Suspecting a &quot;scam&quot;, the Steel Ministry has sought a CBI probe into default of payment for exports of gold worth Rs 600 crore to Dubai last year by the state-owned trading firm MSTC.

Steel Min seeks CBI probe into Rs 600-cr gold deal

Press Trust of India

After a delay of nearly three months due to severe pulls and pressures, the Parliamentary Standing Committees will soon be constituted with senior Congress member Jayanti Natarajan likely to head the panel that is scrutinising the Women's Reservation Bill.

Jayanti Natrajan likely to head Par panel on women's Bill

Indians spend a whopping Rs 30,000 crore every year on fuel and maintenance cost on power back-up equipments to secure themselves against frequent outages.

Indians spend Rs 30,000 cr a year to deal with outages

Despite having one of the largest defence industries in the developing world, India has not managed to attain self-reliance in defence production and its export performance has been way off the mark, says a study.

Defence production needs to open up: study

The Pension Fund Regulatory and Development Authority (PFRDA) is scouting for institutional advisers to help the regulator in framing guidelines for the pension sector.

PFRDA scouting to appoint institutional advisers

Bharat Sanchar Nigam's (BSNL) decision to disqualify telecom equipment major Nokia-Siemens from participating in its Rs 32,000-crore GSM expansion project is held right by an independent panel of two former Chief Election Commissioners.

BSNL decision to disqualify NSN right: Independent panel

A high level committee, constituted by Prime Minister Manmohan Singh on road projects, is believed to have recommended relaxing the controversial concessionaire's agreement to make the projects attractive for investors.

Agreements with road contractors may be relaxed

Delhi International Airport Ltd (DIAL), the GMR Group-led consortium developing the Capital's airport, has signed concession agreement with East India Hotels Ltd (EIH), which runs the Oberoi Group of hotels, to develop and manage in-flight catering facilities.

DIAL signs concession pact for catering, cargo facility

The government is mulling allowing telecom operators to share spectrum among themselves to overcome the frequency shortage resulting in congestion of networks and poor quality services.

Govt may allow telecom operators to share spectrum

Mobile internet advertising expenditure will rise significantly with revenues expected to hit $2 billion per-year levels by 2014, riding on growing consumer adoption and rising brand engagement with mobile services, a report said.

Mobile internet ad spend to hit $2 bn a yr by 2014

The government today ruled out any increase in its borrowing programme for the current fiscal and said expenditure needs due to failed monsoon would be met with additional tax and adjustments within the budget.

Govt rules out additional borrowings for 2009-10

The North East, which has tremendous power potential but little has been explored, has to play a big role in generation of green energy, Union Minister of State for power Bharatsinh Solanki has said.

Centre looking towards NE for green energy

US President Barack Obama today nominated Federal Reserve Chairman Ben S Bernanke for a second consecutive term in office, and said a full economic recovery is still an uphill task for America.

Obama renominates Bernanke for another term

Business Standard

Reflecting the increased public expenditure to tackle the financial turmoil, the US Congressional Budget Office (CBO) has projected the federal deficit to touch $1.6 trillion in 2009, the highest since World War II.

US federal budget deficit to reach $1.6 trn in '09

Amid reports that North Korea has invited top American diplomats to Pyongyang for bilateral dialogue, the United States has asserted that there is no such plan for its officials to travel to the country.

No Plan for American diplomats to visit N Korea: US

The ailing US Postal Service said it was offering buyouts to 30,000 employees to slash $500 million in labour costs as it battles slumping mail volumes and heavy losses.

US Postal Service offers buyouts to 30,000 employees

The United States ranks 28th in the world in average Internet connection speed and is not making significant progress in building a faster network, according to a report.

US ranks 28th in Internet connection speed: Report

Wikipedia, the online encyclopedia that has increasingly drawn some decidedly juvenile pranks, is looking to impose more discipline with new restrictions on the editing of articles.

Wikipedia testing new method to curb false info

The world's largest pilots union said it wants bulk shipments of lithium batteries and products containing the batteries immediately banned from passenger and cargo planes because they can start a fire.

US pilots union wants ban on lithium batteries

More than half of health-care workers surveyed in Hong Kong said they would refuse to be vaccinated against swine flu, according to a study released today.

Many healthcare workers say 'no' to vaccine: Study

More than half the fatalities from swine flu have been among young adults, according to one of the first surveys to gather mortality data from across the globe for the new A(H1N1) virus.

Profile of swine flu begins to emerge: Study

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