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Maoists want PLA man as Nepalese Army chief, says Nepali Congress

Nepal, KathmanduKathmandu, Oct 24 : The Nepali Congress (NC) has claimed that the Maoists are trying to promote a former People''s Liberation Army (PLA) commander to the coveted post of Chief of Nepal Army (NA).

Nepali Congress leader Shovakar Parajuli on Thursday said that the Maoists are covertly engaged in promoting Nanda Kishore Pun as the next Army chief.

Defence Minister Antony agrees to allow private sector in defence production

A K AntonyNew Delhi, Oct 24 : Defence Minister A. K. Antony today said that the private sector participation in defence production has been allowed and foreign direct investment is allowed upto 26 per cent.

Addressing the National Seminar on defence offsets being organised by the Institute for Defence Studies and Analyses (IDSA) here, Antony said that private sector will henceforth require industrial licence only if it is stipulated under the requirement for defence industry.

Uttar Pradesh University cancels Rahul Gandhi''s function

Rahul Gandhi, Uttar PradeshKanpur, Oct 24 : Uttar Pradesh administration today cancelled interactive session of Congress General Secretary Rahul Gandhi with the students of the Chandrashekhar Azad University.

According to sources, the Vice Chancellor of the University had given instructions to cancel the programme.

However, Rahul, who reached the University as per the scheduled programme, met the students in the cafeteria, instead of auditorium.

Chidambaram says Reserve Bank policy will help financial stability

P ChidambaramNew Delhi, Oct 24 : Finance Minister P. Chidambaram today said that the Reserve Bank of India (RBI)''s policy review was on expected lines to manage India''s financial stability.

He described the RBI statement an important announcement that the central bank would employ both conventional and unconventional methods to ensure financial stability.

Gujarat auto industry gets a boost with arrival of Nano

TATA NanoRajkot, Oct 24 : Tata motors'' decision to make low cost Nano car in Gujarat has kindled hopes of a lucrative business among the auto-parts making small-scale industrial units in Rajkot.

Rajkot has established itself as a hub for the auto parts ancillary units and, supplies auto parts to automobile manufacturers including Tata, Mitsubishi and Mahindra and Mahindra.

Ukraine stock market shut down again in bid to halt freefall

UkrainKiev- Ukraine's government on Friday shut down the country's largest stock market in another attempt to halt share-price freefall.

Managers of Ukraine's largest PFTS stock exchange froze all transactions less than two hours after opening.

Share values had fallen between 10 and 19 per cent over Friday morning in heavy trading.

Since the beginning of October, PFTS officials had repeatedly closed the exchange in the middle of a trading day, three times during last week alone.

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