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Chess #618
TOP SEED Boris Gelfand edged Ruslan Ponomariov to take the World Cup and a place in the next Candidates. Gelfand held his nerve after the four normal games were drawn without much excitement. Gelfand won the second rapid tiebreaker and lost the fourth. Then, he won the second blitz, lost the third and finally won the fourth and last blitz game.

DCB to raise up to Rs 100 cr via QIP issue
Development Credit Bank (DCB) today said it will raise funds up to Rs 100 crore by way of private placement of shares with potential buyers.

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No violation by Vedanta at Niyamgiri, says report
The Vedanta Aluminium Ltd (VAL), part of Vedanta Resources, has not violated any forest and environment norms at its alumina refinery and bauxite mining site in Kalahandi district of Orissa, according to a report of the state government.
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Govt will pass Right to Food Act: FM

Finance Minister Pranab Mukherjee today said the government will pass the Right to Food Act to promote inclusive growth, a concept that has been pursued by the Congress since Independence. - JP Morgan to pay $29 bn in salaries, bonuses: report - Govt to miss GST deadline - Govt approves road projects worth Rs 6,152 cr in five states - Govt allows Pepsico to inject $200 mn additional equity - "Govt to produce 5,000 Mw additional power under 5-yr plan" - Govt proposes to compensate 50% of CST losses to states "We are going to pass the Right to Food Act," the Minister said while speaking at the Economic Times Award-2009 function here. Pointing out that inclusive growth had always been on the agenda of the Congress, Mukherjee recalled that earlier slogans like "grow more food" and "garibi hatao" were aimed at achieving the same objective. The Congress in its manifesto for 2009 general elections promised to enact Right to Food law to provide 25 kg of rice or wheat at Rs 3 per kg every month to families living below poverty line. The UPA government, he added, had passed the National Rural Employment Guarantee Act (NREGA) and Right to Education Act to provide jobs and education to people through legislations. The Minister, however, emphasised that to make growth all encompassing the country would have to produce more food and industry more manufactured goods. Mukherjee said the rapid economic growth since liberalisation has led to rise in tax-GDP ratio. It was only because of the high ratio that former Finance Minister P Chidambaram managed to provide Rs 71,000 crore debt relief to farmers.


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