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Mundell wins Nobel Economics Prize
STOCKHOLM, Oct 13 (Reuters) — Mr Robert Mundell,
whose research on monetary and fiscal policy under
different exchange rate regimes pointed the way to
Europe’s economic and monetary union, won the 1999
Nobel Prize for Economics today. "Robert Mundell has
established the foundation for the theory which dominates
practical policy considerations of monetary and fiscal
policy in open economies,’’ the Royal Swedish
Academy of Sciences said in awarding the prize.Fodder scam case
PATNA, Oct 13 (PTI) — The Central Bureau of
Investigation has filed yet another charge sheet against
55 accused in a regular case of the fodder scam. The
investigating agency’s standing counsel, Mr L.R.
Ansari, submitted the charge sheet in the court of the
designated CBI Judge, Mr S. K. Lal, in connection with
case no 57(a)/96 of the multi-crore scam that deals with
fraudulent withdrawals of Rs 9.90 crore from the Gumla
treasury by state Animal Husbandry Department officials
through "fake and forged’’ bill.
Lok Sabha
session
NEW DELHI, Oct 13 (UNI) — The first session of the
13th Lok Sabha will be held from October 20 to 29 for
oath and affirmation of the newly elected members,
election of the Speaker and other important business. The
decision to this effect was taken by the Union Cabinet
here today. While the first two days will be devoted to
oath and affirmation of the new members by a protem
Speaker to be appointed by President K.R. Narayanan, the
main agenda on October 22 is to elect a new Speaker.
Kerala violence
KANNUR, Oct 13 (PTI) — Sporadic incidents of
violence were reported since last night from different
places at Koothuparamba in Kerala’s Kannur district
where bomb attacks on BJP-RSS workers allegedly by CPM
activists yesterday left one person dead and two injured.
Two state-owned buses were damaged by a group of
stone-pelting miscreants at Karetta late last night, the
police said today.
Sunil Dutt
arrested
MUMBAI, Oct 13 (PTI) — Recently-elected Congress MP
Sunil Dutt, Youth Congress leader Charansingh Sapra, and
over 150 party workers today courted arrest in protest
against the hike in diesel prices by the Union Government
recently. Addressing party workers at Hutatma Chowk in
South Mumbai, Sunil Dutt described 35 per cent hike in
diesel prices as "unjustified" and said that it
would raise inflation further.
RAPS unit
KOTA, Oct 13 (PTI) — The third unit of the Rajasthan
Atomic Power Station (RAPS) at Rawatbhata, will become
critical on November 20, director of the project V K
Chaturvedi said. Following permission from the Atomic
Energy Regulatory Board, the 220-megawatt reactor would
go critical on November 20 and would start generating
power by November 30, Mr Chaturvedi said in a statement
today.
3 labourers
killed
NEW DELHI, Oct 13 (PTI) — Three labourers were
killed and two others were seriously injured today when
water gushed in a new water treatment plant they were
cleaning in the Jaffrabad area of North-East Delhi, fire
brigade sources said. While Niranjan (55), Idu (20) and
an unidentified youth died in the plant following heavy
inflow of water, two others Girish (30) and Anurag (20)
were rescued and admitted to the Guru Tegh Bahadur
Hospital in a serious condition, they said.
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