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Gujral waits for verdict on Laloo
Prime Minister Inder Kumar Gujral has indicated that the Centre could consider dismissal of the Bihar Chief Minister and imposition of President's rule only in the event of a verdict given by the courts holding Laloo Prasad Yadav prima facie guilty of his involvement in the fodder scam.
Sangma speaks his mind to unruly & disorderly House
After a year in the business of minding unruly MPs, Lok Sabha Speaker P A Sangma seems to have got the hang of it. Ignore them. And if that doesn't work, get tough. On the opening day of Parliament's monsoon session, Sangma faced a group of some 50 slogan-shouting members who converged at the well of the House in front of the Speaker's podium.
Congress riled over remark by Indrajit
Congress members yesterday took strong objection to the reference in Union home minister Indrajit Gupta's statement in the Lok Sabha about allegations of Maharashtra Congress leader Chhagan Bhujbal's association with a leader of gangsters.
Ramabai riots: Govt uses `affidavit' to flog Bhujbal
Eager to prove an Opposition conspiracy in the desecration of the Ambedkar statue at Ghatkopar, the Sena-BJP government yesterday snatched a straw in the wind: an affidavit by an alleged Congress activist of Dhule district accusing Chhagan Bhujbal of planning the whole operation.
MSEB "cleaning" exchequer with waste
The wisdom behind Maharashtra State Electricity Board's (MSEB) decision on buying tube cleaning machinery worth crores of rupees for its power plants has come seriously under question. For one thing, according to knowledgeable sources - though this has been denied by MSEB officials - the new machinery is not needed at all.
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ICICI undercuts banks with new short-term rate at 12.5%
The Industrial Credit & Investment Corporation of India (ICICI) has introduced a new floating rate in the Indian market styled short-term prime rate (STPR). The rate undercuts banks' prime lending rates by a huge margin.
Auditors pick holes in Sicom 1996-97 accounts
The accounts of Sicom Ltd for 1996-97, the leading financial institution owned by government of Maharashtra, has been qualified by its auditors. The auditors have also invited attention for failing to meet the non-banking financial companies (NBFCs) directions, 1977, issued by the Reserve Bank of India.
VSNL net up 23% to Rs 505 crore
Videsh Sanchar Nigam Ltd (VSNL), the exclusive provider of international telecommunication services to and from the country, has announced a net profit of Rs 504.74 crore for the year ended March 31, 1997, an increase of 23.24% on the previous year's Rs 409.56 crore.
ONGC seeks revised retention price for IOC's crude purchases
Oil and Natural Gas Corporation (ONGC) has requested the ministry of petroleum and natural gas to revise the retention price of crude bought by the Indian Oil Corporation (IOC) to Rs 1,991 per tonne from Rs 1,741 per tonne.
CBI begins probe into VSNL-Elnet deals
The Central Bureau of Investigation has initiated a probe into the public sector telecom giant Videsh Sanchar Nigam's deals with Elnet Technologies Ltd (ETL). The Chennai-based ETL, promoted by Thiagaraj Chettiar, wanted by the Tamil Nadu police for alleged financial irregularities involving ETL and Elnet Ltd when he was the managing director of both companies.
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