Articles: CBI Arrests Satyam Audit Head for Fabricating Books of Accounts
Region: IndiaV.S. Prabhakar Gupta, Senior Vice-President cum Global Head of Audit cell of Mahindra Satyam (erstwhile Satyam Computers) was today (21st Nov’09) arrested by Central Bureau of Investigation on charges of fabricating books of accounts of Satyam Computers and conspiring with other co- accused to defraud the computer giant. Gupta was later produced in court and was remanded to judicial custody till 26th November. Gupta held the same position in the parent company. The arrest came after th... more
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Four Soldiers in Indian President’s Bodyguard Convicted of Rape
Region: IndiaFour soldiers of Army’s Cavalry Regiment on duty as President’s bodyguard were convicted for raping a 17-year-old girl at Budhha Jayanti Park on 6th Oct’03. The victim is a Delhi University student who along with her boyfriend went to the park, which is situated in the backyard of the Presidential House known as ‘Rastrapati Bhawan.’ The soldiers beat up the boy, robbed the couple and then while two raped the girl, taking turns, the other two blocked the ... more
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India: New Income Tax Code to ‘Boost Savings’ is on the Anvil
Region: IndiaFinance minister Pranab Mukherjee along with his predecessor P.Chidambaram released a new Income Tax Code in New Delhi on 12th Aug’09, which seeks to simplify and replace the 48-years-old Income Tax Act 1961. The most salient features of this code are that it boosts savings greatly and highly simplifies tax calculation procedures. Putting the code in public domain for discussion, the finance minister said, “It is a simpler tax code and we expect it will usher in better compliance... more
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CBI Files FIR Against Several Police Officers of Uttarakhand
Region: IndiaConsequent upon the alleged killing of a 24-year-old MBA graduate Ranbir Singh, by the Uttarakhand police in a falls encounter in Dehra Dun on 3rd July’09, the Central Bureau of Investigation (CBI) filed an FIR on 5th Aug’09 against several police officers of Uttarakhand after finding that a ‘prima facie’ case existed against the said police officers in the so called encounter, as per the preliminary report placed by the CBI before the Chief Judicial Magistrate of Dehr... more
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India: Aviation Industry on War Path with the Government
Region: IndiaPrivate Airlines- which started operating for the first time in 1992, after the Narasimha Rao Goverment’s liberalization move led by the then finance minister Dr.Manmohan Singh- threatened to suspend operations on 18th August’2009 to protest against the Manmohan Singh Governemnt’s apathy to cut Taxes on Aviation fuel which these airlines has been demanding for over a year. Private airlines have incurred phenomenal losses during financial year April’08 to March’0... more
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Demolition of LTTE opens a new chapter in Indian sub-continent
Region: IndiaSri Lanka declared a total victory today (18th May’08) in the war against one of the world’s most intractable insurgents, the Liberation Tigers of Tamil Elam (which maintained 7000 strong army in full war gears including fighter planes and a formidable Navy) and took full control of the country after 26 years. The war took an estimated 70000 lives. LTTE started insurgency in 1983 and gradually developed into almost an army, demanding a separate independent Tamil state in the... more
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Fraud Investigation Finds Satyam Auditors Guilty
Region: IndiaIn line with the general apprehension in India that a fraud of the magnitude of Satyam could not have taken place without the active connivance of auditors has proved right when the Serious Fraud Investigation Office (SFIO) has clearly held Price Water House Coopers (PW) guilty of the falsification of accounts of Satyam while giving clean chit to the independent directors. The SFIO also did not find any clean evidence against the then whole time director and senior executive R.Mynampati. Whi... more
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Dalit Student Moves SC Against Racial Discrimination by IIT Kharagpur
Region: IndiaAfter Delhi IIT, it is the turn of Kharagpur IIT, which is facing a racial discrimination charge against a Dalit student, as per a writ filed by the 23 year-old student in the Supreme Court (SC) on 17th Feb’09 accusing IIT Kharagpur (West Bengal) for expelling him for the second time in two years for leading a group of 14 Scheduled Caste students to protest against racial bias and discrimination at the institute. However the institute director D. Acharya taking to press denied the alle... more
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Supreme Court Orders Stern Action Against Ragging In Institutions
Region: IndiaActing on the recommendations of R.K.Raghavan Committee, the Supreme Court (SC) today (11th Feb’09) empowered professional bodies and colleges to suspend students involved in ragging- without immediate probe in appropriate (serious) cases pending final decision and give opportunity to the student concerned (later) to have his say- while observing that, “Ragging in essence is human rights abuse.” Expressing anguish the court observed that seniors under the garb of &lsqu... more
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Second Google 4 Doodle contest
Region: United StatesGoogle has announced 2nd Google 4 doodle contest where all K-12 students are invited for designing homepage logo. This year's theme is “What I wish for world”. To participate in the contest a school has to register with google and a teacher has to submit doodle on behalf of the student. Registration closes at 11:59:59 PM Pacific time on March 17, 2009, and all Doodles need to be submitted by March 31, 2009. The finalist can win prizes such as their Doodle on the Google... more
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