India News

Orissa Finance Minister Prafulla Chandra Ghadai on Tuesday presented a tax-free budget of Rs. 31,252.21 crore for 2006-07. The Opposition staged a walkout, saying the budget had nothing for the poor.

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The budget this year is likely to keep hard reforms at bay, focus on checking inflation and announce the road map for goods and services tax as part of major indirect tax reforms that will make legal, medical, rail and hospitality services more expensive.

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The board of state-owned Indian Overseas Bank on Tuesday approved a proposal to buy out the remaining 70 per cent of unlisted Bharat Overseas Bank for Rs 170 crore.

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 With Assembly elections still a few months away, the AIADMK has launched a psychological warfare against the opposition DMK-led Democratic Progressive Alliance (DPA).

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The Supreme Court on Tuesday ruled that all marriages, irrespective of religion, be compulsorily registered. It directed the central and state governments to frame the rules for this within three months.

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With key outside supporters the Left parties angry and sulking over various issues including the Iran vote, it will be a tough time for ruling Congress-led coalition in the budget session of Parliament .

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India may not limit itself to watching from the sidelines if Luxembourg carries out its move to bring in a legislation to prevent Mittal Steel from taking over European steelmaker Arcelor. Well-placed sources say New Delhi may have to come up with a considered response.

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The travel time of as many as 400 Indian trains are to be reduced as part of the railways' plans to improve passenger services."Around 400 mail and express trains are to be upgraded to super fast trains to reduce travel time.

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Anil Ambani-controlled Reliance Capital on Tuesday acquired 44 per cent stake in Bangalore-based courier and express company DTDC for an undisclosed amount.

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The pilots of Air Sahara were tonight understood to have decided to withdraw their agitation after the management of the private carrier accepted their demand for waiver of the mandatory six-month notice period for quitting.

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Students graduating from Bombay IIT have never had it better. Four out of every five have already been recruited by top companies  at top salaries in the course of just seven weeks of this year’s campus interviews in Powai.

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At a time when it is having to fend off surrender charges from its allies significantly the Left Manmohan Singh government’s decision to vote against Iran for nuclear proliferation has been endorsed by the BJP.

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