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News from January 2009

RBI may allow Rs 50,000 purchases through smart cards

The Reserve Bank came out with draft guidelines allowing purchases of up to Rs 50,000 through pre-paid instruments such as smart cards, mobile purse and paper vouchers by banks and other entities. “These instruments can be used for purchase of goods and services… for up to Rs 50,000,” said the proposed guidelines on which the [...]

Tata Motors posts net loss in Q3 at Rs 263.26 cr

Auto major Tata Motors on Friday posted a net loss of Rs 263.26 crore for the third quarter ended December 2008, against a net profit of Rs 499.05 crore in the corresponding period last fiscal. The total income from operations declined 34.38 per cent to Rs 4,758.62 crore during the third quarter of the current [...]

Indian economy to remain on fast track: Nath

The Indian economy is expected to remain on a fast track of 7-7.5 per cent expansion in the next fiscal beginning April despite a gloomy outlook for the world economy, Commerce and Industry Minister Kamal Nath said in Davos. Nath’s optimism contrasts with the International Monetary Fund (IMF) downgrading growth projections for India to 5.1 [...]

US lawmakers urge Clinton to aid Gaza

Sixty US lawmakers have urged Secretary of State Hillary Clinton to give emergency funds to the UN relief agency for Palestinian refugees to help rebuild the Gaza Strip after its war with Israel. In a letter dated on Tuesday, the House Democrats also said Israel should allow critically ill patients to be transported out of [...]

Iraqi police impose curfew, vehicle ban in Mosul

Iraqi police imposed a curfew on Friday in the northern city of Mosul, banning vehicles and barring its residents from leaving their homes until they go to cast their ballot in this weekend’s provincial elections, an Iraqi police official said. It was the first step in a series of blanket security measures scheduled to take [...]

Govt hikes unemployment benefits in view of financial crisis

In the wake of global economic slowdown, the Central govt has raised the unemployment benefit cover provided to the Employees State Insurance Corporation (ESIC) beneficiaries from an existing six months to one year. The ESIC board also made announcements to increase the budgeted allocation for unemployment allowance under the Rajiv Gandhi Shramik Kalyan Yojana (RJSKY) [...]

Rahul slams divisive politics as he reaches out to Guj youth

Seeking to woo the youths in the BJP bastion ahead of Lok Sabha elections, Congress General Secretary Rahul Gandhi on Friday hit out at those playing “divisive politics by creating fear psychosis” in the minds of people. “There are two kind of politics one which divides is played by creating fear psychosis among the people” [...]

Home Minister Chidambaram to visit Jharkhand today

Union Home Minister P Chidambaram will visit Jharkhand on Saturday to asses the law and order in the naxal-infested state. During his day-long visit, Chidambaram will meet Jharkhand Governor Syed Sibtey Razi and other senior officials, including CRPF, to assess the situation in the state, a senior Home Ministry official said. Chidambaram’s visit to Jharkhand [...]

HUJI planning to set up camps in Assam: Army

The Bangladesh-based HUJI militant outfit is planning to set up camps in strategic areas of lower Assam, army sources said on Friday. Documents recovered from three HUJI ‘link-men’ arrested during seizure of fake currency in Barpeta district on Thursday night unearthed the outfit’s plan to set up bases in strategic areas of lower Assam for [...]

Sania-Bhupathi in Aus Open mixed doubles final

Sania Mirza and Mahesh Bhupathi overcame a sluggish start to sail into the Australian Open mixed doubles finals for second consecutive year as they beat Czechs Iveta Benesova and Lukas Dlouhy in straight sets in Melbourne on Friday. The Indians, who were runner-up at the Melbourne Park last year, trailed 1-3 in the opening set [...]

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News from January 2009

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