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Male banter seals fate of women's quota Bill
At the all-party meeting convened by Lok Sabha Speaker PA Sangma yesterday, MPs refused to knock together a consensus on the controversial bill providing for 33% reservation to women in the Lok Sabha and state assemblies. Union parliamentary affairs minister Srikant Jena stated that the bill has been deferred till the Winter session.
Centre may repeal Migrants Act
The Centre yesterday admitted that the Illegal Migrants Determination by Tribunal (IMDT) Act had been ineffective in expelling foreigners from Assam, and indicated that it would repeal the law if other political parties gave the go-ahead.
Swiss Govt sets conditions for help in HDW submarine probe
The Bofors ghost has come back to haunt the Central Bureau of Investigation (CBI) in an unexpected way in another controversial case. The Swiss Justice Department recently informed the Indian government that it will not extend any assistance in the Rs 460-crore HDW submarine case till the fate of the Bofors case is known.
JMM decides not to join RJD Govt
The Jharkhand Mukti Morcha-S has decided not to join the Rabri Devi cabinet and has instead demanded transfer of nine more departments to the Jharkhand Area Autonomous Council (JAAC).
Kesri needs all his skills in a truncated CWC
Congress president Sitaram Kesri will now have to draw on all his back-room skills to keep things under control in the party after the Congress Working Committee elections sent three of his strong opponents and a host of others who swear loyalty to Sonia Gandhi, into the powerful party panel.
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FIIs allowed to cover debt investments
The Reserve Bank of India has allowed foreign institutional investors (FIIs) to book forward cover for their investments in debt instruments. This step is likely to weaken the rupee and push forward rates to more realistic levels.
Split verdict on Spic-MRL imbroglio
A two-judge division bench of the Madras high court yesterday delivered differing verdicts on a review petition filed by Spic over the implementation of its PTA/PFY projects. While one judge allowed the review and kept the interim injunction in abeyance, subject to some conditions, the other dismissed the review petition.
UTI mulls offshore fund for public sector unit stocks
The Unit Trust of India plans to launch another offshore equity fund, this time targeted at the public sector unit (PSU) stocks. G P Gupta, chairman, UTI, informed that the plan for the launch of this scheme will be finalised over the next fortnight.
Panel backs return to price parity on key fertilisers
The Union farm ministry panel on "Critical Agriculture Inputs - Fertilisers" has recommended the need to bring back the price parity that existed in 1991-92 between urea, diammonium phosphate (DAP) and muriate of potash (MoP).
Centre to sketch oil bonds nitty-gritty soon
The Centre is close to deciding on the modalities for the issue of 10-year bonds to public sector oil companies who are owed money from the oil pool account. The deficit in the pool account is around Rs 15,500 crore.
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