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Fertilising change
Business Standard / New Delhi December 18, 2009, 0:21 IST

No fear of asset bubble on rising inflows: RBI
A day after the Reserve Bank of India (RBI) tightened norms governing external commercial borrowings (ECB), Governor D Subbarao said the capital flow into India was in line with the requirement and current account deficit.

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Sun Pharma unit gets USFDA nod for anti-allergic drug
Drug firm Sun Pharma today said it has received the US regulator"s approval for the generic version of Acular, used to treat pain and swelling after eye surgeries.
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HC orders notice to Chidambaram on election petition

The Madras High Court today ordered issuance of notice to Union Home Minister P Chidambaram on a petition from his AIADMK rival challenging his election from Sivaganga constituency in the May Lok Sabha elections. - Mend ways before C"Wealth Games: Chidambaram - WB to press on with operations in Lalgarh - Google sued for Shaadi on BharatMatrimony - Missing budget table - Police officers being reduced to football: Chidambaram - Pak-based outfits helped by disgruntled elements: Chidambaram The notice, returnable in four weeks, was ordered to be issued to Chidambaram and 19 others, including the Returning Officer of Sivaganga, by Justice K Venkatraman. AIADMK candidate R S Raja Kannappan, who narrowly lost to Chidambaram, had filed the petition seeking declaration of the election as void, alleging manipulation of votes and corrupt practices had been committed by Chidambaram, his election agents and others, with his consent. Kannappan had also sought a recount of votes polled in the constituency, particularly in Alangudi Assembly segment. He had polled 3,30,994 votes as against 3,34,348 by Chidambaram, thereby losing by 3,354 votes. He claimed that but for the "manipulations", he would have won the elections by a margin of about 7,000 votes. "This is why it took a long time for the returning officer to declare the results and the declaration came only at 8.30 pm," he contended in the petition.Kannappan claimed that votes secured by him in the 11th, 12th, 13th, 14th and 15th rounds of counting in Alangudi had been "ingeniously added to Chidambaram"s kitty and vice versa". He accused the election official of "unduly" favouring the Minister and at his behest not publishing votes polled by the candidates in each round in Alangudi and some other segments.


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