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Rupee hits record low of 50.69 against US dollar

The Indian rupee on Friday depriciated to an all-time low of 50.69 against the US currency in early trade on continued capital outflow by foreign funds and increased dollar demand from importers. At the Interbank Foreign Exchange (Forex) market, the domestic currency was quoted at 50.69 against the dollar, down 23 paise from its previous day's close. The rupee on Thursday depreciated by 52 p..

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Law to protect tourists from touts sought

NEW DELHI: Taking note of several cases of tourists being fleeced and harassed by touts, a parliamentary committee has strongly recommended enactment of a specific law to ensure their safety. Expressing surprise at the absence of any specific law to deal with the tout menace, the parliamentary committee on tourism said safety and security of tourists is paramount and should be looked into serio..

Posted in news |   140 Views


Lawyers to observe 'black day' on Feb 27

New Delhi: Lawyers across the country will observe 'black day' on February 27 to protest against the police lathicharge in the Chennai High Court premises last week. The decision was taken by the Bar Council of India which condemned the February 19 incident in which several persons, including a judge of the Madras High Court, were injured in a clash between the police and lawyers. "We appeal..

Posted in news |   176 Views


Judge Faulted

The Commission on Judicial Conduct has recommended that a Monroe County, N.Y., Family Court judge be censured for repeatedly requiring her secretary to perform personal chores, including baby-sitting her children and typing documents and correspondence for her husband. Judge Dandrea L. Ruhlmann's misconduct took place in 2004, her first year on the bench. The judge told the panel that, at the ..

Posted in news |   247 Views


Govt speeds up tax refunds for exporters

Concerned over the plight of exporters due to a shrinking market, the government on Thursday offered succour to the industry to pull through this phase by speeding up refunds and easing curbs on raw material imports. It also threw in a Rs 325 crore package for the leather and textile sector that has seen the maximum erosion in business and loss of jobs. In the interim Foreign Trade Policy un..

Posted in news |   134 Views


PTI: Satyam Employees to lose 2 Months' Salary

Satyam Computers have decided hold back the two months' salaries of its employees. There have been rumours that Satyam will sack over 10,000 workers in the coming weeks. Even though Satyam denied holding back the salaries of its employees, the PTI quoted employees who said they have received an e-mail saying the company would hold back salaries for two months and asked staffers to bear with it...

Posted in news |   141 Views


Inflation at 15-month low of 3.36 per cent

Inflation declined to about a 15-month low of 3.36 per cent mainly due to fall in the prices food articles like fruit and vegetables, pulses, and some manufactured items, raising hopes of cuts in the key policy rates by the RBI. Wholesale price based inflation declined by 0.56 percentage points during the week ended February 14 against 3.92 per cent in the previous week. On Wednesday, the go..

Posted in news |   142 Views


SC appoints panel to inquire into Madras HC clashes

The Supreme Court on Thursdayappointed a committee headed by retired judge B. Srikrishna to inquire into the clashes between lawyers and police in the Madras High Court on February 19. A bench headed by Chief Justice K.G. Balakrishnan asked the committee to submit its interim report within two weeks. The bench said the committee would consider taking immediate action against police officers ..

Posted in news |   177 Views


Court redefines `official secret', relief to scribe

NEW DELHI: In a major boost to freedom of press, a Delhi court has ruled that the publication of a document merely labelled ``secret'' shall not render the journalist liable under the colonial relic, Official Secrets Act 1923 (OSA). Additional sessions judge Inder Jeet Singh discharged journalist Santanu Saikia in a case booked against him by the CBI 10 years ago for publishing the contents of..

Posted in news |   156 Views


Madras High Court reopens, lawyers stay away

CHENNAI: The Madras High Court resumed its functioning on Wednesday, five days after it was ordered to be closed by acting Chief Justice S J Mukhopathaya following a clash between lawyers and police in the court premises. But, lawyers including government advocates, stayed away, with judges seen sitting in empty court halls. However, the court staff turned up for duty. Meanwhile, the fast b..

Posted in news |   175 Views


New Madras High Court CJ to be sworn in on March 9

Justice Hemant Laxman Gokhale will be sworn-in Chief Justice of the Madras High Court on March 9. Gokhale, at present Chief Justice of Allahabad High Court, has been recently cleared to take over as the Chief Justice of Madras High Court by President Pratibha Patil. He comes in place of Justice A K Ganguly, who was elevated as a judge of the Supreme Court in December last. Since then, Justic..

Posted in news |   172 Views


NHRC pulls up Delhi police over missing children

The National Human Rights Commission (NHRC) has taken suo motu cognizance of media reports on children missing from East Delhi and issued notice to Delhi Police Commissioner calling for a "factual report" on the matter within four weeks. In all, 15 children including three from a single family were reported to have gone missing in recent times in the national capital, the NHRC said quoting medi..

Posted in news |   148 Views


Price Waterhouse objects to Satyam observations

Requests the board to inform the specific findings ‘As victims of the fraud, we remain keen to get to the bottom of what transpired.’ Price Waterhouse has expressed anguish over the conclusion by the Government-appointed board of directors of Satyam Computer Services that the auditing was not “up to the mark” and termed the view as “premature”. While tendering the firm’s resignation as..

Posted in news |   220 Views


Chargesheet filed in 26/11 case; Kasab, Lakhvi named

Three months after the terror attacks which claimed over 160 lives here, Mumbai police on Wednesday filed the chargesheet in the case naming 38 people including Pakistani nationals Mohammed Ajmal Amir Kasab and suspected mastermind Zaki-ur-Rehman Lakhvi. Indian nationals Fahim Ansari and Sabbauddin Ahmed, arrested in the case for allegedly carrying out a recee of the targets for the attacks, ha..

Posted in news |   143 Views


Highlights of Obama's address to Congress

Following are the highlights of US President Barack Obama's maiden address to the Congress: *Terrorists will not be allowed to plot against the US from safe havens "half a world away". * US will work with allies and friends to forge a new and comprehensive strategy to defeat Al-Qaeda and combat extremism. * US will soon announce a way forward in Iraq that leaves the country to its people ..

Posted in news |   132 Views


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