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17 January 1998
  Mulayam goes real soft, finds Sonia a great leader
The Samajwadi Party (SP) seems to be keeping its post-election options open, in the event of the United Front not securing a majority. To this end, SP leader Mulayam Singh Yadav is looking to make peace with the Congress as apparent from his speech yesterday at Lucknow. In his speech, Yadav extolled the virtues of the Gandhi familoy, while also calling Sonia Gandhi a great leader.
  RBI hikes bank rate, cash reserve ratio
The rupee's rapid decline in recent times has forced the RBI to come out with a new set of measures to strengthen the rupee. The key measures are a 2% increase in bank lending rates, a 50% cut in the export refinance cap and a cut in the general refinance limit. Analysts expect the RBI measures to draw about Rs 2,500 crore from the financial system, while also raising interest rates substantially.

Left asserts separate identity in manifesto
In a landmark move yesterday, all the Left parties have released a joint manifesto for the fortcoming polls. The manifesto, -- an indication of the separate identity of Left Parties within the United Front -- while agreeing with the United Front on certain issues, also points out the conflicting interests.
Trinamul, BJP talks fail
The Trinamul Congress, the party floated by rebel Congress MP, Mamata Banerjee, has decided to contest the forthcoming Lok Sabha polls without allying with the BJP. This follows the failure of seat-sharing talks between the BJP and the Trinamul Congress. The Trinamul Congress has now floated a 10-party front for the elections.


Ministry of Surface Transport

Indian Oil Corporation Ltd

Godrej India

 

Hussain emerges as Pak's Man Friday
India lost the second final of the Independence Cup cricket tournament being played in Dhaka to Pakistan yesterday. India, who batted first, after winning the toss, could only manage to score a meagre 189 runs after the top order collapsed against the spin of Mohammed Hussain. Pakistan rattled up the required runs in only the 32nd over, losing just four wickets en route to victory.
Iraq wins first round, UN pulls out team
The United States suffered another setback in its political tug-of-war with Iraq over the composition of the UN team, inspecting weapon sites in Iraq. Iraq had earlier banned the UN team from inspecting sites, claiming that the team leader, Scott Ritter, was a US spy, thereby creating a face-off. The UN has, however, ceded to Iraq's demands by callng back the weapons inspection team from Baghdad.

 


LEISURE
  A nation prays for two gallant pigs
  Alien behind life in Mars: Earth

SPORTS
  Indian spikers down Romania
  Atwal gains entry into JW Classic

EXPRESSIONS
  Call Sonia's bluff
  Creeping forward

BUSINESS
  Intl automatic roaming cleared
  US co picks up 23% in Amara Raja

GENERAL
  Bird flu not a major killer, say experts
  Behind masks: Dumb, dumber & dumbest

POLITICS
  Tushar Gandhi to contest on SP ticket
  After Rao, now Meghe's turn to face the Ramtek nightmare

Shaw Wallace