From: blrv1@verifone.com (M.G.Balakrishna Rao)
Subject: News Clips - Sept 9
Organization: VeriFone, Bangalore
Date: Wed, 9 Sep 92 12:09:52 GMT


From	: M.G.Balakrishna Rao
Source	: Deccan Herald
Date	: Sept 5 - 8, 1992


SEPTEMBER 5
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BOFORS MOVES SC AGAINST HC VERDICT, OBTAINS PARTIAL STAY
NEW DELHI- The Supreme Court today partially stayed the operation
of the Delhi High Court judgement in the Bofors case that quashed
the FIR and the letters rogatory, by ryling that 'judgement shall
not be utilised in any frozen bank accounts or release of any
information or documents.'

GO AHEAD WITH BOFORS CASE, CBI TELLS SWISS

41 KILLED IN MP TRAIN ACCIDENT

DOCUMENT SEIZED
JPC FINDS MOVE TO INFLUENCE SCAM PROBE
NEW DELHI- The 30-member Joint Parliamentary Committee probing the
multi-crore securities scam has found evidence of attempts by the
Finance Ministry and called upon the Speaker of the Lok Sabha to
decide on the matter.

VP SINGH HAILS BENAZIR BUTTO'S MOVE FOR LEADER'S MEET

BID TO SIDELINE KERALA CM'S SON

54 FEARED DEAD IN UP RAINS

11 PILGRIMS KILLED IN STAMPEDE
BOMBAY- Eleven pilgrims were killed and 18 others seriously injured
in a stampede during immersion ceremony of the 40-day festival at the
temple of "Lord Jhulehal" (Varum Devta) at Ullasnagar, in nearby Thane
district, about 56 kms from here, today evening.

MORE PSUs IN KERALA TO BE DISINVESTED

DoT RANKS 14 BIDDERS FOR CELLULAR PHONE OPERATIONS
BANGALORE- The Department of Telecommunications has ranked the 14 bidders
who have sought for cellular phone operations in the four metropolitan
cities of the country. The rank list based on the rentals was now before
the Telecom Commission members and was likely to be placed before the
apex body constitued by Union Communications Minister Rajesh Pilot
in a week's time for their final approval. I.

SRI LANKA CLINCH ONE-DAY SERIES
COLOMBO- Sri Lanka clinched their one-day series against Australia by
scoring a gripping five-wicket win with seven balls to spare in their
second one-day international at the Khettarama Stadium here today.

SEPTEMBER 6
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CBI AWAITING SWISS RESPONSE ON BOFORS CASE
NEW DELHI- The Central Bureau of Investigation is awaiting the response
of the Swiss authorities on the message sent on Friday urging them to
go ahead with the pronouncement of the Geneva Cantonal Court verdict in
the bofors kickbacks case.

MINISTERS, TOP POLITICIANS TO DEPOSE BEFORE JPC
NEW DELHI- The three study groups appointed by the Joint Parliamentary
Committee (JPC) has submitted a list of 78 persons to the plenary session
of JPC, to be called as witnesses before it.

PUNJAB ULTRAS STRIKE IN CALCUTTA
CALCUTTA- Punjab terrorists struck in Calcutta for the first time on
Thursday when a band of four men shot dead one Pritam Singh who had
recently arrived from Amritsar at a house in South Calcutta.

KALYAN SINGH VOWS TO BUILD TEMPLE AT AYODHYA AT ALL COSTS

NEW TELECOM POLICY TO BE ANNOUNCED NEXT WEEK

AUTOMATIC APPROVAL FOR BUYING SHIPS CLEARED
NEW DELHI- The Government has decided to give automatic approval for
shipping companies to purchase all categories for ships except oil
tankers and off-shore, vessels with immediate effect.

SEPTEMBER 7
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JPC DOCUMENTS - NO BREACH OF PRIVILEGE, SAYS MANMOHAN
NEW DELH- Finance Minister Manmohan Singh today said Minister of State
for Finance Rameshwar Thakur had not committed any breach of privilege
by circulating certain documents to some members of the Joint Parliamentary
Committee (JPC) probing the multi-crore rupee securities scam.

