NDA had majority in Bihar, Centre tells SC
But Defends The Dissolution Of The House Saying The Majority Was Achieved By Dubious Means
THE Centre on Thursday formally conceded before the Supreme Court that the NDA’s chief ministerial candidate in Bihar had managed to cobble together a majority, but claimed that this was done through illegitimate means such as allurement, bribery and horse-trading.
It’ll now be up to the respondents to convince the Bench that the NDA had indeed indulged in horse-trading to lure LJP MLAs away. It’ll be difficult to establish any quid-pro-quo, given the fact that it was Union steel and chemicals and fertiliser minister Ram Vilas Paswan’s intransigence on the issue of government-formation which had triggered a split in the LJP.
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Indian Oil firms want petrol price up by Rs 8.52
State-owned oil marketing companies are mounting pressure for another round of rise in petrol and diesel prices, seeking to add Rs 8.52 more to the price of each litre of petrol they sell in Delhi and Rs 4.81 a litre to diesel.
The oil firms have told government they lost Rs 1,013 crore in fortnight following September 7 when prices were raised by Rs 3 a litre for petrol and Rs 2 a litre for diesel. This was too little too late as international crude had galloped past the $70-mark. This loss was in addition to the Rs 8,500 crore they lost in the April-September 15 period.
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FINALLY, INDIA CONQUER A ‘FRONTIER’
Harare: India’s first overseas series win in 19 years did come on Thursday at the Harare Sports Club, but not in the way it was envisaged. The Indian bowling and their slip catching took a beating before India won the second Test by 10 wickets on Thursday to sweep the two-Test series.
The day hardly belonged to the winners. It belonged more to Andy Blignaut and Hamilton Masakadza, for some good hitting.
It looked as if the Indians were too eager to get back home on what was only the third day of the Test. The bowlers were not hitting the right areas as they had done earlier, and the slip catching developed butter fingers.
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Indian Sensex Takes A Big Dip
Govt In Damage-Control Mode As I-T Raids Spark 266-Point Fall
After grim Wednesday, it was manic Thursday. The sensex recorded its steepest fall in 17 months, dropping 266 points or over 3% to close at 8222. In the process, it wiped out nearly Rs 1.2 lakh crore in investor wealth.
Despite the uncertainity generated by reports of the finance ministry probe into the market rally, as reported by TOI, the markets opened on a steady note. But by noon, reports of raids on seven leading brokers by income-tax officials in Ahmedabad and Rajkot had triggered a widespread sell-off.
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Panic sets in, but sensex prevails - INDIA
Index Recovers From Intra-Day Tailspin, NTPC Spurts 4.4%; HDFC Down 3.8%
THE roaring sensex turned wild on Wednesday. The market saw a lot of volatility amid alternate bouts of buying and selling, before eventually ending flat on the day. After early gains, shares led by medium and small caps came tumbling down amid major selling pressure, triggered partly by the decision of stock exchanges to reduce circuit filter to 5% in shares traded in the T, TS and Z group. According to brokers, it was a panic-like situation as many stop-loss triggers were activated, especially during the first half of the session.
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