At a time when the government is willing to pump thousands of crores for the revival of national carrier Air India, the finance ministry has rejected railways' plea for a temporary loan of Rs 2,101 crore to fund its development works.  Turning down the loan request, the ministry has the asked state-run transporter, which is under acute financial stress, to meet its liabilities by raising resources.  Railways made the demand considering negative...

-The Telegraph   Smaller parties today accused the government and the Opposition BJP of striking a face-saver deal on price rise, overshadowing the debate on the crucial issue in the Lok Sabha. Led by the Left, parties like the BSP and the RJD lashed out at the alleged pact the government was said to have struck with the BJP for drafting the language of the motion in such a way that the...

Congress president Sonia Gandhi will meet Anna Hazare on Saturday, citing a “packed prior schedule” to turn down his request for an appointment today. The anti-graft activist has been parleying with leaders of major political parties in the capital for the past two days and met Bihar rivals Nitish Kumar and Lalu Prasad. Sources said despite the Congress Working Committee in its meeting last week coming down strongly on Hazare and his...

As a part of Statewide visit in crop affected areas, the Chief Minister Shri Shivraj Singh Chouhan today reached Daiyarpur village in Vidisha district and comforted crop affected farmers. He informed that the State Government has increased relief amount from Rs 500 crore to Rs 600crore in order to extend maximum financial help to crop affected farmers. No different yardstick will be applied in distribution works. Every affected farmers will...

The collapse of the Dubai dream is not without any implications; it may be an indication that the travails of finance capitalism are not over. GLOBAL capitalism is in a phase in which it must deal with the fruits of the overextension during the previous boom, and there is no doubt that this is going to be painful. The financial crisis in the United States and some other developed countries...