According to party sources, the situation is more or less beyond repair. "We can forcibly remove Mamata Banerjee's agitators from Singur within a few hours. But it seems the Tatas have developed cold feet. After whatever has happened over the last few weeks, it is almost impossible to convince the Tatas to stay back in Bengal and restart the Nano project," said a central committee leader of the party.
Speaking at a rally at Dadri in Uttar Pradesh on Tuesday, Sonia Gandhi said her party was not against land acquisition for industry. "But farmers should be given adequate compensation. They should also be given stakes in the projects coming up on their land," she said.
JWT, Crayons in race for Congress account, BJP calls for a pitch.
Congress President Sonia Gandhi has been consistent in warning the party against high prices and has asked government leaders to act fast. She has been assured the inflation rate will come down to single digits from the current 12.14 per cent around November-December. Party sources say the recent blasts in Delhi will be one reason the elections may be called only in February.
In what would be a significant boost to the domestic entertainment industry, the United States has been roped in as the partner country for the 2009 Ficci Frames - the annual global convention on the entertainment and media industry that is partly sponsored by the Ministry of Information and Broadcasting. It will be the tenth year of Ficci Frames next year.
There was no applause for Finance Minister P Chidambaram when he spoke to Congress spokespersons summoned to Delhi by party president Sonia Gandhi to explain the economic issues of inflation management.
Finance Minister P Chidambaram today revealed that while he favoured tough administrative measures to control price rise, there was no unanimity on this issue in cabinet.
this is not Orissa or West Bengal or Haryana or any other part of India where villagers are protesting against acquisition of farmland for industry or special economic zones. This is Mayawati's Uttar Pradesh -- where the chief minister wants around 400 hectares from four villages to create the mother of all gardens. The strategic location of the green belt, locally referred as "picnic spot", will ensure that Mayawati's farmhouse, which she hasn't visited even once, wil
The world economy has slipped into a state of stagflation, says Reddy.
In an earlier analysis for the period till April 26, it had been found that of the 365 items in the WPI, the index for as many as 166 items had not been revised for more than four months. The latest analysis as of June 21 shows that the index for around 55 of these 166 items has been revised. In effect, only one-third of the items have seen an index revision. During this period, headline inflation has moved from 8.27 per cent to 11.63 per cent.
Congress member V Kishore Chandra Singh Deo could occupy the Lok Sabha Speaker's chair in case Somnath Chatterjee opts to quit his post. According to top party sources, Singh Deo, who represents the reserved Parvathipuram constituency of Andhra Pradesh, has been considered the most appropriate Congress MP to replace Chatterjee.
The move aimed at blunting Finance Ministry, RBI's opposition to monthly reporting.
The average number of workers a business unit employs is declining for both urban and rural areas.
The Foreign Investment Promotion Board, the nodal body for approving foreign direct investment in the country, has given its nod to a proposal from Germany-based Deutsche Bank to buy a 5 per cent stake in the Delhi Stock Exchange.
The panel has also decided to increase the weight of manufactured items and the fuel group in the new index. Accordingly, the new WPI series, with a revised base year of 2004-05, will see the weight of manufactured items go up to around 65 per cent from 63.75 per cent in the present series.
A high-level committee on External Commercial Borrowings chaired by Finance Secretary D Subbarao is expected to take a final view on the matter this week. The committee comprises officials of the ministry of finance and the Reserve Bank of India. A high-level committee on External Commercial Borrowings chaired by Finance Secretary D Subbarao is expected to take a final view on the matter this week.
The CD, which will have 1940s' film songs, will remind Pakistanis of undivided India and the undivided talent in the Bombay film industry. The first song is Jab Dil Hi Toot Gaya by Kundan Lal Sehgal from the film Shahjahan. The album signs off with the title track of Kabhi Alvida Na Kehna by Sonu Nigam.
After the CPI(M), the crucial partner of the ruling UPA government, raised its voice against any attempt to shut down three public sector vaccine manufacturing units, Union Health Minister Anbumani Ramadoss has quickly moved to announce that it will upgrade the units and 'do everything to protect their interest'.
This lack of regular and detailed disclosure by companies or respondents lies at the core of the problem, one that has gained ground in recent weeks.
A nation-wide housing price index may be a reality soon. The National Housing Bank, in collaboration with the National Council of Applied Economic Research, is close to finalising the methodology to be adopted for the index, named NHB Residex.
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