Inflation danger continues as oil price increases over Iran

The Euro zone threats is now in a full force to covering Iran under its impact as Belgium, the Czech Republic and the Netherlands have stopped buying Iranian oil and Greece, Spain and Italy are cutting back on their purchases.

The main fact behind this is due to US sanctions regime against Iran that menaced Iran with a virtual embargo of its economy. US push the sanctions because it fears Iran might use its nuclear programme to develop nuclear weapons.

It declared that any financial institutions that deal with Iran’s central bank will punish, shutting them out of U.S. markets. A country can earn a waiver from the sanctions if it significantly reduces trade with Iran.

And for winning waivers from U.S. sanctions, Iran’s third largest customer Japan along with China is also ready to cut off oil imports from Tehran.

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Kingfisher Airlines crisis: cancellations continue, pilots resign

As per latest business news, Vijay Mallya’s Kingfisher Airlines crisis continued in the fourth disruption day of flights cancellation.

On this consecutive day, more than 23 flights have cancelled out of them 15 are from Mumbai and 8 flights from Bangalore.

To explain the continuous disruptions in the operations of KFA, Kingfisher airlines CEO Sanjay Aggarwal has met to the directorate general of civil aviation (DGCA) as accordance to summon issued on Monday.

The crisis is because of undue payments for many months to employees. The cash-strapped carrier has defaulted on payments to oil companies and airports too due to having no profits from last few years.

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J Dey Murder Case: CBI to file auxiliary chargesheet

CBI further auxiliary chargesheet brings another turn to the murder case of J Dey, a senior crime journalist with Mid Day.

The journalist Jigna Vora who was arrested on November 25, 2011 in allegation for criminal conspiracy in the case, is set on eyes of the Crime Branch.

Under the stringent Maharashtra Control of Organised Crime Act (MCOCA) and the Indian Penal Code (IPC), CBI is now going to file a supplementary chargesheet against Vora, detailing the role allegedly played in the murder of Mumbai-based journalist J Dey.

Additional Commissioner of Police (Crime Branch) Devendra Bharti informed, “We are likely to file a supplementary chargesheet against Vora tomorrow (Tuesday). We have gathered enough evidence against her to make a case.”

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Indian Fishermen Case: Shut out, Italy coats at Marines’ arrest

italian crew members 300x200 Indian Fishermen Case: Shut out, Italy coats at Marines’ arrestMassimiliano Latorre and Salvatore Girone are two marines whom security detachment assigned to protect the merchant vessel Enrica Lexie from pirate attacks in the Indian Ocean.

Now they have been arrested by Italian Police force yesterday under the allegations of killing two Indian fishermen. As per report, the Marines have remanded in Kochi police custody for three days.

But Indian police has criticized Italian authority’s action to arrest the soldiers as against Indian Penal Law because as per them the firing happened in Indian territorial waters.

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BlackBerry establishes server in Mumbai

Finally a server for lawful interception of BlackBerry Messenger (BBM) services is likely to setting up in Mumbai, reportedly said by India’s security official.

As per source report, official said, “A team of officials from security agencies has inspected the server. Test runs are going on to check its effectiveness. Required permission for direct linkage for lawful interception of BlackBerry Messenger (BBM) services is likely to be issued shortly.”

A request to provide a mechanism to intercept its enterprise services has made to India’s by Canada-based Research in Motion , makers of BlackBerry smart phones, so that it has had to drop its reluctance to make an exception to its policy of securing communication from any real time interception.

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Infosys will not get SEZ status: Govt

In place of SEZ status, The Bengal Govt. is offering several sops to the India’s largest IT Firm Infosys, sending notice for informing that it can not recommend its project for special economic zone (SEZ) status.

As per govt. statement, within a week a communique is send to Infosys that would also state the sops like Value-added tax ( VAT) relief, soft loans, sops in power tariff and being a sovereign guarantor to the company in any kind of loan it takes.

However there are four IT Companies, projected their SEZ status in State – Wipro, Unitech, DLF and Bantala. But IT firm Wipro is still facing problem of due payment in SEZ status because it had made payment only 25% of the total amount of 50 acres plot that purchased from Hidco in Rajarhat Action Area III.

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FIR against Rahul Gandhi for violating roadshow rules

Powerful man in Congress, Rahul Gandhi is trying to represent his party with a clean image through his rallies at different places of different states.

But his campaigning has brought his image into a big controversy after an FIR filed against him on Monday for flouting restrictions on his six-hour road show in the city of Kanpur district.

Rahul started his roadshow in Maharajpur and it would be completed within two hours as per permission had granted for this covering 18 km.

But Rahul’s roadshow proceeded six hours bringing seven constituencies and ended at Tatmill covered almost 35 km which is dealt against law order.

Under Section 144 of the CrPC, The Kanpur Police has registered a case for violating restrictions, ‘disobedience to order by public servant’, causing ‘danger or obstruction in public way’ and creating ‘public nuisance’.

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