Given how the brief strike by state-owned oil sector officers raised the spectre of a fuel drought across the country, the government deserves to be congratulated for deciding to take tough action and threaten to arrest striking officers, since this is what finally broke the strike. The fact that the emoluments of some of the striking workers were made public didn't help their case either, since these showed the managers to be amongst the better-paid in the public sector.
The overall index showed an increase of 2.4 per cent over November 2007, which is not a great performance but apparently different from the 1.4 per cent decline in the previous month. However, the base effect seems to be largely responsible for both numbers.
Ram Myanampati, the interim chief executive officer of beleaguered Satyam Computer Services, on Thursday admitted that he himself is on a shaky ground.
The commonly-held suspicion of wrongdoing pertains to a conflict of interest, but the management maintains that the move was aimed at enhancing shareholder value.
The death of a participant in a clinical trial by a Hyderabad-based contract research firm has refocused attention on the practices followed by an industry which is said to have great promise, because it can earn good dollars by leveraging cheap Indian skills.
It is unfortunate that Corporate India's image should be dented in this fashion; but it would be even more unfortunate if the Satyam case did not lead to a more careful scrutiny of what exactly goes on in Corporate India.
The government needs to do some more to get real estate transactions going. One is to figure out a way to bring prices down to more realistic levels, without crossing into the realm of formal controls.
Members of the Beijing Special Armed Police Unit (BSAPU) used a helicopter and ropes to get 10 metres down to the ground. They then shot targets of swaying eggs 15 metres away within 1.5 seconds to practice "killing" terrorists. After breaking through windows, police rescued the "hostages."
Football icon Diego Armando Maradona arrived to a rousing welcome by thousands of frenzied fans who remained awake till past mid night waving Argentina's national flag of white and sky blue for first glimpse of the legend at the city airport here.
Manmohan Singh may be the best suited to take charge of the finance ministry after Mr Chidambaram's shift to the home ministry. The problem is that Dr Singh already has a full-time job.
It is hard for the lay observer to understand why it should take 60 hours for crack commandos of the National Security Guard to clear a hotel of four attackers.
A combination of timing (the Pay Commission), political compulsions (the loan waiver) and circumstances beyond the government's control (high energy prices) have contributed to a significant reversal of what was shaping up as a very healthy trend.
According to the package, the dues will be cleared in six monthly instalments by March 2009. Current ATF purchases will get 90 days' credit, supported by bank guarantees. Also, jet fuel price revisions will henceforth happen every fortnight. Praful Patel on Thursday admitted in the Lok Sabha that it may take another two months to make the recently-opened third runway at the Delhi airport fully operational.
The plan asks private parties to buy project land directly from farmers, with the government stepping in to acquire only the final 30% required after 70% has been sold by farmers of their own free will.
The August numbers for the index of industrial production were a shock, reporting growth of barely 1.3 per cent -- the worst in many years. The manufacturing sub-sector did even worse, with 1.1 per cent growth.
While a price cut will go down very well with people who have been struggling to cope with inflation, it would be irresponsible on the part of the government to cut prices.
One person was killed and six people injured in an explosion in Modasa town of Gujarat's Sabarkantha district on Monday night.
Lehman Brothers, fourth largest investment firm, filed for bankruptcy, after Barclays pulled out of an 11th-hour rescue, becoming the largest financial firm to fail in the global credit crisis, after federal officials refused to help other companies buy the venerable investment bank.
Thomas Bata, the Czech-born head of the worldwide family shoe empire that bears his name, died today in Canada, an official said. He was 93.
Allaying fears on the nuclear deal, Congress chief Sonia Gandhi on Thursday said there was no question of compromise on the national security and independent foreign policy.
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