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Business Standard

Digest of domestic news for the week

Govt allows oil firms to fix diesel prices, subsidised LPG cap raised to 9

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Saturday

Jammu: Indian and Pakistan troops traded heavy gunfire along the Line of Control in Poonch sector after the movement of a group of suspected infiltrators was detected, in fresh escalation of tension.

Ranchi: President’s rule loomed large over Jharkhand as no party has staked claim to form government so far after Jharkhand Mukti Morcha () withdrew support to the BJP-led government reducing it to a minority.

Sunday

Jammu/New Delhi: Pakistani troops violate the ceasefire yet again firing at Indian posts in the Poonch sector of Jammu and Kashmir this evening even as the two sides prepared for a flag meeting of top commanders to defuse tension along the Line of Control (LoC).

Kochi: Union Law minister Ashwani Kumar says that the law as it currently stands is not in favour of disclosing the identity of the rape victim.

Monday

New Delhi: CBI carries out searches at office and residence of a Deputy Commissioner, Income Tax after registering a case against him for allegedly taking bribe running into crores of rupees during the department's probe into the Rs 500-crore Stock Guru scam.

Khairair (UP): The family of beheaded soldier Hemraj call off their six-day-old fast after a visit by Uttar Pradesh Chief Minister Akhilesh Yadav and top BJP leaders and assurances by Army Chief Gen Bikram Singh that steps will be taken to get back the severed head back.

Jammu: India lodge a strong protest against the ceasefire violations by Pakistan along the Line of Control (LoC) and make it clear to it that the Army reserves the right to retaliate at the place and time of its choosing in case heinous acts of mutilation of soldiers' bodies recur.

New Delhi: Angry at the beheading of Indian soldier on Line of Control, Army Chief Gen Bikram Singh issues a clear warning to Pakistan saying India reserves the right to retaliate at the "time and place" of its choosing.

Tuesday

Akhnoor/Jammu: India accuses Pakistan of five ceasefire violations after the flag meeting of top military commanders between the two countries to de-escalate tension along the Line of Control but said it will "not act in haste or anger".

New Delhi: Amid tension with Pakistan on Line of Control, National Security Adviser Shivshankar Menon briefs Leaders of Opposition in Parliament - Arun Jaitley and Sushma Swaraj -  about the situation with a suggestion that restraint should be exercised while commenting on the issue.

Jammu: In a far-reaching reshuffle of his cabinet, Jammu and Kashmir Chief Minister Omar Abdullah inducts ten new faces after dropping seven ministers, six from his National Conference (NC) and one from coalition partner, the Congress.

New Delhi: In a tough message to Pakistan, Prime Minister Manmohan Singh says it cannot be business as usual in the aftermath of the "barbaric" beheading of Indian soldier as India put on hold the visa-on-arrival facility and sent back home all nine Pakistani hockey players.

Wednesday

New Delhi: The government will take all steps to contain fiscal deficit and pursue reforms to deal with economic challenges, says Finance Minister P Chidambaram.

New Delhi: In a clear message that current strain could impact trade ties, India tells Pakistan economic engagement can be enhanced in an environment of peace and stability and asserted "anything which undermines that environment is not conducive" for economic relations.

Thursday

New Delhi: In bold reforms, the government moves towards deregulating when it raised prices by 50 paisa per litre and planned similar monthly hikes in future to cut record subsidies. It also raised the subsidised LPG cap to 9.

On Board Special Aircraft: Vice President Hamid Ansari's visit to Vietnam witnessed crucial discussions on several strategic issues, but both countries remained tight-lipped about their differences with China over the South China Sea issue.

Friday

Jaipur: In a candid message to her party, Congress President Sonia Gandhi draws attention to its weaknesses such as lack of unity, personal ambitions and ostentatious displays of wealth while calling for introspection in the face of challenges ahead.

New Delhi: In a setback to Italian marines facing charges of killing two Indian fishermen, the Supreme Court holds that they should be tried by the Centre and turns down their government's plea that Indian courts had no jurisdiction in the case.

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