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Andhra Cabinet sworn in again; Rosaiah assumes office
All the ministers of the erstwhile Cabinet of late chief minister YS Rajasekhara Reddy were sworn in on Sunday once again as required under the Constitution. They were administered the oath of office and secrecy by Governor ND Tiwari at a brief ceremony at Raj Bhavan here.

First report on impact of climate change by Nov 2010
The first report on impact of climate change, to be out by November 2010, will be on agriculture, the government today informed the Rajya Sabha.

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'Toothless' MRTP is laid to rest
From September 1, 2009, the Monopolies and Restrictive Trade Practices (MRTP) Act 1969 has been laid to rest, and the Commission will not accept fresh filings. By now all readers are aware of the roadblocks involved, being various court cases, with challenges to the appointment of the chairperson, the status of pending cases and existing employees. Amendments to the Competition Act 2002, and its slow passage in the Houses of Parliament delayed the introduction of an effective anti trust law, a vital element in an open economy which aspires to be a global major.
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Govt richer by Rs 3.5 lakh crore as PSU shares soar

The government became richer by over Rs 3.5 lakh crore in 2007-08 as the value of its shares in state-owned listed companies soared by 65 per cent during the year. - Top 10 firms add Rs 32,000 cr last week - ONGC jumps on fuel price hike - Oil slick - Oil firms: Earnings get a boost - OMCs, ONGC rise on heavy volumes - Landholders delay Mangalore SEZ “The total market value of shares held by the government in these companies (35 PSUs listed on stock exchanges) had gone up by Rs 3.63 lakh crore (64.81 per cent) as on March 31, 2008, compared to March 31, 2007,” the Comptroller and Auditor General said in a report tabled in Parliament on Thursday. The gains which the government shares registered during the course of 2007-08 are more than one-third of the total expenditure of Rs 10 lakh crore proposed for the financial year (2007-08). According to the report, the total market value of shares held by the government in 35 listed companies stood at Rs 9.22 lakh crore as on March 31, 2008. But the value of these shares dipped by around 50 per cent to Rs 4.84 lakh crore on December 1, 2008, following the stock market meltdown. The report added that the market value of the shares during 2007-08 increased by around 58 per cent to Rs 11 lakh crore against the book value of around Rs 3 lakh crore. The large listed-companies include ONGC, NHPC, SAIL, GAIL and NMDC.


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