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May 11, 2012 12:45 PM

‘Discipline to be maintained if national carrier has to survive’

Civil Aviation Minister Ajit Singh has said that the government is willing to talk with any Union of Air India but stressed that discipline has to be maintained if national carrier has to survive. He said, pilots should call off their strike especially when it is vacation time and all Unions have to...

May 11, 2012 12:45 PM

Delhi HC refuses to suspend sentence awarded to Bangaru Laxman

The Delhi High Court today refused to suspend the sentence awarded to former BJP President Bangaru Laxman in a graft case, on his appeal filed against his conviction and sentencing by the trial court. Issuing notice to CBI on the appeal of Laxman, Justice Mukta Gupta sought its response by July 5. H...

May 11, 2012 12:32 PM

Rupee continues to fall against dollar despite RBI’s initiative

In spite of the measures taken by Reserve Bank to arrest the declining value of rupee against the dollar, the Indian currency declined 18 paise, to 53.60 against the American currency in the late morning trade. Forex dealers say that fresh demand for dollars from banks and importers in view of a fir...

May 11, 2012 10:02 AM

Cabinet clears proposal to procure 75 aircraft to train IAF Pilots

Government has cleared a proposal worth over Rs 2,800 crore for procuring 75 Pilatus aircraft from Switzerland to train Indian Air Force rookie pilots.The decision was taken at a meeting of Cabinet Committee on Security (CCS) last evening chaired by the Prime Minister Manmohan Singh. Defence Ministr...

May 11, 2012 10:01 AM

Registration with RBI mandatory for micro finance institutions

The government has approved micro financial sector (development and regulation bill,2011).The decision was taken in the Cabinet meeting held in New Delhi yesterday which was chaired by the Prime Minister Dr. Manmohan Singh.The bill proposes to make it mandatory for micro-finance institutions to be r...

May 11, 2012 9:35 AM

Rajya Sabha passes the bill to Protect Children from Sexual abuse

The Rajya Sabha passed the Protection of Children from Sexual Offences Bill, 2011 by a voice vote. The bill provides for protection of children from offences of sexual assault, sexual harassment and pornography and provides for establishment of special courts for trial of such offences. Piloting the...

May 11, 2012 9:35 AM

Cabinet clears a proposal to procure 75 aircraft to train IAF Pilots

Government has cleared a proposal worth over Rs 2,800 crore for procuring 75 Pilatus aircraft from Switzerland to train Indian Air Force rookie pilots. The decision was taken at a meeting of Cabinet Committee on Security (CCS) last evening chaired by the Prime Minister Manmohan Singh. Defence Minist...

May 11, 2012 9:34 AM

Registration with RBI made mandatory for micro finance institutions

The government has approved micro financial sector (development and regulation bill,2011).The decision was taken in the Cabinet meeting held in New Delhi yesterday which was chaired by the Prime Minister Dr. Manmohan Singh. The bill proposes to make it mandatory for micro-finance institutions to be ...

May 10, 2012 9:02 PM

SC allows govt to withdraw petition seeking review of 2G judgement

The Supreme Court today allowed government to withdraw its petition seeking review of the 2G judgement. The apex court criticized the government for circulating a letter on its intention to various parties linked to the matter. It granted withdrawal of the review petition on the oral request made by...

May 10, 2012 8:58 PM

Parliament witnesses noisy scene over Aircel Maxis deal issue

Home Minister P Chidambaram today categorically said that neither he nor his family members have shares in the telecom company AIRCEL or Maxis. Making a statement in the Lok Sabha in response to the allegations by BJP leader Yashwant Sinha, Mr. Chidambaram termed it unfortunate. He regretted that th...

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