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Rural Rahul
Congress general secretary Rahul Gandhi’s shadow over the government’s social sector programmes just got longer. After being a part of the Parliamentary Standing Committee on Human Resource Development, Gandhi has now been inducted to Parliament’s Consultative Committee on Rural Development — he is one of the 30 members of the committee which was constituted last month and which is headed by Rural Development Minister C P Joshi.

Usage of IPO proceeds not monitored by Sebi: Govt
The government today said market regulator Sebi does not monitor usage of proceeds of any initial public offers (IPOs) and it is not contemplating any change in the current regulatory framework.

News of the day

Markets buck global trend
The Indian bourses opened on a positive note at 17,200, tracking strong global cues. The index soared to a high of 17,352 but changed course after a robust industrial production data was declared which raised fears that the central bank may need to control monetary policy. The IIP number increased to 10.3% Vs 9.6% (MoM).
Business Ideas

Nifty below 5,000 in opening trades

The Sensex has opened weak this morning following subdued cues from its Asian peers. The Sensex opened at 16,827 and is now down 114 points at 16,744. - Markets down in early trades - Tech view: Markets likely to open weak - Downside breakout could test 4,800 - Markets at a glance - Downside breakout could test 4,800 - BSE Capital Goods index slumps 7% this week The Nifty is down 37 points at 4,998. Asian markets are in red in morning trades. The Hang Seng has dropped 239 points (1%) to 20,486. The Nikkei has slipped 127 points (1.2%) to 10,463.


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