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August 8, 2011 11:32 AM

Both Houses of Parliament adjourned till noon

Both Houses of Parliament were adjourned till noon today after the opposition sought Delhi Chief Minister's resignation following her indictment by the CAG in the Commonwealth Games projects. The issue was raised in the Lok Sabha by the main opposition BJP and JDU whose members wanted immediate...

August 8, 2011 10:13 AM

RBI monitoring situation on impact of US crisis

Noting that India was not insulated from global developments like the credit downgrade of the US, the Reserve Bank today said it was closely monitoring the situation and would continuously assess the impact on the Indian economy and financial markets. The RBI also said the entire policy and regulato...

August 8, 2011 10:01 AM

G7 pledges to support financial stability as nervous markets open

Financial chiefs and central bankers of the G7 nations early today pledged to take all necessary measures to support financial stability and growth as nervous global markets re-opened. A statement issued by them said, they were committed to taking coordinated action where needed, to ensuring liquidi...

August 8, 2011 9:59 AM

Sensex loses more than 500 points in opening trade

Indian stocks plunged deep into the red on Monday morning as the Sensex lost more than 500 points within minutes of the market opening on concerns over the US losing its top-notch credit rating due to mounting debts. The 30-share benchmark index dropped within minutes of opening to 16,793 points, it...

August 8, 2011 9:58 AM

Sensex loses more than 500 points in opening trade

Indian stocks plunged deep into the red on Monday morning as the Sensex lost more than 500 points within minutes of the market opening on concerns over the US losing its top-notch credit rating due to mounting debts. The 30-share benchmark index dropped within minutes of opening to 16,793 points, it...

August 8, 2011 8:45 AM

Govt steps up efforts to unearth black money and prevent tax evasion

Government has stepped up efforts to unearth black money in the country and prevent tax evasion. This includes scrutiny of tax returns, surveys, imposition of penalty and launching of prosecution in appropriate cases. Official sources said, Information Technology is also being used in collection, co...

August 8, 2011 8:43 AM

Oil spill from sunken ship threatens Mumbai's shores

Three days after the Panamian Ship MV Rak sank off near the Mumbai coast, a danger of oil spill became visible on Sunday. The directorate general of shipping is trying to check if there is any rupture in the ship's oil tank. Two Coast Guard vessels and a Chetak helicopter used for spreading oil disp...

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