Category: India

Floating interest now an option

State Bank of India, the country leading bank is about to offer floating rates of interest on fixed deposits thereby giving higher returns to the depositor depending upon market conditions.

Even though the Reserve Bank of India had permitted banks to offer floating interest, SBI is providing it from 6th September this year.

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Tycoons set to buy jets

A growing number of Indian billionaires are getting ready to purchase and register their personal jets – the ultimate luxury for travelling, as 157 new private jets are expected to occupy the country’s airspace over the next one year.

India which is currently placed 18th in the world will jump up to the 4th position for corporate jets in a country. At the moment, with 111 registered jets, India is far ahead of China which has more billionaires.

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SC gags SIT on Modi’s statement

The Supreme Court has directed the Special Investigating Team not to give to anybody except the trial court and the public prosecutor the statement of Gujarat Chief Minister Narendra Modi, recorded by it in March. The statement will not be given even to the Nanavati Commission set up by the Union Government to investigate the riots in Gujarat.

Ministerial perks while in jail

Even though he is in jail for murdering former minister Brij Bihari Prasad, Janata Dal (U) MLA Vijay Kumar Shukla alias Munna Shukla, enjoys ministerial perks by virtue of being the chairman of Bihar Vidhan Sabha Aawas Samiti.

Criminal turned politician Shukla has been one of the most feared persons in Bihar politics. Elected from Lalganj in Vaishali district, he is presently in Hajipur jail. He has a history of being sent to the jail and in 1994 was also accused in the killing of then Gopalganj District Magistrate G Krishnaiah.

IPL no of matches to be reviewed

The format of the Indian Premier League 2011 tournament will be decided at the IPC Government Council meeting to be held later in the day today with the focus being on reducing the load on players.

Although closing of accounts will be the main item on the agenda, the number of games to be played is also expected to be discussed.

Gold surges

Prices of gold rose by Rs. 50 yesterday to touch a seven week high of Rs. 18,950 per 10 grams in the bullion market on account of the festive season.However,...

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In race for ICC awards

Seven persons are in the race for each of the categories for the ICC awards as the nominees list was released today. India’s Sachin Tendulkar, Virender Sehwag and M S Dhoni are nominated in all three major individual categories – Cricketer of the Year, Test Player of the Year and ODI Player of the Year.

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Go slow on Bhopal compensation: US to India

United States has stepped up pressure on India to drop its demand for Rs. 1,500 crore compensation for the victims of the Bhopal gas tragedy that occurred in 1984. US officials have reportedly asked India to resolve it and move ahead.

Media reports indicate that a senior official of the US Administration dashed an e-mail to Deputy Chairman of Planning Commission Montek Singh Ahluwalia that this issue could have a “chilling effect” on India US relationship.

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Sonia okays salary hike for MPs

Indian National Congress President and UPA Chairperson Sonia Gandhi has given her nod to the bill seeking to hike the salaries of Members of parliament.

The Union Cabinet was scheduled to discuss the bill at its meeting earlier this week but deferred it at the last minute as a result of which there were heated debates in the ongoing Parliamentary session with RJD Chief Lalu Prasad Yadav leading the brigade demanding a pay hike for MPs.