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World Bank offers additional funds for SSA
With government’s flagship Sarva Siksha Abhiyan (SSA) scheme showing encouraging results in expansion of elementary education, the World Bank has come forward with an offer to provide additional funding of $ 500 million (Rs 2,325 cr approx) for the programme.

Arms donors
The echo of India’s controversial Rs 10,000-crore Barak surface-to-air missile deal with Israel is being heard in faraway London. According to a leading London newspaper, “One of the Liberal Democrats’ most generous donors has been accused of accepting tens of millions of pounds in kickbacks from an arms deal between an Israeli company and the Indian Government …” The newspaper quotes Indian sources to say the payments were disguised as ‘business charges’ since India officially prohibits the use of middlemen in defence deals.

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Auto, home loans pick up, lending rates may harden: ICICI
India"s second largest lender, ICICI Bank, has seen growth returning in its home and auto loans portfolios in the second quarter on the back of improving sentiments in the credit market, its chief said.
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Strike in SAIL plants postponed

The proposed All India strike from tomorrow in different steel plants under Steel Authority of India (SAIL) has been postponed following an assurance by the authorities. - Bandh paralyses life in non-Telangana regions of AP - No major strike in "09 but challenges remain for Home Min - AP in a political bind over Telangana in 2009 - Telangana crisis: Five fasting students shifted to hospital - Colgate"s Aurangabad factory hit by strike - Pranab hopeful of resolution of Gorkhaland through talks Centre of Indian Trade Unions" (CITU) state general secretary Bishnu Mohanty said the indefinite strike, which was to begin tomorrow, was postponed following assurance by the SAIL Chairman that the demand of wage revision will be considered in the January 11-12 national joint council meeting.


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