important area f...

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