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Guns are out for Laloo, complains a bitter Bihar CM
Janata Dal (JD) working president Sharad Yadav yesterday came out in the open with a call for his rival Laloo Prasad Yadav's ouster as Bihar Chief Minister. The issue became evident when the Congress, the biggest ally of the United Front (UF), advised him to resign in the best democratic traditions.
Race for Narayanan's successor hots up
The battle for the post of India's next Vice-President is on with at least two serious contenders from the Congress throwing their hats in the ring. While Rajya Sabha Deputy Chairperson Najma Heptulla's name has been doing the rounds for quite some time now, her party colleague Margaret Alva has also entered the fray.
Chaos over VDIS
Revenue Secretary N K Singh has stated that people being prosecuted under FERA, or even those against whom inquiries have already been launched, cannot declare this income under the Voluntary Disclosure of Income Scheme (VDIS) to made operational from July 1 till December 31, 1997.
DMK accuses Centre of adopting dual policy
The ruling Dravida Munnetra Kazagham (DMK) party has charged the Centre with having adopted a dual policy while dealing with LTTE. It said central agencies never drew the attention of the state government regarding any militant activities in the state before the assassination of former prime minister Rajiv Gandhi.
The widows of Latur
Four years after the devastating earthquake in Latur on September 30, 1993, nearly 1,500 widows have not re-married. Many of the widowers, on the other hand, who outnumber quake widows by seven to one, have been able to remarry.
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Finance ministry, CBDT at odds over VDIS immunity
The high-profile launch of the voluntary disclosure of income scheme in Delhi proved to be an anti-climax with all-round confusion prevailing over the status of FERA violators and the magnitude of the search and seizure operations during the six-month tenure of the scheme.
ACC net slumps 66% to Rs 77 crore
Cement major ACC has reported a 66% cent drop in net profit to Rs 76.92 crore for the year ended March 1997. This is despite an increase in turnover by 5.8% from Rs 2,333.46 crore to Rs 2,469.22 crore.
Two-dose hike in NBFCs SLR
The Reserve Bank of India has raised the statutory liquidity ratio (SLR) of non-banking financial companies (NBFCs) by 5 percentage points. It has also asked NBFCs to keep SLR securities in the custody of scheduled commercial banks which can be withdrawn only for repayment to depositors.
Revised private investment policy on power on anvil
The Union power ministry will soon come out with an updated private investment policy as an alternative to counter guarantee to make investment in this sector more rewarding.
HTA, O&M may team up for media-buying agency
Hindustan Thompson Associates (HTA) and Ogilvy & Mather (O&M), among India's top advertising agencies, are firming up plans to jointly set up a media-buying agency.
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