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Centre raises wheat MSP but Punjab still unhappy
New manufacturing policy cleared, promises 100 million jobs
New Delhi, October 25
With crucial Assembly elections in Punjab and Uttar Pradesh due next year, the Union Cabinet today approved higher support prices for the 2011-12 Rabi season but failed to satisfy farmers who grow wheat. The Minimum Support Price (MSP) for wheat has been fixed at Rs 1,285 a quintal, Rs 165 more than what was initially fixed last year (Rs 1,120).

Home, auto loans set to get costlier
New Delhi, October 25
It was a Diwali gift for banking customers as the Reserve Bank of India (RBI) announced far-reaching changes for retail banking by deregulating savings account interest rates, abolished penalty on prepayment of home loans but this was tempered by a bad news in the form of another hike in interest rates by 25 basis but signalled a pause in the rate tightening cycle.

The Tribune wishes its readers a safe, happy and prosperous Diwali. Offices of The Tribune will remain closed on Wednesday. The next edition of the paper will appear on Friday, October 28.

A Nihang in traditional finery pays his respects at the illuminated Golden Temple on Diwali eve in Amritsar on Tuesday. Photo: Vishal Kumar

4 hours, 4 attacks, 4 securitymen hurt in J&K
Srinagar, October 25
Within four days of Chief Minister Omar Abdullah announcing the decision to withdraw the Armed Forces Special Powers Act (AFSPA) from some parts of the state, militants today carried out four attacks targeting security personnel in as many hours in the Kashmir Valley, injuring three CRPF jawans and a policeman.

Helicopter straying into PoK
Army will change codes of helipads, call signs in Ladakh
New Delhi October 25
Two days after an Army helicopter strayed into Pakistan occupied Kashmir (PoK) after crossing the Line of Control (LoC) in the Drass sector, the code names of the helipads that dot the Himalayas in Ladakh will be changed along with the calls signs of the pilots of the Army Aviation Corps operating in that militarily sensitive mountainous region.

Owners of acquired land must get relief in 2 years, rules SC
New Delhi, October 25
Land acquisition proceedings lapses if the government fails to make the award within the stipulated two years from the date of declaration, the Supreme Court has ruled. A Bench of Justices GS Singhvi and S J Mukhopadhaya said the time consumed by court litigations should be excluded.

Ramesh writes to Maya over misuse of NREGA scheme
New Delhi, October 25
Rural Development Minister Jairam Ramesh today shot off a letter to Uttar Pradesh Chief Minister Mayawati asking why the CBI should not probe into the misuse of the Mahatama Gandhi National Rural Employment Guarantee Act (MGNREGA) in the state.