SC shoots down quota in current session
Ahmedabad: The Supreme Court on Monday rejected the govt's plea to vacate its stay order on implementation of OBC quota in central educational institutions, saying that the 27 per cent reservation would not come into effect in the current academic session.

The apex court's decision came in reply to Centre's plea for a clarification and vacation of the court's March 29 stay order.
The apex court on Wednesday had fixed April 23 for hearing its petition, making it clear that the government must satisfy that it was not seeking a review of the March 29 stay order on OBC quota.
A direction to this effect was given by a bench comprising Justices Arijit Pasayat and L S Panta after Solicitor General G E Vahanvati mentioned the matter before it.
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Business confidence down: RBI survey
Mumbai: Business expectations for April-June 2007 have fallen as fewer companies expect an increase in profit margins, production and working capital against the preceding quarter, according to a Reserve Bank of India (RBI) survey.

The survey is a part of the central bank's report on macroeconomic and monetary developments in 2006-07, which was released today.

The survey of 1,108 companies, however, shows an improvement in employment, exports, imports and selling prices. The RBI had conducted the survey during December 2006-January 2007.
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India, Japan sign energy efficiency agreement
Tokyo: Japan and India have signed an agreement according to which Japan will help India build an efficient energy-saving system and extend support to ensure energy security.

Japan's Economy, Trade and Industry Minister Akira Amari and India's Planning Commission deputy chairman Montek Singh Ahluwalia have signed an agreement to this effect.

Ahluwalia said India was aware of the importance of pursuing energy efficiency, including its impact to climate change. He also sought Japan's support to curb the energy consumption in India.

He told Amari that both the nations could join hands in developing clean coal technologies and solar power and biomass energies.
The bilateral energy dialogue is taking place following an agreement between Japanese Premier Shinzo Abe and Indian Prime Minister Manmohan Singh in December last year, the report said.
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