Union Minister for chemicals and fertilisers M K Azhagiri said steps would be taken to ensure that the fertiliser company Southern Petrochemical Industries Ltd&rsquo;s (SPIC) plant in Tuticorin that had shut production will be reopened within a month.

SPIC to be reopened, says Azhagiri

Business Standard

The finance ministry said today it would prune unproductive expenditure and moderate inflation while staying focussed on fiscal consolidation.

Govt to prune unproductive expenditure: Finance Ministry

Press Trust of India

NCP state President R R Patil has said that the party is prepared to forge an alliance with the Congress in the forthcoming Maharashtra assembly elections.

NCP ready for alliance with Congress: Patil

The Centre today said it cannot give blanket assurance to states to help them come out of financial problems following implementation of the pay commission awards by them.

No blanket assurance to bail out states from financial problem

The government will take action to curb losses incurred by the central public sector enterprises as pointed out by the auditing regulator CAG in its report, Parliament was informed today.

Govt to take necessary action on CPSEs' losses

Banking services are likely to be affected as employees of public sector banks across the country will go on a two-day nationwide strike from August 6 to press for wage hikes and other issues.

Two-day nationwide bank strike on Aug 6

FIR registered against Union Steel Minister Virbhadra Singh and his wife Pratibha by the Himachal Pradesh Vigilance and Anti-Corruption Bureau in connection with a corruption case.

NEWSALERT: FIR registered against Union Steel Min Virbhadra Singh

Industry body Assocham today said the government should appoint a real estate regulator to help expedite the redressal of consumer grievances.

Govt should appoint real estate regulator: Assocham

The first of the promotional road-shows for 70 blocks offered under the eighth edition of New Exploration Licensing Policy (NELP) and 10 coal bed methane (CBM) areas will be held in Mumbai on August 8, according to the Directorate General of Hydrocarbons (DGH) web site.

Govt extends NELP VIII bid date by two months

A bill to give legal cover for construction, operation and maintenance of the metro rail system in the National Capital Region and other metro cities was introduced in the Lok Sabha today.

Bill to give legal cover to metro rail in cities

Swine flu claimed its first victim in South Africa when a 22-year-old student died after contacting the virus, prompting the government to assure people not to panic.

First swine flu related death in South Africa

India's garments exports dipped by 15.4 per cent to $2.41 billion in the first quarter of this fiscal due to a waning demand in major markets such as the US and EU.

Garment exports fall by 15% in Apr-Jun

Country's largest state-owned bank State Bank of India (SBI), automobile giant Tata Motors and oil major Indian Oil Corporation (IOC), besides Sahara India and its promoter Subroto Roy figure in the list of top 100 tax defaulters in the country.

SBI, Tata Motors, Sahara figure in tax defaulters list

Airports Authority of India (AAI), would be turned into a company by amending laws to enable the body raise funds from market for carrying out modernisation of a large number of major airports across the country, Civil Aviation Minister Praful Patel said today.

Airports Authority to become a company

Setting at rest fears that the global crisis could derail India's financial sector reforms, Reserve Bank of India (RBI) Governor D Subbarao today said the roadmap is being recalibrated but there was no slowing down the process.

Financial reforms not derailed but recalibrated: Subbarao

The RBI may be forced to increase (rates) to ensure that price pressures do not increase, Credit Suisse economist, Cem Karacadag, told reporters here.

Credit Suisse ups GDP growth to 6.2 per cent

People who have mild flu symptoms but whose results of swab tests for swine flu are pending can have the option of being treated at home and hospitalisation deferred under fresh guidelines announced by the Centre, a day after India registered its first death due to the virus.

Govt issues new guidelines to contain swine flu

A high-powered Group of Ministers today fixed Rs 3,500 crore as reserve price for pan-India 3G spectrum and decided to allow only five operators to offer the high-speed mobile services in the first phase.

EGoM fixes reserve price of 3G spectrum at Rs 3,500cr

Navy Chief Admiral Sureesh Mehta today said negotiations between India and Russia over price of aircraft carrier Admiral Gorshkov could be concluded within next two days.

Talks over Gorshkov's price likely to conclude: Naval chief

The government is mulling over setting up diamond bourses to make the country a global trading hub.

India plans to establish diamond bourses

The government today sought to bolster exporters, hit hard by recession in the West, by extending various tax sops and special incentives on trade with markets in Asia and Africa, in its Foreign Trade Policy.

There is world beyond US, EU: Trade policy to exporters

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