The government on Tuesday wondered why Team Anna keeps on issuing warnings when the Centre has repeatedly announced its commitment to bring a strong Lokpal Bill at the earliest.

“This has been said by Anna and his associates many times. Before campaigning against Congress in Hisar also, they had said that they would compel the government to bring Lokpal bill... I do not know why they are making such statements when there is no need to compel the government for it," information and broadcasting minister Ambika Soni told reporters here. (PTI)


Will resume fast if Jan Lokpal Bill not passed: Hazare to PM

Anna Hazare on Tuesday threatened to resume his fast on the last day of Parliament’s Winter Session if the government fails to get a strong Jan Lokpal Bill passed by then.

AnnaHazare, Arvind Kejriwal, Prashant Bhushan and Kiran Bedi at a press conference after their meeting at Ralegan Siddhi in Ahmednagar on Sunday. PTI

Hazare, who called off his 12-day hunger strike in Ramlila Maidan in August after eliciting a promise that his concerns will be addressed, said his team will also travel to various states to educate people about the need for a strong Jan Lokpal Bill when he resumes his fast. (PTI)


Team Anna got 2.9 crore in donations

Team Anna collected donations of 2.94 crore in the past six months out of which 1.14 crore came during Anna Hazare’s 12-day hunger strike in Ramlila Maidan.

According to Team Anna, a total of 27,505 people, including 25,023 during Ramlila agitation, contributed financially to the anti-corruption movement with 25 lakh being the highest donation and over 400 donating more than 10,000.

Out of the 2.94 crore it collected during the six months, they have decided to return 42.55 lakh to donors who “did not provide their complete details and their sources of funding", leaving 2.51 crore with them.

The Public Cause Research Foundation (PCRF), the secretariat for the movement, made public its audit report for six months starting April one following allegations of financial misconduct by activist Arvind Kejriwal. (PTI)


Bharti approaches TDSAT against TTSL on SMS termination charge

Bharti Airtel on Tuesday moved telecom tribunal TDSAT seeking a directive to rival Tata Teleservices on payment of 287 crore towards termination charges for SMSes.

The telecom disputes settlement and appellate tribunal (TDSAT) issued notice to TTSL and directed it to file its reply within two weeks.

Meanwhile, the tribunal has also asked Bharti Airtel to file rejoinder over the reply filed by TTSL within a week and directed to list the matter on 24 November for an interim order.

Termination charges are paid by an operator from whose network calls or SMSes originate to the one on whose network these communications end. These charges impact tariffs. (PTI)


IIT Mumbai, Amity submit bids for engg campuses in New York

The Indian Institute of Technology, Mumbai and Noida-based Amity University are among 15 institutions worldwide that have sumitted bids to the city of New York to set up a science and engineering campus here under a plan by Mayor Michael Bloomberg to drive local economic growth and create jobs.

The city received seven proposals from a total of 17 institutions. Name of the selected institute would be announced in January after an extensive selection process. (PTI)


Trai raises SMS limit to 200 SMS per day per SIM

Telecom consumers will now be able to send up to 200 SMSes per day from a SIM, as against the earlier limit of just 100 SMSes per day imposed by the Telecom Regulatory Authority of India (Trai).

“The authority has received representations from some of the service providers and consumers to increase the limit of 100 SMSes per day per SIM. The authority has considered these representations and decided to increase the limit of 100 SMSes per day per SIM to 200 SMSes per day per SIM," Trai said in a statement on Tuesday. (PTI)


Jaya moves SC challenging Bangalore court order to reappear

Tamil Nadu chief minister J Jayalalithaa today moved the Supreme Court challenging the Bangalore trial court’s order directing her to appear before it again on 8 November in a disproportionate assets case.

Challenging the order, the AIADMK chief alleged in her petition that as per the apex court’s direction she had already appeared before the court on 20-21 October and she cannot be summoned again.

She pleaded that as per the apex court’s order she was supposed to personally appear before the trial court only once and she cannot be forced to appear before it again.

