Bangalore, May 6 (IANS) A day after the state legislative assembly election, the Karnataka Regulatory Electricity Commission (KERC) Monday recommended an increase of 20-25 paise per unit of power for domestic and commercial users. According to the tariff order posted on the commission’s website, the increase will be 20 paise [...]

New Delhi, May 6 (IANS) Delhi Lokayukta Justice Manmohan Sarin Monday criticised Chief Minister Sheila Dikshit for her and other cabinet minister’s photographs being printed on Delhi government’s loan application form. Bharatiya Janata Party’s (BJP) legislator Harsh Vardhan had complained that Sheila Dikshit and Raj Kumar Chauhan had been misusing [...]

Key directions given by the Supreme Court Monday on operationalising the Kudankulam Nuclear Power Project in Tamil Nadu are: * The plant should not be made operational unless Atomic Energy Regulatory Board (AERB) and Nuclear Power Corporation of India (NPCIL) and department of atomic energy (DAE) accord final clearance … [...]

New Delhi/Chennai, May 6 (IANS) Harmonising issues of public safety and economic development, the Supreme Court Monday said steps to operationalise the first unit of the Kudankulam Nuclear Power Project (KNPP) in Tamil Nadu would continue uninterrupted. “While setting up a project of this nature, we have to have an [...]

Kolkata, May 6 (IANS) After failing to get a private player to set up the proposed Haldia Dock II project at Salukkhali even after extending the stipulated date twice for proposals, the Kolkata Port Trust (KoPT) Monday said it would keep extending the date till it gets suitable proposals. The [...]

New Delhi, May 6 (IANS) A war of words broke out between the Congress and the opposition over the National Food Security Bill that the government tried its best to debate in the LOk Sabha and get passed Monday. The opposition continued to disrupt the house over the coal blocks [...]

Kolkata, May 6 (IANS) With talks on to phase out dredging subsidy to Kolkata Port Trust (KoPT), its chairman R.P.S. Kahlon Monday feared that any such decision would lead to a further decrease in draft level of its riverine port facilities, causing the volume of cargo to decline drastically. “If [...]

Chennai, May 6 (IANS) Tamil Nadu Chief Minister J. Jayalalithaa Monday said her government would upgrade 12,500 acre of barren land into cultivable farm land with adequate water facilities while announcing several schemes for ushering in a second green revolution in the state. “With food production to be affected owing [...]

Bangalore, May 6 (IANS) South Indian Bank Ltd, a leading Kerala-based private sector bank, reported net profit of Rs.502 crore for 2012-13, posting 25 percent year-on-year (YoY) growth over previous fiscal at Rs.402 crore. In a regulatory filing to the Bombay Stock Exchange, the Thrissur-headquartered bank said its total income [...]

New Delhi, May 6 (IANS) The government Monday asked top financial institutions, including State Bank of India, Punjab National Bank and the Life Insurance Corporation, to probe into the allegations of money laundering as exposed in a sting operation by an investigative website Cobrapost. Financial Services Secretary Rajiv Takru has [...]