India

Mumbai, Sept 5: New Reserve Bank of India (RBI) Governor Raghuram Rajan on Wednesday announced a slew of reforms to “protect” the rupee and emphasised that though Indian economy faced challenges, it was fundamentally strong. In his first day in office, Rajan came out with many measures, including more trade settlement in rupees, to rescue the battered financial markets and hinted at a shift in

Jodhpur, Sep 4: Asaram Bapu will remain in jail for now on charges of sexually assaulting a schoolgirl, a court in Rajasthan ruled today, as it rejected his request for bail. His lawyer had said the spiritual leader is unwell and will seek bail in a higher court. The 75-year-old guru was arrested on Saturday night at his ashram in Madhya Pradesh and taken back to Jodhpur, where he is accused of

New Delhi, Sep 4: The government has agreed to a discussion in both houses of Parliament on the issue of the missing coal files, resolving the stand-off with the opposition BJP on Wednesday The end to the impasse came after two rounds of discussions that Finance Minister P. Chidambaram and Parliamentary Affairs Minister Kamal Nath had with top BJP leaders L. K. Advani, Sushma Swaraj and Arun

Ahmedabad, Sep 4: The Gujarat government today said it has not accepted the resignation of fake encounter cases accused IPS officer D G Vanzara, who quit after indicting Chief Minister Narendra Modi. "The resignation tendered by D G Vanzara has not been accepted," Additional Chief Secretary (Home) S K Nanda told PTI today. He, however, didn't give any specific reasons behind doing so. Vanzara (59)

New York, Sep 4: On a complaint by a Sikh group, a US federal court has issued summons against Congress party president Sonia Gandhi for shielding party officials allegedly involved in inciting attacks on Sikhs in November 1984, an attorney said. In a class action suit filed Tuesday before the district court of Eastern District of New York, "Sikhs For Justice" (SFJ), a US-based human rights group

Thiruvananthapuram, Sep 4: The dawn-to-dusk strike called by motor workers' unions in Kerala on Wednesday demanding rollback of the recent hike in fuel prices evoked partial response across the state. Initial reports from different centres said private buses, trucks, taxis and autos are largely keeping off the roads in most places, affecting the mobility of people. The unions in the state-run

Bangalore, Sep 4: The Karnataka High Court on Tuesday restrained Kingfisher Airlines (KFA), UB Holdings Private Limited and their chairman Vijay Mallya from either transfering or alienating assets. State Bank of India and 14 other banks had moved the court seeking to restrain the firms, which owe them Rs 6,200 crore, from selling or transferring assets. An appeal was filed before the debt recovery

Ahmedabad, Sep 3: IPS officer D. G. Vanzara, suspended and behind the bars in a string of fake encounter cases, has resigned from service accusing Narendra Modi government of having failed to protect the jailed police officers who fought against “Pakistan inspired terrorism”. Mr. Vanzara, a 1987 batch IPS officer considered close to Mr. Modi, has said in his resignation letter that police officers

Mumbai, Sep 3: The S&P BSE benchmark Sensex nosedived nearly 720 points in the closing stages of trade today on heavy foreign funds outflow as the rupee plunged below 68-level against the US dollar. After a higher start, the Sensex plunged by 719.96 points, or 3.81 per cent to 18,166.177 led by fall in Reliance Industries, ITC and HDFC shares. All sectoral indices led by banking and consumer

Ahmadabad, Sep 3: Narendra Modi and Gujarat Governor Kamla Beniwal are on collision course again after the latter returned the controversial Gujarat Lokayukta Commission Bill 2013 yesterday, despite the state assembly passing it with a clear majority earlier this year. Ms Beniwal's objection was expected since the bill proposes to give all powers to appoint the state Lokayukta or ombudsman to a