Asian power firms take up reins as MNCs exit 
New Delhi: Asian power companies are expected to take up the torch of regional privatisation as Western firms that took Asia by storm in the 1990s sell assets and head home.
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Naik submerging deeper in petrol 
New Delhi: The turmoil over the alleged favouritism and corruption in the allotment of petrol pumps is showing no signs of subsiding with the Opposition insisting on petroleum minister Ram Naiks resignation. 
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Gujarat puts on hold decision to declare state drought-hit 
Ahmedabad: Widespread rains in Gujarat over the past twenty four hours have temporarily allayed fears of drought in the state with the state government keeping in abeyance the decision to declare the state drought-hit for at least 10 days more. 
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Tourism department finally agrees to bid adieu to D-Gs post 
New Delhi: Falling in line with the recommendations of the Expenditure Reforms Com-mission on downsizing, the tourism department has decided to abolish the post of director-general and merge it with the post of secretary. 
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Power ministry ropes in IIM-A to draft CEA recast plan 
New Delhi: The ministry of power has roped in Indian Institute of Management, Ahmedabad to conduct study of restructuring of the Central Electricity Authority and its staffing pattern. 
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Drought to mar festival demand for oils 
Mumbai: The worst drought in a decade could hit demand for edible oil during the festival season in India, the worlds largest importer, traders said on Tuesday. 
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Oil prices fall as Opec members seek higher output share 
Bussels: World oil prices fell on Monday as Opec members Nigeria and Algeria pleaded for bigger output shares within the cartel, reviving concerns about the groups production discipline. 
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12th finance panel to review reform-linked sops to states 
New Delhi: The Twelth Finance Commission, to be constituted shortly, will review implementation of the reform-linked incentive to the states recommended by the 11th Finance Commission.
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