Six people killed, another six missing and 150 injured. And yet, the fire at Jaipur’s Indian Oil Corporation depot blazes away, an entire 36 hours after it began.
The gigantic flames have been contained within the depot’s premises, but all 12 containers have exploded, so the fire is expected to last for another day. There are, after all, 80 lakh litres of petroleum products fueling the fire.
The government has ordered an enquiry, but many experts say large parts of this tragedy have been caused by serious safety violations.Read More
Tags: Jaipur fire, oil company
Here’s looking into all that’s new in Windows 7.
File folders can now be organized into “libraries.” , Removing clutter with a shake
Multitouch sensing, 64-bit operating system,Faster search,Better desktop organization
Remote media streaming, Less security irritants, Device compatibilityand many more.
Microsoft Corp launched Windows 7 on Thursday in its most important release for more than a decade, aiming to win back customers after the disappointing Vista and strengthen its grip on the PC market.
The world’s largest software company, which powers more than 90 per cent of personal computers, has received good reviews for the new operating system, which it hopes will grab back the impetus in new technology from rivals Apple Inc and Google Inc.
“It’s the first really significant release of Windows in a decade,” analyst Brendan Barnicle of Pacific Crest Securities told Reuters Television.More
A 100 basis point hike in the Statutory Liquidity Ratio (SLR) by RBI cannot be ruled out at its policy meet next week, DBS said in a note on Friday.
SLR, now at 24 per cent, is the minimum share of bank deposits to be held in approved government securities.
DBS said the hike in SLR would reverse the 100 basis points cut implemented in November 2008. The SLR was held steady for 11 years before last year’s cut.
DBS also said it expects the first rate hike to come in January 2010.
“Our current forecast is for 200 basis points of hikes in 2010 though another 50-150 basis points of hikes would not come as a big surprise,” said Ramya Suryanarayanan, economist at DBS in Singapore.
At its policy review on Oct. 27, the Reserve Bank of India (RBI), is expected to keep the benchmark lending and borrowing rates on hold, a Reuters poll showed on Friday.
It has been held by the Hon’ble Delhi High Court that no addition under section 68 of the Act can be made to the income of the assessee company on the basis of facts recorded at the time of search. For making addition under section 68 of the money received on account of share application money the burden is on department to bring out material on record to show that the allotees from money was received were bogus.
Rhe in the Finance Act (2) 2009, three new services has been added. Accordingly in which category of Export of Services Rules and Import of Service Rules the same will fall will decide their exemption benefit also. To clear the position, now CBEC issued Notification no. 37/2209 and 38/2009 (annexed below) to classify the new services into different category.
In this case it has been held that the issue of export entitlement is rightly answered by the ITAT relying on the judgment of Jamshri Rajitsinghji Spinning & Weaving Mills Ltd. Vs. Inspecting Assistant Commissioner (41 ITD 142) with which no fault can be found.
Making a strong case for delaying the withdrawal of accommodative monetary stance of the Reserve Bank of India, some of the bank heads who met Governor D Subbarao in the customary pre-credit policy meeting said credit growth might fall short of the central bank’s projection of 20 per cent.“We said the RBI that loan growth for the current year may be around 15-16 per cent
The Delhi Stock Exchange (DSE), which was to start trading on its platform from October, has postponed its plan.On October 7, the Securities and Exchange Board of India (Sebi) issued a circular telling regional stock exchanges to seek its approval before starting trading on their respective platforms if they have not been functioning for over six months
Diwali’, also called Deepavali or festival of ligths, is the abstraction of the Sanskrit word Deepavali - ‘Deep’ means diya (small pots made from clay) or light and ‘Avali’, means a row - meaning a row of diyas or array of lamps. Thus placing small diyas, candles & lamps inside and around the home marks the festival of lights.
