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Thursday, April 26, 2012, Chandigarh, India
Edition update time 2:30 am (IST)

Latest news, updated at 5:00 pm

 Uproar in Lok Sabha over Bofors issue...more
 
Gilani convicted, Oppn demands his ouster...more
 
Anna Hazare lauds Raj Thackeray...more

S&P cuts India’s economic outlook
* Global credit rating agency gives India lowest investment grade
* Govt says no need to panic
Pranab Mukherjee, Finance MinisterNew Delhi, April 25
Global agency Standard and Poor’s (S&P) today lowered India's rating outlook to negative and warned of a downgrade in two years. The silver lining is that this warning could provide the desperate trigger for the government to push through much-needed reforms for the economy.

Business page: Britain slips into recession again
India Inc asks govt to give thrust to reforms

Bofors slugfest as ex-agent clears Rajiv on payoffs, but not on Q
New Delhi, April 25
Amitabh BachchanEven as the BJP decided to rake up afresh the Bofors gun issue after latest disclosures in the media today by the former Swedish investigator Sten Lindstrom that Rajiv Gandhi had protected the identity of Italian businessman Ottavio Quattrocchi, the Congress party interpreted this as a vindication that Rajiv was not involved in the Bofors gun payoff.



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MoD ‘bugging’: Tejinder Singh takes Army Chief to apex court
Wants CBI probe into his ‘role’, alleges misconduct
Lt Gen Tejinder Singh (retd)Gen VK SinghNew Delhi, April 25
Lt Gen Tejinder Singh (retd) today moved the Supreme Court seeking a CBI probe into the alleged role of outgoing Army Chief Gen VK Singh in the reported bugging of the Defence Minister’s office.
FRESH FACE-OFF: Lt Gen Tejinder Singh (retd) & Gen VK Singh

Contempt case
Gilani to be in court today as SC announces verdict
Yousuf Raza GilaniAs Pakistan waits with baited breath for the Supreme Court's judgment in a contempt case against embattled Prime Minister Yousuf Raza Gilani that could see him jailed or thrown out of office, the latter on Wednesday said he would be present in the court when it will announce its verdict tomorrow.

Liberalised India, Pak visa pact soon: Krishna
New Delhi, April 25
India and Pakistan will sign a liberalised visa agreement when the Home/ Interior secretaries of the two countries meet soon, External Affairs Minister S M Krishna said today.

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Maj Gen alleges illegal detention since Aug 2009
Delhi HC extends stay on trial
Chandigarh, April 25
While the Delhi High Court today extended the stay on the trial by general court martial (GCM) of Maj Gen Anil Sarup, who is facing trial for alleged irregularities in procurement of equipment for troops proceeding on a UN peacekeeping mission, till May 21, the officer has moved a fresh application contending that he is being “illegally” kept in military custody since being placed under arrest in August 2009.

jalandhar tragedy
Probe panel set to start work; report likely in 2 months
Chandigarh, April 25
The three-member inquiry committee constituted by the Punjab government to look into the flaws and shortcomings that led to the collapse of the Shital Fibres unit at Jalandhar, claiming 24 lives, will begin proceedings from tomorrow.


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