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Power Grid Corporation of India to Offer Follow-on Public Offer

Mumbai (ABC Live): The Power Grid Corporation of India (POWERGRID) is coming up with a Follow-on Public Offer (FPO) which includes 13 per cent of fresh issue of shares and 4 per cent disinvestment of shares by Government of India. The issue opens on December 3rd and closes on December 5th for Institutional Investors and December 6th for Retail category …

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India Extends Validity of Central Order No. S.O.2968 By One Year

New Delhi (ABC Live): The Union Cabinet today approved the proposal for extending the validity of the Central Order No. S.O.2968 (E) dated 20.12.2012 for a further period of one year that is from 1st December, 2013 to 30th November, 2014 in respect of rice and paddy. The main objective of Control Orders is to enable State Governments to continue …

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TRAI Releases Amended Telecommunication Tariff Order 2013 for Mobile Banking Services

New Delhi (ABC Live):Telecom Regulatory Authority of India (TRAI) has released the Telecommunication Tariff (Fifty Sixth Amendment) Order, 2013 prescribing a ceiling tariff for the use of USSD for USSD-based mobile banking services and the Mobile Banking (Quality of Service) (Amendment) Regulations, 2013. Together, these establish a framework to agents of the banks to interface with the access service providers …

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TRAI Releases Recommendations on Monopoly in Cable TV Services

New Delhi (ABC Live):The Telecom Regulatory Authority of India (TRAI) has released its recommendations on ‘Monopoly/ Market dominance in Cable TV services’. The salient features of the recommendations are: (i)     State to be the relevant market for assessing monopoly/ market dominance of Multi System Operators (MSOs) in the TV channel distribution market; (ii)   Market dominance to be determined on the …

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India Approves Scientific deep Drilling in the Koyna Intra-Plate Seismic Zone

Mumbai (ABC Live):The Cabinet Committee on Economic Affairs has approved the proposal to undertake scientific deep drilling in the Koyna intra-plate seismic zone, in Maharashtra. The total cost of the project is Rs.472.3 crore for five years. The proposed scientific deep drilling investigation in Koyna region will provide a unique opportunity to better understand the mechanism of reservoir-triggered earthquakes, developing …

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Coal India to Start 126 New Projects to Hike India Coal Production

New Delhi (ABC Live):Coal India Limited(CIL) has identified new projects to take up during the 12th Plan period with an estimated capacity of 438.04 MT. Out of these 60 projects are likely to contribute about 88 MT during the terminal year of 12th Plan i.e. 2016-17. Beside this, CIL has planned a number of other initiatives to increase coal production which …

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NHRC Orders Maharashtra Government to Arrest and Produce Pune Police Commissioner for Disobedience

New Delhi, 25th November, 2013 (ABC Live):The National Human Rights Commission has taken a serious view of the casual and mechanical approach adopted by the Commissioner of Police, Pune, Maharashtra, that too in a matter relating to the human rights violation of a person of Scheduled Caste. The Commission found it to be indicative of willful disobedience of its directions. …

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CBI Arrests SBI Deputy Managing Director for Bribery in Sanctioning Corporate Loan

New Delhi , 25.11.2013(ABC Live):The Central Bureau of Investigation has arrested a former Assistant General Manager of State Bank of India in an alleged bribery case. A case was registered U/s 120 B of IPC and Section 7, 8, & 12 of PC Act, 1988 against Deputy Managing Director, Mid Corporate Group, State Bank of India, Nariman Point, Mumbai; Chairman …

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12 States Get Rs. 120 Crore Each Under Rashtriya Uchchatara Shiksha Abhiyan

New Delhi (ABC Live):To boost research and innovation, twelve states and four UTs have been considered eligible to receive Rs. 120 crore each under the Research, Innovation and Quality Improvement Component of RUSA – Rashtriya Uchchatara Shiksha Abhiyan. They are – Andaman & Nicobar, Arunachal Pradesh, Assam, Bihar, Chandigarh, Dadra & Nagar Haveli, Daman & Diu, Himachal Pradesh, Karnataka, Kerala, …

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Competition Commission of India Signs MoU with European Commission

New Delhi (ABC Live):Competition Commission of India (CCI) and the Directorate General for Competition of the European Commission (DG, Competition) have signed a Memorandum of Understanding on Cooperation in the Field of Competition Laws. The MoU was signed during the ongoing 3rd BRICS International Competition Conference at New Delhi today by Mr Joaquin Almunia, Vice President for Competition, EU and …

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