NO PROGRESS IN KASHMIR TALKS WITH PAK PM SHARIEF: SAYS PM PVN RAO

RBI FOR QUICK FINANCIAL REFORMS
BOMBAY- The Reserve Bank of India (RBI), now looking afresh at its own
operations and organisational structure and staffing in the aftermath of
the securities scandal, had advocated that pace of financial sector reform
be hastended, stressing that the irregularities should not put the block
of reforms back.

DEFENCE MINISTER PAWAR IN RUSSIA: HOPEFUL OF RUSSIAN SUPPORT

'LTTE, DMK PLOTTED TO KILL RAJIV'
NEW DELHI- Mr. Rajiv Gandhi was assassinated as result of a conspiracy
hatched by the LTTE in connivance with active members of the Dravida
Munnetra Kazhagam (DMK)' as per an affidavit before the Jain Commission
of inquiry.

PAK OBSERVERS 1965 WAR ANNIVERSARY
ISLAMABAD- Pakistan's leaders marked the 27th anniversary of its 1965 war
with India on Sunday by warning the nation of continued Indian threat to
its security.

SIX J & K SECURITYMEN KILLED IN CLASHES WITH MILITANTS

ISRO MISSION TO MERCURY BY AD 2000
NEW DELHI- India's first planetary destinations is likely to be Mercury,
the smallest and nearest planet to the sun in the nine-member solar family.
An Indian Space Research Organisations(ISRO) study has recommended a
mission to Mercury by the turn of the century, first as a flyby and then
as an orbiter, Dr.K.Kasturirangan, Director, ISRO Satellite Centre,
Bangalore, said.

SILVER IMPORT SCHEME IN THE OFFING
NEW DELHI- A scheme of allow import duty exemption to seizable section, of
the tiny sector and liberalisation of the baggage rules are understood to
be in the offing.

FIRST CONSIGNMENT OF US SOYA OIL ARRIVES
BOMBAY- The first shipment of about 19,000 tonnes of crude degummed
soyabean oil arrived at the Bombay port on Tuesday last as part of one
lakh tonne soyabean import during 1992 and 1993 from the United States
following an agreement signed by India with US Agency for International
Development (US AID) for a value of $ 50 million per year.

'INDIA OFFERS BEST PROFIT MARGINS IN SOFTWARE EXPORTS'
SINGAPORE- Several executives of Singapore companies which have set up
computer software subsidiaries in Bangalore, say India offers perhaps
the world's highest profit margins for software exports-about 50 per cent
a newspaper reported here today.

INFLATION RATE DIPS TO 7.75PC

VIJAY'S BLUEPRINT FOR INDIAN SPORTS
NEW DELHI- Inidan tennis star Vijay Amritraj today outlined his blueprint
for improvement of Indian sports which he will submit to Prime Minister
P.V.Narasimha Rao tomorrow.

SEPTEMBER 8
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GOVT TO BACK ANY VIABLE PACKAGE FOR SICK PSUs

RUSSIA OFFERS TOTAL PACT ON DEFENCE
MOSCOW- Russia today proposed a comprehensive military cooperation
agreement with India and handed over its draft to Defence MInister Sharad
Pawar, hoping it would be signed before or during President Boris Yelstin's
visit to Delhi next Janauary.

CBI PROBES FRESH FFSL FORGERY
BANGALORE- The Central Bureau of Investigation is probing if Fairgrowth
Financial Servises Ltd forged banker's receipts of the Alwaye-based Federal
Bank, the country's second largest private sector bank after the Vyasa Bank.

RBI QUIZZED ON BANK, BROGER NEXUS
NEW DELHI- The study of the Joint Parlimenatry Committee, has asked the
Reserve Bank, whether it was "aware at any point of time of any possible
nexus" between banks and brokers. It also called for a detailed report on
the Stock Market Book of 1991.

CBI ARREST 2 FAIRGROWTH EXECUTIVES
BOMBAY- The Central Bureau of Investigation today arrested K.Dharampal and
S. Srinivasan, two senior officials of Fairgrowth Financial Services Ltd.
Dharampal is the Bombay-based managing Director of Fairgrowth while
Srinivasan is the Bangalore-based Senior Vice-President of the company.

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