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Thursday 24 July, 2008.
TOP STORY

Nath asks US to offer "real" cuts in subsidy
Commerce and Industry Minister Kamal Nath, who rejoined the WTO talks in Geneva on Wednesday has said the US must offer "real" cuts in subsidy to its farmers and its proposal to reduce the doles was not in line with the current food prices.

HEADLINES

Markers cheer Govt's survival, Sensex zooms by over 830
The markets cheered UPA govt's winning the confidence vote in a big way with the benchmark Sensex zooming by over 830 points to close the day a tad below the key 15,000 level on renewed buying support in banking, consumer goods and realty stocks.
Trai issues consultation paper on tariff rates
Telecom regulator Trai has issued a consultation paper on a plethora of tariff offers in access service as it is of the view that the existing system needs to be reviewed to further enhance transparency in rate offers.

RBI sets up working group to revive cooperative bank sector
The Reserve Bank has set up an expert group to suggest ways for strengthening the financially weak and unviable urban cooperative banks (UCBs).
Focus now on seeing through economic reforms: Chidambaram
With the UPA government surviving a trust vote without the support of reforms-wary Left parties, Finance Minister P Chidambaram said focus would now be on greater economic liberalisation, including relaxing FDI limit in sectors like insurance.

CORPORATE NEWS
Mahindra Finance Q1 net up 25 pc at Rs 26.76 cr
Audi bullish on India, to launch sports car R8
CURRENCIES Price +/-
 As on 24-July-2008

SECTOR UPDATES
Govt working out on Rs 2,300-cr Air India bailout package
Indian Bank net profit up by 2.64% at Rs 217.62 crore
STOCKS Price +/-
 As on 24-July-2008
OTHER TOP STORIES

Pawar asks Chidambaram to review scrapping cotton import duty
Industry ask PM to hasten reforms process
Remove billboards erected within 40 mtr of NH: Bombay HC
DoT to ask handset makers to follow global radiation norms
Commerce, FinMin to meet on export duty on steel for SEZs
UK to seek NRIs' help to open trade opportunities in India
Rupee rises 43 paise to 7-week high of 42.30 a dlr
Industry hails UPA victory; says focus now should be on reforms
More ...

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CURRENT AFFAIRS
Nine-day Portuguese cultural fest to begin on 7th Nov in Goa
Cementing the bond between India and Portugal, a nine-day special Portuguese cultural festival is planned in Goa this November.
BULLION Price +/-
 As on 24-July-2008
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