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November 25: Snapshots of the Day

  • November 25: Snapshots of the Day

    November 25: Snapshots of the Day

  • <p><b>A man walks in front of a banner outside a state-run bank in Mumbai</b>
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India&#39;s reputation as a place to do business took another hit after the scandal-tainted government charged top public sector bankers of accepting bribes worth hundreds of millions of dollars.
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The federal Central Bureau of Investigation (CBI) on Wednesday arrested five officials from state-run listed companies, including the chief executive of LIC Housing Finance, for taking bribes to facilitate large corporate loans.
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Three senior executives from a listed private company were also arrested on charges of handing out the bribes.
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    A man walks in front of a banner outside a state-run bank in Mumbai

    India's reputation as a place to do business took another hit after the scandal-tainted government charged top public sector bankers of accepting bribes worth hundreds of millions of dollars.

    The federal Central Bureau of Investigation (CBI) on Wednesday arrested five officials from state-run listed companies, including the chief executive of LIC Housing Finance, for taking bribes to facilitate large corporate loans.

    Three senior executives from a listed private company were also arrested on charges of handing out the bribes.

  • <p><b>O P Bhatt, chairman of State Bank of India, speaks with reporters before a news conference in Kolkata</b>
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State Bank of India, the country&#39;s largest lender, sees no impact of a financial bribery scandal on issuances of loans to the real estate sector, its chairman said on Thursday.
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O P Bhatt said there was no need to review the lending regulatory norms as of now.
</p><p>
The Delhi-based Central Bureau of Investigation said on Wednesday it had arrested eight officials from banks and financial firms on charges of receiving bribes valued at hundreds of millions of dollars for sanctioning loans. 
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    O P Bhatt, chairman of State Bank of India, speaks with reporters before a news conference in Kolkata

    State Bank of India, the country's largest lender, sees no impact of a financial bribery scandal on issuances of loans to the real estate sector, its chairman said on Thursday.

    O P Bhatt said there was no need to review the lending regulatory norms as of now.

    The Delhi-based Central Bureau of Investigation said on Wednesday it had arrested eight officials from banks and financial firms on charges of receiving bribes valued at hundreds of millions of dollars for sanctioning loans.

  • <p><b>Devotees perform a ritual as they offer prayers to the Sun god Surya on the banks of the Ganga river in Kolkata</b>
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India&#39;s food price index rose 10.15 per cent, while the fuel price index climbed 10.57 per cent in the year to Nov. 13, government data on Thursday showed.
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In the prior week, annual food and fuel inflation stood at 10.30 per cent and 10.57 per cent, respectively.
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The primary articles price index was up 13.38 per cent in the latest week compared with an annual rise of 13.30 per cent a week earlier.
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The wholesale price index, the most widely watched gauge of prices in India, rose 8.58 per cent in October from a year earlier compared with 8.62 per cent in September.
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    Devotees perform a ritual as they offer prayers to the Sun god Surya on the banks of the Ganga river in Kolkata

    India's food price index rose 10.15 per cent, while the fuel price index climbed 10.57 per cent in the year to Nov. 13, government data on Thursday showed.

    In the prior week, annual food and fuel inflation stood at 10.30 per cent and 10.57 per cent, respectively.

    The primary articles price index was up 13.38 per cent in the latest week compared with an annual rise of 13.30 per cent a week earlier.

    The wholesale price index, the most widely watched gauge of prices in India, rose 8.58 per cent in October from a year earlier compared with 8.62 per cent in September.

  • <p><b>A view of the parliament building is seen in New Delhi July 21, 2008. The government is struggling to find a solution to end a parliamentary deadlock, which has prevented bills from being passed, Finance Minister Pranab Mukherjee said on Thursday.</b>
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The government is struggling to find a solution to end a parliamentary deadlock, which has prevented bills from being passed, Finance Minister Pranab Mukherjee said on Thursday.
</p><p>
"We have not been able to find a solution. I don&#39;t know how to resolve this impasse. We&#39;re trying, let&#39;s see," Mukherjee, the government&#39;s top trouble shooter, told reporters.
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Parliament has been disrupted almost every day since its winter session began on November 9, with opposition demanding a probe into a massive telecoms corruption scandal that has forced the resignation of a minister.
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    A view of the parliament building is seen in New Delhi July 21, 2008. The government is struggling to find a solution to end a parliamentary deadlock, which has prevented bills from being passed, Finance Minister Pranab Mukherjee said on Thursday.

    The government is struggling to find a solution to end a parliamentary deadlock, which has prevented bills from being passed, Finance Minister Pranab Mukherjee said on Thursday.

    "We have not been able to find a solution. I don't know how to resolve this impasse. We're trying, let's see," Mukherjee, the government's top trouble shooter, told reporters.

    Parliament has been disrupted almost every day since its winter session began on November 9, with opposition demanding a probe into a massive telecoms corruption scandal that has forced the resignation of a minister.

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