The trial of the disproportionate assets case, allegedly involving accumulation of assets worth over 66 crore by Jayalalithaa between 1991 and 1996 is going on in Bangalore court. (PTI)


ONGC nominee directors resign from MRPL board

Mangalore Refinery and Petrochemicals Ltd (MRPL) on Tuesday said two directors nominated by ONGC have resigned from its board with immediate effect.

The two nominee directors — K S Jamestin and A K Hazarika — have resigned from the board of MRPL following withdrawal of their nomination as directors by ONGC with immediate effect, the company said in a filing to the BSE. The company’s scrip was being quoted 2.64 per cent lower at 62.80 in late afternoon trade on the BSE. (Reuters)


Indonesia seeks India rice, cuts 2011 output forecast

Indonesia wants to buy Indian rice under a government deal to help cover its needs for this year, the head of the country’s state grain buyer said on Tuesday, as it cut its unmilled rice output forecast by 4% on hot weather and disease.

The two have been in talks for several months on rice sales after India lifted a ban in place since 2007 on exports of the grain. It was not clear who Bulog would deal with since there is no equivalent government body in India. Deddy Saleh, director general of foreign trade at Indonesia’s trade ministry, said India’s government could facilitate a business-to-business deal instead of doing a government deal. (Reuters)


Telstra gets telecom licences, to start operation by March 2012

Telecom services provider Telstra International on Tuesday said its Indian joint venture has got three telecom licences to offer national long distance, international long distance and Internet services, and expects to start operations by March 2012.

“We got ILD, NLD and ISP licence in October. Now we are working on set-up infrastructure for rolling out services. We expect to start our operation in the first quarter of 2012," Nathan Bell, director-products and marketing, Telstra International told reporters.

The department of telecommunications awarded three licences viz, international long distance (ILD), national long distance (NLD) and Internet Service Provider licence to Telstra Telecommunications on 11 October. (PTI)


Ratnakar Bank hikes savings bank interest rates

Ratnakar Bank Ltd on Tuesday became the fourth bank to hike its interest rate on savings account deposits as it raised the interest it pays on savings bank deposits to 5.5% from 4%. The hike effective from Tuesday follows the deregulation of the savings bank rate announced by the Reserve Bank of India (RBI) last week. Yes Bank Ltd, Kotak Mahindra Bank Ltd and Indusind Bank Ltd are the other bank which have already hiked their savings bank deposit rates. (Joel Rebello)


Ensure intelligence doesn’t go to Haqqani network: US to Pak

The US has asked Pakistan to make sure that intelligence information does not flow to the Haqqani network as part of efforts to squeeze the dreaded terror group that has attacked American interersts in Afghanistan.

A senior administration official said that there were a range of issues that could help to facilitate in squeezing the Haqqani network from the Pakistani side, and would be very complementary to US efforts on the Afghan side of the border.

“That includes ensuring that intelligence doesn’t go to the Haqqani network, that they address Improvised Explosive Devices (IED) issues, that they don’t benefit from financial resources or flow of finances, that we deal specifically with areas where we know the Haqqani network and the Taliban are based, including kind of key cities along the border," the official said yesterday.

The issue was raised by secretary of state Hillary Clinton, during her recent trip to Islamabad. (PTI)


IndusInd Bank Ltd appoints Arun Khanna as the head for global mkts grp

IndusInd Bank Ltd has announced the appointment of Arun Khurana as the new head of its Global Markets Group.

Khurana takes over from Moses Harding, who will take up a new assignment as Head - ALCO and Economic & Market Research.

Khurana was earlier with the Royal Bank of Scotland (RBS), Singapore, as the Regional Head - Corporate Solutions for the Asia-Pacific region.

In IndusInd Bank, Khurana would be responsible for scaling up the global markets business operations of the bank to meet its growth ambitions and also bring in best-in-class business practices, a statement issued here said.

The Global Markets Group Business vertical is pivotal to IndusInd Bank’s long-term business strategy and the bank would shortly be announcing senior-level hirings within the global markets function to bolster the bank’s treasury businesses.

