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Sunil Sethi: Why we can't remember dates
Everyone with a reasonable memory remembers 26/11, but how many can instantly recall 31/10, 21/5 or 6/12? Those were equally shattering dates in the nation’s political calendar that led to convulsive bloodletting, grief and trauma. They are the dates when Indira Gandhi and Rajiv Gandhi were assassinated and the Babri Masjid was demolished. Public memory is notoriously short, but unless personally affected by tragedy, catastrophic moments lie chiefly in the province of chroniclers of history. There are thousands of others who perished in other recent calamities, natural or man-made — terrorist strikes, Naxalite encounters, floods, earthquakes and rail accidents — but can anyone precisely recall when? Of course not.

Balrampur, Bajaj Hind deal off
Balrampur Chini has called off the deal it was looking to enter into with Bajaj Hindusthan after initial talks. In a communication to the stock exchanges, Balrampur Chini said “some discussions were held with Bajaj Hindusthan on future business strategies”. It said the promoters had not entered into any agreement with any party for sale of their stake.

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Private equity inflow into smes drops by 32 per cent
The number of deals came down to 80 in 2009, from 127 in 2008.
International Business

CAG guidance sought for auditing local bodies

The Karnataka government today sought the guidance of the Comptroller and Auditor General (CAG) for auditing accounts of local bodies in the state. - A V Rajwade: Curbing capital flows">A V Rajwade: Curbing capital flows - Lupin sales growth leaps over volume growth - IIMs' glo-cal dilemma - CME looks to buy Chicago Board Options Exchange - Birsa varsity under CAG scanner for irregularities - CAG yet to begin audit of RIL books Chief minister B S Yeddyurappa held a meeting with the CAG, Vinod Rai, and discussed issues related to finance and auditing. “We placed a proposal to assign to the CAG the role of providing technical guidance for the audit of major local bodies like City corporations of the State,” Yeddyurappa said. “In view of the huge capital and revenue expenditure incurred by these bodies, such supervision by the CAG will be very useful,” he told reporters. Noting that the first CAG of India was Narahari Rao from Karnataka, Yeddyurappa sought suggestions on the steps to be taken by the state government during the economic slowdown. Karnataka was the first state to legislate the Fiscal Responsibility Act in 2002 and “we are in revenue surplus from 2004-05 till date”, the chief minister said. Rai hailed the government for the manner in which it handled the state finances and the rehabilitation work it had taken up in rain-affected districts of North Karnataka.


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