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Singur land not 'formally' sought: Industry minister
The West Bengal government had not sought return of the land at Singur from Tata Motors ‘formally’, said West Bengal commerce and industry minister Nirupam Sen, a day after Ratan Tata said the government had not approached for the land. Speaking on the sidelines of a seminar organized by Assocham in association with the Bengal Chamber of Commerce & Industry and Merchants’ Chamber of Commerce, Sen said, though the government had not formally asked for the land, the company had been informed about the Bhel proposal and later the Railways proposal. Sen said, unless the Railways submitted a formal proposal, the government would not ask for the land back. With Sen’s comments, it appears that Singur was once again in limbo, as Railways has made it clear that it would not visit the land as it belonged to Tata Motors.

NPCIL needs Rs 1 lakh crore for capacity addition by 2020
India’s nuclear power generator, Nuclear Power Corporation (NPCIL) has projected an investment of Rs 1 lakh crore for nuclear capacity addition of 10,000 Mw by 2020. The cumulative funding for these projects would be on a 70:30 debt equity ratio.

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Govt seeks report on CAT fiasco
HRD Minister Kapil Sibal today said the ministry has sought a detailed report into the server crash during the online Common Admission Test (CAT) examination.
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Govt probing report of under-declaration of RCom's revenues

Communications Minister A Raja today said the observations made by the special audit — which had found that Reliance Communications and its other subsidiaries under-reported revenues during 2006-07 and 2007-08 — were being examined by his ministry. - Markets begin week in red; metals, Reliance drag Sensex - Reliance Communications: Paisa power">Reliance Communications: Paisa power - Govt to prosecute RCom for reporting less revenue - Wkly Tech Analysis: Weakness seen in first half - 3G auction shortly: PM - Indian Bank may float subsidiary for NPA management There was an under-reporting of Rs 1,000-1,500 crore to avoid payment of licence fees, and the government may have lost about Rs 250 crore due to this, telecom minister A Raja said during Question Hour in Parliament. The Department of Telecommunications (DoT) had appointed special auditors to look into the financial accounts of five leading telecom companies for allegedly under-reporting revenues to the telecom regulator Trai during 2006-07 and 2007-08 to avoid payment of licence fees. Out of the five auditors, the one for RCom has submitted the report, the minister said. DoT is examining the observations, the minister said, adding whatever action is needed will be taken by the end of January next year. A committee, headed by the DoT member (finance), is looking into the nearly 900-page report. Responding to a question raised in the Lok Sabha on what action has been taken or is being proposed to be taken against the operator, Raja, in a written statement, replied the department shall raise additional demands, including interest and penalty, according to licence terms after the examination.


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