India News

Political gambit

Stand-in finance minister Pranab Mukherjee need not have quibbled over Constitutional propriety and could have announced the stimulus package of about Rs29,000 crore a week ago when he presented the interim budget. But he did not and the reason put out was that the vote on account ought not to be used to push through commitments which the next government would have to meet. The markets were disappointed but constitutional correctness was maintained.

GAIL To Set Up New Utilities To Increase Gas Production Capacity

State-run gas company, Gas Authority of India Ltd. (GAIL) is planning to raise the GAIL To Set Up New Utilities To Increase Gas Production Capacitycapacity of its Pata petrochemical plant. The capacity would be increased to 800,000 tons in next few years.

The plant has a capacity of 410,000 tons per annum at present. GAIL Chairman and Managing Director, U D Choubey said that the Pata plant in Uttar Pradesh would be expanded by setting up a mega petrochemical plant alongside the existing plant.

EPF board defers decision on interest rates for 2008-09

New Delhi, July 5 : The Central Board of Trustees of the Employees Provident Fund Organisation today has deferred its decision on the interest rates of 2008-09 till its next meeting.

Quake rocks India's Andaman Islands

AndamanNew Delhi - A magnitude-6.7 earthquake jolted the Andaman Islands off the east coast of India

Monsoon flooding affects 900,000 people in eastern India

New Delhi - Floods and landslides triggered by heavy monsoon rains have affected 900,000 people in three eastern Indian states as the death toll climbed over 30, officials and news reports said Wed

Indian police arrest Muslim cleric suspected in Jaipur blasts

New Delhi - Police in India's north-western state of Rajasthan have arrested a Muslim cleric suspected of being involved in last month's deadly serial bombings in the state capital, Jaipur, news re