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PM promises industrythe earth; now to deliver
The Prime Minister and his team which comprised top ministers and secretaries promised the 39 member highlevel industry delegation that they would resolve several of the problems which bedevil the infrastructure sector.
Laloo gives Jharkhand the nod for survival
The Jharkhand movement in Bihar got a fillip when the Uttar Pradesh Assembly adopted an official resolution for creation of a separate Jharkhand state. The resolution was brought forth by the ruling Rashtriya Janata Dal.
No compulsion on UF to stick to formula: Karunanidhi
Tamil Nadu chief minister and DMK president M Karunanidhi struck a conciliatory note by diluting his stand on the compromise formula enunciated by him to resolve the vexed Rashtriya Janata Dal issue.
Latif's allegations kick up dust in Colombo
Colombo was rocked by the latest article in "Outlook" in which former Pakistan wicketkeeper Rashid Latif has made an avalanche of allegations about players' nexus with bookies in matchrigging.
Battling political parties may stall passing of vital Bills
The Gujral government, inspite of listing the Women's Reservation in Legislatures and Lok Pal bills for discussion, remained non-committal on their passage in the monsoon session of Parliament today.
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Gujral holds out hope, promises to plug loopholes
The Indian industry yesterday extracted a bagful of promises from Prime Minister I K Gujral for the infrastructure sector. The interactive session resulted in a number of on-the-spot decisions.
Maharashtra bids goodbye to cess to bag Fiat Palio proj
The Maharashtra government will be sacrificing Rs 400 crore of annual sales tax revenues for bringing Fiat's Palio project to the state. Promoted jointly by Fiat Auto of Italy and the Vinod Doshi family, the Rs 2,000 crore car project will be commissioned at Ranjangaon in Pune district.
DSP Merrill, Morgan Stanley in race for PowerGrid project
Leading merchant bankers including DSP Merrill Lynch, Morgan Stanley, Fuji Bank, Society General and ABN Amro are in the race to formulate long-term financial strategies and resource mobilisation efforts of public sector PowerGrid Corporation of India Ltd (PGCIL).
NSE climbs down on indemnity bonds
The National Stock Exchange (NSE) has withdrawn the requirement for its members to furnish personal indemnity bonds. It has also decided to withdraw the facility of the clearing corporation paying upfront the dues of members who introduce bad paper in transactions.
Coal bed methane to be freely marketed
Coal bed methane producers will henceforth be allowed to freely market the gas, expected to emerge as a cost-effective and clean fuel for power and fertiliser plants. Prices, however, will be administered by the Centre.
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