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June 13, 2013 9:24 AM

NDA rift : Mamta discusses Third Front formation with Odisha, Bihar CMs

West Bengal Chief Minister, Mamta Banerjee yesterday spoke to her Odisha and Bihar counterparts on the formation of a federal front amid speculation over the widening rift in the National Democratic Alliance, NDA. JD(U) General Secretary K C Tyagi also had a meeting with Ms. Banerjee in Kolkata in t...

June 13, 2013 9:21 AM

NDA rift : Mamta discusses Third Front formation with Odisha, Bihar CMS

West Bengal Chief Minister, Mamta Banerjee yesterday spoke to her Odisha and Bihar counterparts on the formation of a federal front amid speculation over the widening rift in the National Democratic Alliance, NDA. JD(U) General Secretary K C Tyagi also had a meeting with Ms. Banerjee in Kolkata in t...

June 13, 2013 8:18 AM

FI limit hiked by $5bn in govt securities

In an effort to increase overseas capital inflows to strengthen the rupee, the government has enhanced the limit for foreign investments in government securities by 5 billion US dollars with immediate effect. With the enhancement, the total limit of investments by foreign entities in government secu...

June 13, 2013 8:14 AM

Cauvery Supervisory Committee rejects TN demand for its share of water

The Cauvery Supervisory Committee has rejected Tamil Nadu's demand for its share of water saying that it is not feasible due to the deficit in inflows and very low storage level in the reservoirs in Karnataka.The Committee meeting was chaired by Union Water Resources Secretary S K Das, in which...

June 12, 2013 8:25 PM

Govt to sell 9.33% stake in MMTC to raise 600 crore rupees

The government has decided to sell 9.33 per cent stake in Metals and Minerals Trading Corporation of India (MMTC) tomorrow. The Disinvestment Secretary Ravi Mathur said this while talking to reporters in New Delhi today. The base price has been fixed at 60 rupees apiece which will fetch the governme...

June 12, 2013 4:55 PM

Sensex declines 102 pts to close at new two-month low of 19,041

The Sensex at the Bombay Stock Exchange declined 102 points, or 0.5 percent, to close at a new two-month low of 19,041, today, as weak factory output and sticky inflation dented hopes of a rate cut by the Reserve Bank. The Nifty at the National Stock Exchange dropped 29 points, or 0.5 percent, to 5,...

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