Holding in SAIL by 20%

The government is set to dilute its holding in Steel Authority of India Ltd by 20%. While the company will make a fresh issue of 10% equity, the government will divest 10% of its stake. At current prices, the combined 20% sale would raise almost Rs 17,000 crore from the market.

The fresh issue will be used to part-finance SAIL’s Rs 70,000-crore expansion program. Steel minister Virbhadra Singh, in a written statement to the Lok Sabha, said the disinvestment would be in two tranches of 10% each, and be a mix of fresh issue and sale of government shares. Full News...

FBI Team In India

U.S. President Barrack Obama is sending a high-level Federal Bureau of Investigation (FBI) team to India in a week to share “all details” of its probe into the plans and network of U.S. terror suspect David Headley and his Pakistani-Canadian associate Tahawwur Rana. National Security Adviser M.K. Narayanan on Sunday said Mr. Obama told Prime Minister Manmohan Singh that he was seized of the case related to Headley and Rana, Lashkar-e-Taiba operatives arrested on the charge of plotting attacks in India.

19 lack Needy don’t have ration cards in Delhi

By the Delhi government unravels a shocking tale of hunger, poverty and a public distribution system mired in corruption. Out of 39 lakh individuals surveyed, almost 19 lakh most of them needy did not have ration cards and, in turn, no access to subsidized food grains or recognized proof of identity. Carried out under the Mission Convergence programme, the survey aimed at identifying the vulnerable and building a database for targeted intervention. Individuals in nine lakh households across slums, JJ clusters and resettlement colonies were surveyed in two phases. The data shows that almost 49% of the 55,608 differently-able surveyed were without ration cards. Of 81,618 widows, 33.5% did not have ration cards while out of 97,823 women-headed households 34.6% had no cards. The Central government's PDS programme has set a fixed limit for each state in terms of granting a subsidy for ration. For Delhi, this limit is around 4.09 lakh families, including BPL and Antyodaya card-hol

An Anniversary they won't forget 26 November 2008

our live was changed forever on 26 November 2008. Our nation cried, our beloved Mumbai burned, and many innocent lives were lost. Though many innocent lives were lost but their sacrifices has brought us many good things.From the rubbles and the debris of Taj and Oberoi Hotel, from the bloody ceilings and floors of Chhatrapati Shivaji station Mumbai and Nariman House, from bloody walls of Leopold café and Cama hospital, the love for our nation, Indian nationalism, humanity and unity among us has risen. Real Heroes were born to save the life we thought we lost; stories of love, humanity, unity and courage that will last forever.As I pay tribute to our loved ones, salute to all our Heroes and all who lost their lives in the deadly attack on our beloved Mumbai, I want to say: You are not alone. A proud Indian will never forget “The Mumbai carnage”. “We will not sit quietly, we won’t take it for granted, we will stand up and rise, we will fight back for our nation, On November 26, 2009,

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