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IMF wants India to eliminate mandatory investment norms
The International Monetary Fund (IMF) wants India to gradually eliminate the norms that make it mandatory for banks and other saving funds to park a portion of their funds in government securities.

Indian eco may grow at 7% in FY09-10: PMEAC
On the back of robust economic growth at about 8 per cent in the second quarter of the fiscal, the Prime Minister"s economic panel today said the economy is likely to grow by 7 per cent in the current fiscal.

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Fonseka announces candidature for polls
Sri Lanka’s former top general Sarath Fonseka, who quit following a spat with President Mahinda Rajapaksa, today announced that he will be the joint candidate of opposition parties in the Presidential polls slated for January 26 next year.
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Crisis in Karnataka BJP continues

Crisis in Karnataka BJP continued today with dissidents persisting with their demand for the removal of Chief Minister B S Yuddyurappa, who said that the party leadership is evolving a "new formula" to end the stalemate. - Yeddy"s emissaries meet BJP top leaders - Keeping Bush at arm"s length - Narendra Modi"s condition improves - Raja accuses NDA of Rs 1.6 lakh cr telecom scam - PM sounds caution on financial reforms - BJP rebels firm on change in leadership Pressing their demand, the rebel group claimed the central leadership had not decided in favour of continuing with Yeddyurappa as Chief Minister. Tourism Minister Janardhana Reddy, who has been camping in New Delhi, met senior party leader Sushma Swaraj as part of his oust Yeddyurappa campaign. "In the interest of BJP and the workers in Karnataka, we need a very good leadership in the state. Whatever my stand is, I am not changing," he told reporters in Delhi. State Revenue Minister Karunakara Reddy, spearheading the campaign along with his brother Janardhana Reddy, described as "lies and creation of the media", reports quoting BJP Chief President Rajnath Singh as saying that Yeddyurappa would continue. Talking to reporters in Bangalore, he said Singh had not told them about it (continuation of Yeddyurappa) and a decision (on leadership change) could not be taken within a few hours.


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