New Delhi

Government extends scope of 13th Finance Commission

13th Finance CommissionNew Delhi, July 31 : The Union Government has mandated the 13th Finance Commission to map the road for fiscal accounting of liabilities on account of oil, food and fertiliser bonds.

“Cabinet has approved extension of Terms of Reference of 13th Finance Commission having regard to the need to bring liabilities of the central government on account of oil, food and fertiliser bonds into fiscal accounting,” Information and Broadcasting Minister P R Dasmunsi told reporters here.

Karat refuses alliance with UPA after general elections

Prakash KaratNew Delhi, July : Communist Party of India (CPI-M) General Secretary Prakash Karat today refused any possibility of any party alliance with the United Progressive Alliance even after general elections due next year.

He said: “It is all over with the Congress. We will not go with the Congress-led UPA even after next polls.”

Karat also made it clear that Bahujan Samaj Party Chief Mayawati was not their prime ministerial candidate for the coming polls.

He said: "Our current relationship with the BSP is an electoral adjustment."

Inflation rises marginally to 11.98 percent

Inflation Rate 11.98%New Delhi, July 31 : Inflation has marginally risen to 11.98

U.S. Congress resolution aimed at politicising Olympics: Spokesman

US China FlagNew Delhi, July 31  A spokesman for the Beijing Olympic Games said here on Thursday

Need for collective action among SAARC countries: Navtej Sarna

Navtej SarnaNew Delhi, July 31 : Emphasizing the need for a "collective action" among the SAARC countries to tackle the menace, External Affairs Ministry Spokesman Navtej Sarna today said that the Kabul attack “underlines how vulnerable” South Asia is as far as terrorism is concerned.

He also said that there is a need to have crime free atmosphere to ensure growth.

Referring to the proposed agreement for the SAARC Mutual Legal Assistance in Criminal Matters he said it would be effective in dealing with crimes in the region.

India has been keen for having such a legal mechanism for effectively dealing with the menace as.

S. Korean TV in tight spot over Olympics opening rehearsal

New Delhi, July 31 : A media official attached with the Beijing Olympic Games Organising Committee (BOGOC) has expressed his disappointment over a South Korean TV station broadcasting footage of a dress rehearsal of the Beijing Olympics opening.

“We are disappointed they did that, but the fragments cannot give the audience a full picture of the opening ceremony,” said Sun Weide, a media official with the organizing committee of the Beijing Games, Xinhua reported.

“Let’s wait for the wonderful performances when the Games open on August 8,” he said at a press conference.

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