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Wednesday, July 15, 1998

Cong turn sends Bill to cold storage
As the Congress took a crucial turn on the Women's Reservation Bill yesterday, Lok Sabha Speaker G M C Balayogi deferred the legislation indefinitely in the House and put the very form of the Bill at stake amid indications that a new one could replace the current enactment. As indicated on Monday, Balayogi put the Bill into cold storage after major political parties felt it was the best way out of the impasse created by stiff opposition from male members of Parliament.

US may redefine sanctions to cut deals
Making the baffling assertion that Washington wants sanctions to "ideally... have roughly the same effect on India as they do on Pakistan," the Clinton administration has sought Congressional waivers on various sanction laws so that it would have greater leverage and flexibility to deal with the South Asia situation. In a landmark hearing, Assistant Secretary of State for South Asia, Karl Inderfurth, specifically sought waivers on the Glenn, Symington and Pressler laws.

SEBI order to haul up Lever "not justified"
The Ministry of Finance on Tuesday struck down the SEBI's order of prosecution against five directors of Hindustan Lever Ltd (HLL) and payment of compensation of Rs 3.04 crore to the Unit Trust of India in the alleged insider trading case in the purchase of eight lakh shares of Brooke Bond Lipton India Ltd (BBLIL). The ministry said that SEBI's move to haul HLL up was without justication.

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SEBI may move HC against verdict
The Securities and Exchange Board of India (SEBI) is expected to challenge the verdict (in the Hindustan Lever insider trading case) of the appellate authority in the finance ministry in the High Court. SEBI chairman D R Mehta, however, said that the order was still being examined and declined to comment on the future course of action SEBI would adopt.

 


LEISURE
  Making of the Mahatma
  Straightening the leaning tower of Pisa by a mere 40 cms

SPORTS
  Indians falter at Open
  Ronaldo suffered convulsions before final

EXPRESSIONS
  Standing Nehru on his head
  The Jain joke and Congress blunder

BUSINESS
  NTPC seeks nod for $ 1.2 bn ECB
  BIFR solution for cellular companies

GENERAL
  Cyclone costs insurance cos Rs 1,200 cr
  Oldest east coast port in ruins due to years of neglect

POLITICS
  Congress blames BJP for Women's Bill fiasco
  BJP to fight Deputy Speaker election

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