Here is a piece of bad news for mobile operators, who want to tap the huge market for mobile ba-nking: The Reserve Bank of India does not want to delink banks from the mobile banking and wants mobile service providers to tie up with banks for offering banking services on mobile phones.

The BJP on Friday suspended three party MLAs for cross-voting in the just-concluded Rajya Sabha polls. MLAs Banwari Ram from Bihar, Bhimsen Chaudhary from Orissa and Ram Chandra from Jharkhand were suspended for not voting in favour of the BJP candidate or abstaining in the biennial polls on Thursday.

The Reserve Bank of India will continue with its calibrated exit from an expansive monetary policy despite the European crisis, governor, Dr D. Subbarao, said.
“We must do a calibrated exit from the expansionary stance that we had taken during the (global economic) crisis,” Dr Subbarao told reporters on the sidelines of a conference on banking technology.

Hit by the raging Bhopal gas tragedy controversy, the government on Friday began exploring options, including a special compensation package worth Rs 982 crores, for the victims. The compensation package worked out by the Planning Commission is part of comprehensive demands placed before the Centre by successive state governments.

The Mayawati government on Friday decided to hold the local bodies’ elections without party symbols.
A formal decision to this effect was taken at a meeting of the state Cabinet here on Friday.
While chief minister Mayawati had already expressed her inclination to alter the traditional practice of holding elections on party lines, a formal decision was taken by the state cabinet Friday.
“

The BJP on Friday suspended three party MLAs for cross-voting in the just-concluded Rajya Sabha polls. MLAs Banwari Ram from Bihar, Bhimsen Chaudhary from Orissa and Ram Chandra from Jharkhand were suspended for not voting in favour of the BJP candidate or abstaining in the biennial polls on Thursday.

Dozens of pro-independence Jammu Kashmiri Liberation Front (JKLF) activists, led by its chairman Muhammad Yasin Malik, on Friday courted arrest to protest against what it alleged are increasing human rights violations by Indian security forces.

The damp squib for the BJP on the hoardings issue has forced the party to consider bringing in a formal no-confidence proposal against the municipal commissioner in the MCD House.

Commercial establishments running from within the premises of the Delhi Metro stations will be allowed to continue with their business but will have to pay the property tax and also secure trade licence from the MCD. Earlier, the commercial establishments have been claiming that they were not required to get any approval from the urban local body (ULB) or pay them taxes.

The Delhi government’s urban development department on Friday came out with revised instructions for rational and scientific utilisation of MLALAD funds. “The new instructions will facilitate early execution of works by the agencies,” stated urban development and finance minister Dr A.K. Walia.