Here is a piece of bad news for mobile operators, who want to tap the huge market for mobile ba-nking: The Reserve Bank of India does not want to delink banks from the mobile banking and wants mobile service providers to tie up with banks for offering banking services on mobile phones.

The BJP on Friday suspended three party MLAs for cross-voting in the just-concluded Rajya Sabha polls. MLAs Banwari Ram from Bihar, Bhimsen Chaudhary from Orissa and Ram Chandra from Jharkhand were suspended for not voting in favour of the BJP candidate or abstaining in the biennial polls on Thursday.

The Reserve Bank of India will continue with its calibrated exit from an expansive monetary policy despite the European crisis, governor, Dr D. Subbarao, said.
“We must do a calibrated exit from the expansionary stance that we had taken during the (global economic) crisis,” Dr Subbarao told reporters on the sidelines of a conference on banking technology.

Hit by the raging Bhopal gas tragedy controversy, the government on Friday began exploring options, including a special compensation package worth Rs 982 crores, for the victims. The compensation package worked out by the Planning Commission is part of comprehensive demands placed before the Centre by successive state governments.

The Mayawati government on Friday decided to hold the local bodies’ elections without party symbols.
A formal decision to this effect was taken at a meeting of the state Cabinet here on Friday.
While chief minister Mayawati had already expressed her inclination to alter the traditional practice of holding elections on party lines, a formal decision was taken by the state cabinet Friday.
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The National Commission for Women (NCW) on Thursday asked for a report from the Delhi police on the alleged torture of a girl along with her friend to death for wanting to marry against the wishes of her family.

With the arrest of six men form the East Angad Nagar area, the Delhi Police’s crime branch has claimed to have solved a murder case which happened in the Preet Vihar area earlier this month.

The Union Cabinet on Thursday cleared the NDMC Amendment Bill 2010, which seeks to make the member of Parliament from New Delhi constituency a member of the New Delhi Municipal Council with voting rights. Also, the total number of MLAs as members of the council will be reduced from three to two. The bill, seeking to amend the NDMC Act (1994), will be tabled in Parliament during its monsoon session.

Following the hike in CNG price, the autorickshaw unions predictably raised the tempo for increasing the fares and threatened to go on strike from Monday if the government did not increase the fares.

THE BACHCHAN clan was greeted by thousands of hysterically shrieking fans at the world premiere of Mani Ratnam’s latest film Raavan, which stars Abhishek Bachchan and his wife Aishwarya Rai Bachchan,