As part of this move, IndusInd Bank also announced the induction of Rajeev Mahrotri, who has already joined the Bank as head-trading. Prior to joining IndusInd Bank, Rajeev handled senior positions as executive director & managing director with BNP Paribas. (PTI)


Nabam Tuki to be next Arunachal chief minister

Dissident leader Nabam Tuki was on Tuesday chosen as the new Congress Legislature Party leader in Arunachal Pradesh, signalling the end of the weeks-long political drama that culminated in the resignation of chief minister Jarbom Gamlin.

The decision to choose Tuki was taken by the Congress high command.

The swearing-in of Tuki, who led the revolt against Gamlin’s leadership for his alleged ‘authoritarian rule’, as the new chief minister is likely to take place later in the day, according to Raj Bhavan sources. (PTI)


IT Dept sends notices to persons involved in black money cases

The income tax department has started sending notices to persons involved in black money cases on the basis of information received from abroad, even as finance minister Pranab Mukherjee said their names would be disclosed after initiation of prosecution proceedings.

The notices are being sent by the Directorate of Criminal Investigation (DCI) to individuals and entities across countries following scrutiny of classified banking data received from foreign countries about Swiss Bank accounts.

“As and when the information (is received), investigation starts, prosecution takes place (and) matter comes to the court. Then, as per the existing treaty terms, we can reveal the names in cases of prosecution by the Income Tax Department," Mukherjee told reporters when asked whether the government has received information about industrialists and MPs in connection with black money.

The minister had earlier said the government has received information from France about the overseas bank accounts of Indians. “In 69 cases, the taxpayers have admitted to unaccounted income of 397.17 crore. Taxes of 30.07 crore have also been paid," he had said. (PTI)


No summons issued to MPs in blackmoney cases: CBDT

The Central Board of Direct Taxes (CBDT) on Tuesday said that no summonses have been issued to Members of Parliament (MP) in connection with investigation of black money cases.

“It has also been reported (in sections of press) that summons have been issued to some Members of Parliament. This information is factually incorrect and is therefore denied", CBDT said in a release.

The CBDT was responding to media reports that summonses were issued to three MPs from Haryana, Uttar Pradesh and Kerala to appear for questioning at the Delhi office of I-T department’s recently-set up Directorate of Criminal Investigation (DCI) and explain source of funds parked in Geneva accounts. (PTI)


Macau gambling revenue breaks new record in Oct to $3.4 bn

Gambling revenue in Macau broke a new record in October, rising 42% to 26.9 billion patacas ($3.4 billion) , government figures showed on Tuesday, with relentless demand from Chinese visitors continuing to defy concerns over the global economy and a domestic credit squeeze.

October gaming in the world’s largest gambling destination was expected to reach a year-on-year record due to China’s Golden Week holiday, beating a high in August of 24.77 billion patacas.

The former Portuguese colony is the only place in China in which casino gambling is legal, helping it reap revenue gains five times larger than rival Las Vegas. (Reuters)


China’s Purchasing Managers Index drops to 50.4%

China’s Purchasing Managers’ Index (PMI) dropped to 50.4% in October, sparking concerns of contraction in manufacturing output in the fourth quarter of 2011 in the wake of a slowdown in the country’s GDP growth rate in Q3.

The PMI is a gauge of manufacturing expansion. A reading below 50 indicates contraction from the previous month, while a reading above 50 indicates expansion.

After rising for two consecutive months, the PMI is down by 0.8 percentage points from September, the China Federation of Logistics and Purchasing (CFLP) said today.

The CFLP report said the drop indicated the country’s economic growth might continue to slow down in the fourth quarter, but the trend of a moderate economic increase would not change fundamentally.

It estimated that the country’s gross domestic product, or GDP, would grow around 9.2% in 2011.

China’s PMI had declined for four months in a row to a low of 50.7% in July before rebounding to 50.9% in August. (PTI)