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Farmers threaten to agitate against land acquisition
President of Karnataka Pranta Raitha Sangha Maruti Manapade has threatened that the farmers would launch serious agitation against the state government which is “contemplating acquisition of 200,000 acres of fertile land across the state to set up special economic zones (SEZ)”. He told reporters here he has urged the state government to stop the process immediately.

Nano fetches premium in used-car market
Second hand demand entirely for the top-end LX variant

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Somany Ceramics PAT doubles at Rs 5 cr in Q1
Somany Ceramics, one of the leading ceramic manufacturer in India, the profit before tax recorded an increase of 105.5 per cent rising to Rs 5.28 crore from Rs 2.57 crore in the same period last year. The company reported an increase of 19 per cent in net sales to Rs 99.59 crore as against Rs 83.75 crore in the corresponding quarter last year.
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RBI review in line with govt thinking: FM

Finance Minister Pranab Mukherjee today said the RBI"s move to keep almost all rates unchanged is line with the discussions he had with the apex bank"s governor and the government"s thinking on fiscal and monetary policies. - Capital inflows lessen external sector blues - Hike in SLR not to have significant impact, say top bankers - GDP likely to grow by 6.5-6.75%: FM - Interest rates likely to stay stable for 3-4 months: Bankers - RBI gives positive signal to economy: Fin Secy - RBI moves to contain inflation without hurting growth "I had a discussion with the Governor RBI a few days back. We had discussions there would be no change in the rates and there has not been any substantial change," Mukherjee told reporters after the monetary review. The RBI kept key rates unchanged, while hiking Statutory Liquidity Ratio (SLR), the deposits that commercial banks are to park in government securities, by one percentage points to 25 per cent. Mukherjee said," Of course the assessment of the RBI on the whole the policy, which has been announced is in conformity with the government"s own thinking of both fiscal policy and monetary policy."


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