|
Paswan to defy Thackeray ban
The Janata Dal has passed a resolution condemning the reported banning of the entry of Union Railway Minister Ram Vilas Paswan into Maharashtra by Shiv Sena chief Bal Thackeray and stated that the Union minister would visit Mumbai on August 8, defying the ban.
Women's quota Bill further divides Dal
The lull in the Janata Dal over the Women's Reservation Bill broke into a pandemonium at the National Council meeting of the party when the leadership attempted to pass the political resolution. Angry leaders demanded that the bill should provide a quota for the the backward classes and the minorities.
Mishra leads Cong revolt
Close on the heels of a split in the Janata Dal (JD) with former Bihar Chief Minister Laloo Prasad Yadav forming the Rashtriya Janata Dal (RJD), another senior leader Jagannath Mishra yesteray openly revolted against the party high-command and announced formation of the Congress Bachao Manch.
JD call to decentralise economic planning
The Janata Dal has called for discarding the legacy of the highly Centralised planning in the light of dismal performance during the past eight Five-Year Plans. This should be replaced by decentralisation in the formulation as well as implementation of the Ninth Plan.
BJP will not oppose women's reservation Bill
The BJP will see that the draft bill giving 33% reservation for women gets through when it comes up before Lok Sabha, Bharatiya Janata Party National General Secretary Pramod Mahajan stated yesterday. The bill will come up in this session of Parliament and no BJP member will oppose it.
|
Industrywide bank wage settlements may be scrapped
The Union finance ministry is drawing up plans to dismantle the three-decade-old industrywide wage settlement in the banking sector. The bank unions have vowed to resist any attempt to abolish the industrywide wage settlement tooth and nail.
MTNL may trim GDR issue to $700 mn
Mahanagar Telephone Nigam is planning to scale down the size of its global depository receipts issue to $ 700 million from the $ 850 million proposed earlier. International fund managers confirmed that the company would slash the issue size if the GDR price was not attractive.
Cochin Refineries appoints restructuring committee
Cochin Refineries has appointed a committee to work on a detailed restructuring proposal. The team, which held a series of talks with the top officials of the company, is expected to begin its study and subsequent recommendations on restructuring the refinery's operations.
Two Shaw Wallace arms face RBI action
The Reserve Bank of India has detected violations of its directives by two Shaw Wallace subsidiaries. The two investment and finance subsidiaries have allegedly contravened RBI directives on acceptance of deposits, intercorporate deposits and investment in government securities.
IFCI plans golden jubilee bonds
The Industrial Finance Corporation of India is contemplating to launch Golden Jubilee Bonds to coincide with the 50 years of Indian independence as well as that of the Corporation. The corporation will provide some additional benefits as part of the celebrations.
|
|
