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OBC forum demands quota in women's Bill
The women's reservation Bill continued to run into trouble in the Parliament. The Bill was vehemently opposed by the section of the United Front members. Besides, the multi-party forum of MPs belonging to Other Backward Classes (OBCs) also issued a veiled threat.
Elders clamour for overdue pay hike
The Union information and broadcasting minister Jaipal Reddy assured members that the government would take a "very quick and favourable" decision on raising MPs' salaries and allowances. The government was aware that salaries had not been raised for nine years, he said.
Bodo militants execute 13 in Assam
Bodo militants killed 13, executing six after tying them to a tree, as extremist violence escalated in Assam since last night, police said.
Badla "leak" pulls down Sensex
The decision of the Securities and Exchange Board of India (SEBI) to defer a decision on introducing a market-friendly carry-forward trading (badla) created tremors on the stock markets. Consequently, Sensex fell by 56 points.
Clinton refuses to toe Congress line
Bill Clinton became the first United States (US) President to use the line-item veto, striking three measures from the federal budget deal he recently reached with lawmakers. The President's line-item veto can be over-ridden by a two-thirds majority of both Houses of Congress.
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Sengupta panel moots diesel, LPG price hike
The prices of diesel will have to be raised by Rs 1.79 a litre and that of LPG by Rs 38.85 per cylinder if the government accepts the report of the Sengupta committee on oil price adjustments.
NSE debt deals spurt to Rs 1,831 crore
The wholesale debt market segment of the National Stock Exchange (NSE) saw a record turnover on Tuesday with deals worth Rs 1,831.27 crore being struck. The newly-issued 11.19% central government security hogged the limelight with fifty deals being struck for Rs 924 crore.
Centre may waive part commitment fee for select power producers
The Union petroleum ministry has agreed to give a 25% rebate in commitment charges payable by independent power producers (IPPs) to national oil companies. However, this rebate will be applicable only for IPPs, who use fuel oil for their power plants and have plants situated at ports.
HPCL to aid Mangalore Refinery update via debt subscription
Hindustan Petroleum Corporation (HPCL) will invest Rs 363 crore in fully convertible debentures (FCDs) of Mangalore Refinery and Petrochemicals (MRPL) to finance the cost of its expansion. Shareholders' approval to make this investment will be sought at the corporation's August 29 annual general meeting.
Goodyear plans Rs 350-crore expansion through venture
Goodyear is planning a Rs 350-crore expansion of its production capacity through South Asia Tyres Ltd (SATL), its 50:50 joint venture with the RPG group company, Ceat. The production unit of the joint venture has been set up at Aurangabad in Maharashtra with an installed capacity of one million tyres per annum.
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