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Move to influence Hawala bench, says Chief Justice
The Chief Justice of India, J S Verma, who heads the bench monitoring the hawala case, said the judges were under pressure to withdraw from the case but declared that the court would not be deterred. This unprecedented statement came at the outset of the hearing of amicus curiae Anil Divan's petition challenging the transfer of former CBI director Joginder Singh.
Legislator turnout in Presidential polls near total
Legislators across the country yesterday cast their vote for the next President of the country in the first ever whipless elections in the country. Vice-President K R Narayanan, appears a sure-shot winner to opponent, former chief election commissioner T N Seshan, who managed to garner the support of only the Shiv Sena and a few Maharshtra MLAs.
DMK is half way out of UF
Tamil Nadu Chief Minister and DMK president M Karunanidhi shocked the UF yesterday when he threatened to withdraw its ministers from the United Front government. A final decision will be taken only on July 27 at the party's general council meeting if and only if the UF does not set its house in order, said Karunanidhi.
Gupta coming to take a hard look at Joshi Govt
Driven into a corner for the last four days, the alliance government of Maharashtra Chief Minister Manohar Joshi will be put through an acid test when Union home minister Indrajit Gupta arrives in Mumbai today to study the law and order situation that has seen a consistent decline since Friday's killing of 11 dalits.
Karnataka, TN agree to protect dreaded bandit Veerappan
In a dramatic climbdown seemingly prompted by the kidnapping of nine forest department officials, the Karnataka government yesterday agreed to the dreaded forest bandit Veerappan's condition to protect his life and pave the way for his surrender.
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New policy proposal to allow CKD/SKD car kits as components with lower duty
The Union cabinet is expected to consider a proposal to amend the policy governing automobile imports in CKD/SKD condition. Under the proposal, car kits, even if brought in as CKD/SKD kits, will be treated as "components" instead of "complete vehicles".
SC bars transfer of disputed Mafatlal Industries shares
The Supreme Court has barred Mafatlal Industries from transferring to third parties any of the shares issued under a disputed 1987 rights issue. The order was given in a special leave petition filed by Mafatlal Industries against Miheer Mafatlal, Arvind Mafatlal's nephew.
Centre to infuse Rs 300-cr to breathe life into ailing Uco Bank
The Centre plans to infuse around Rs 300 crore into the ailing United Commercial Bank (Uco) to help it maintain the mandated capital adequacy ratio of 8%. The bank has also drawn a three year strategic revival plan which has been accepted by the Union finance ministry and the Reserve Bank of India.
Duncans scouts for ally to revive ailing Andhra Cements
Duncans Industries chairman GP Goenka, is scouting for a joint venture partner to revive the ailing Andhra Cements. The Duncans management is studying various options to get the company out of the ambit of the Board for Industrial & Financial Reconstruction (BIFR).
5-member team sets sail to tie up WB loan for coal sector
A five-member delegation led by Coal India (CIL) chairman PK Sengupta is set to represent India in the final round of negotiations for a $1.06-billion (Rs 3,800 crore) World Bank loan to the domestic coal sector. The negotiations are slated for July 17 in Washington.
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