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Prime Minister Manmohan Singh has said inflation would come down to 5-6 percent by December and projected an 8.5 percent economic growth for this fiscal.
Government of India has initiated collaborative process of formulation of Open Standards for e-Governance in India with the objective of enabling seamless interoperability of various e-governance solutions developed by multiple agencies, and to promote technology choice and avoid vendor lock-in,
Consumers will have to pay at least Rs 5,000 more to buy a car and up to Rs 2,000 for purchasing a two-wheeler in Delhi as the state government is raising road tax on vehicles. Automakers say this would increase the cost of ownership of their vehicles which could have an adverse impact on sales volume.
Medical care at overseas hospitals could well be within your reach with a number of health insurance providers planning to launch a premium health cover shortly. Health insurance providers, both private and state-owned, are readying products targeted at high networth individuals that would provide a cover of about Rs 50 lakh.
This study examines the recent debate on the need for a new global reserve currency in the context of the recent global financial crisis, which has, to an extent, eroded the confidence in the US dollar as a numero uno global reserve currency and momentum is building up for reforming the international monetary system. Against this backdrop, China is stepping up efforts to find ways to “internationalize” its currency.
In ONGC vs. CCE 104 CTR (SC) 31, the Supreme Court directed the Central Government to set up a `Committee on Disputes’ to monitor disputes between the Government and Public Sector Enterprises and give clearance for litigation. It was held the no litigation could be proceeded with in the absence of COD approval.
THE Supreme Court has severely criticised the Allahabad High Court for introducing ‘novel’ methods to resolve disputes between a power company and consumers. It upheld the claim of the Uttar Pradesh Power Corporation of dues from Amausi Textile Mills Ltd. The high court had appointed one of its retired judges to settle the dispute between the parties over electricity bills. He filed a report in favour of the company.
Striking a cordial note, the warring Ambani brothers today agreed to dump their differences and non-compete agreements saying this would eliminate any room for further disputes. Announcing that they would also expeditiously negotiate gas supply agreement in accordance with the Supreme Court order earlier this month, the groups of both Mukesh and Anil vowed to fulfill vision of their father Dhirubhai Ambani, after whose death they separated following (rpt following) an acrimonious fight.
With the banking sector continuing to wobble under financial woes 14 US banks on an average are folding up every month, while the count of troubled entities — those at increased risk of failure — has jumped to 775. Indicating that the problems plaguing American banks are far from over, the Federal Deposit Insurance Corporation (FDIC) recently warned of more failures.
Under pressure from the government to reveal the surrogate nature of its practices in India, senior officials from PricewaterhouseCoopers have sought a meeting with the corporate affairs minister Salman Khurshid next week to clarify its position.
