Politics

Analysts Say Big 4 Could Cut Rates In April Due to Lower Funding Costs

Lower funding costs would allow the big four to cut interest rates on loans in April, while still protecting their profits, analysts said on Friday.

Mar 30, 2012

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Treasury Considers Phase Out of Accelerated Depreciation for Some Industries to Attain Budget Surplus

The Treasury is studying the phase out of accelerated depreciation and research and development tax breaks for some industries for the Gillard government to deliver its promise of a budget surplus by 2012-13.

Mar 30, 2012

Letter Leak Row: Army Chief Denies Leaking Letter to PM

Indian Army Chief General VK Singh has finally broken his silence on the leakage of his letter to Prime Minister Manmohan Singh. He said that he was not responsible for the leak of the confidential letter and termed it as "high treason".

Mar 29, 2012

BRICS Summit 2012: Members to Pressurise Europe, U.S. Over Global Monetary Imbalances

The members of the BRICS group-Brazil, Russia, India, China and South Africa have been united to pressurise the European countries and United States of America over the global economic imbalances and monetary policies, at the ongoing fourth meeting in New Delhi Thursday.

Mar 29, 2012

BRICS Summit 2012: Summit Begins, PM Addresses The Meet

Leaders of the emerging world markets and members of the BRICS countries- Brasil, Russia, India, China and South Africa met in New Delhi for its fourth meeting, Thursday.

Mar 29, 2012

Rajoana Hanging: Centre Stays Death Sentence, SAD Happy

Following protest by several Sikh organizations and clemency plea from Shiromani Akali Dal (SAD)-BJP government, the Centre has stayed the hanging of Balwant Singh Rajoana, who is convicted in the assassination of former Punjab Chief Minister Beant Singh. SAD is happy over the Centre's decision to stay Rajoana's death sentence.

Mar 29, 2012

Procurement Scam: Army Chief Accesses MP's Letter to CBI

After writing a letter to the Prime Minister Manmohan Singh alleging he was offered bribe to clear the purchase of sub-standard trucks, Indian Army Chief General VK Singh has exposed yet another letter written by Trinamool Congress MP Ambika Banerjee alleging 'procurement scams'.

Mar 29, 2012

Mamata Bans Major Newspapers in State Libraries, Invites Public Wrath

The Mamata Banerjee government has invited the wrath of the public by deciding to go ahead with its decision to ban the largest circulated dailies from the libraries in West Bengal. Politicians have criticised the ban of some newspapers from state libraries.

Mar 28, 2012

Letter Leak Row: Army Chief Slammed over His Letter to PM

Indian Army Chief General VK Singh has come under fire over the leak of his letter to Prime Minister Manmohan Singh stating that the country's armed forces do not have ammunitions to defeat the enemy. In a letter dated March 12, the Army Chief questioned the defence capability of the country.

Mar 28, 2012

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TRAI Issues Guidelines to Stop Misleading Tariff Advertisements

Do you think your telecom service provider has been playing an unfair game with you? Have you fallen prey to his exiting advertisements and opted to a plan that you never want to? However, henceforth, this might not happen with you again.

Mar 27, 2012

AK Antony Confirms VK Singh's Revelation About a Bribe Bid

Responding to the latest controversy that has raised the speculations over corruption in the Indian army, Union Defence Minister AK Antony in Rajya Sabha on Tuesday said that he would go to any extent to veto the contracts tainted with irregularities.

Mar 27, 2012

Lok Sabha may Move Censure Motion against Team Anna

After being haunted for a few months over Lokpal Bill, it seems politicians have to decided to give Team Anna a piece of their mind. The Lok Sabha is apparently planning to move a censure motion against social activist Anna Hazare and his Team.

Mar 27, 2012

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Kingfisher Airlines Likely to Lay-off its Employees: Sources

Kingfisher Airlines has been receiving brickbats from all the directions over its massive cut down in its flight operations, undue payments of salaries and outstanding tax amounts, owing to the debt crisis airlines is now mulling to resize its staff department and closing down of office across India in order to cost cut the expenses, said sources.

Mar 27, 2012

Karnataka Wakf Land Scam: Congress in Rs 2 Lakh Crore Land Scam?

Karnataka is hit by another land scam after the land denomination scam hit the BJP. The State Minorities Commission has accused 38 Congress leaders of encroaching Wakf Board land that's worth Rs 2 lakh crore.

Mar 27, 2012

Indian Officers Tutor Election Commission of Maldives on Free & Fair Polls

The Maldives that was recently thrown into a political turmoil after a military coup has now sought India's training to carry out a free and fair trial in the small- inland tourist state.

Mar 27, 2012