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Joshi must go: Congress
The Congress camp, with party president Sitaram Kesri's "fact-finding team" led by Member of Parliament Priyaranjan Das Munshi finding the ruling alliance culpable for the deteriorating law and order situation, has indicated that nothing less than the dismissal of the Manohar Joshi government would be acceptable to the party.
Crucial UF meet to thrash out Vice-Presidential issue
Even though the JD and the Left parties stepped up their diatribe against Bihar CM Laloo Prasad Yadav on the eve of the crucial standing committee meeting, the UF is not likely to decide on the inclusion of the Rashtriya Janata Dal and the continuance of its three ministers in the Union government. However, the Vice-President's issue will be the core issue before the committee.
Advani denies retirement plans
Bharatiya Janata Party president L K Advani has scotched speculation about his impending retirement, saying that he had "no intention" to not contest an election in the future or to quit public life.
Action against Veerappan halted
The operations to arrest dreaded poacher Veerappan have virtually come to a standstill as the Special Task Force (STF) personnel of Karnataka have been instructed to stay put in the camps till the Karnataka government finalises a course of action.
Hijacking the Congress agenda
After two months on the road, L K Advani is back in the Capital. In a journey that covered almost the entire country, the BJP chief tried to drive home two points. One, in order to come to power in Delhi, his party was trying for a change of image. Two, departing from the pan-Indian rhetoric, the party was willing to play the regional card wherever it suited it.
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ONGC projects steep fall in profits
The Oil and Natural Gas Corporation has targeted a net profit of Rs 872.28 crore for 1997-98, which is far below the figure of Rs 2,033.65 crore reported in March 1997. However, the company is confident of surpassing this estimate.
Reliance Industries plans to source short-term FCNR(B) loans
Reliance Industries is negotiating with a clutch of domestic banks for raising foreign currency non-resident (FCNR-B) loans to fund its working capital requirements. The company is planning to source FCNR(B) loans at 100 basis points over Libor.
French major plans nuclear power unit with BK Modi
Electric de France has submitted a proposal to the power ministry for setting up a 1000 mega watt nuclear power project in colloboration with the BK Modi group, at an investment cost of Rs 5500 crore.
GDP growth belies sceptical forecast, stays at 6.8%
The Centre released revised economic growth figures for the past financial year that went above recent predictions. The revised estimate for gross domestic product growth in 1996-97 over the previous year was unchanged at 6.8%.
Nalco Chemicals set to hike stake to 80% in arm
US-based Nalco Chemicals is set to raise its stake in its domestic arm, Nalco Chemicals India, to 80% from the current 65%. After the completion of the formalities for acquisition, the company will have the unique distinction of being the only multinational in the country, where the holding company has an 80% stake.
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