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Hike excise duty on steel, but in phases
Steel Authority of India Limited (SAIL) chairman Sushil Roongta was in Beijing in October for induction in the hallowed committee of the World Steel Association now chaired by Lakshmi Mittal. Being an astute business diplomat, he made use of the visit to find out what China was going to do with its rapid steel capacity build up and production.

'Disabled employees to get equal insurance benefits'
The Centre today informed the Delhi High Court that differently-abled government employees will be eligible for equal benefits for the postal life insurance policy with maximum limit of Rs five lakh.

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Markets likely to be volatile in Nov: analysts
After a below par performance in the last two weeks, analysts are predicting another month of volatility for the Indian bourses, despite their firm belief in its long-term potential.
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'Bill Clinton did not carry any message on behalf of US govt'

Former President Bill Clinton did not carry any message on behalf of US Government to the North Korean regime, the Obama Administration clarified today. - Clinton deal lowers HIV drug cost in poor nations - Clinton to address IIT alumni meet - Bill Clinton to address global IIT conference in Chicago - Now resume dialogue on Korean denuclearisation: Kerry - Bill Clinton on surprise visit to NKorea - Regaining the narrative Bill Clinton was in Pyongyang early this week wherein he successfully secured the release of two female American journalists and met top leadership of North Korea. "I just want to be clear, he was not carrying any message or sending any message on the part of the US Government," State Department spokesman Robert Wood told reporters. Meanwhile, the White House said US President Barack Obama would soon meet Bill Clinton and a mutually convenient dates are being worked out. "When President Obama spoke yesterday morning with President Clinton, President Obama expressed his desire to get together fairly soon so the two men would have a chance to talk," White House Press Secretary Robert Gibbs said. "Right now we"re just trying to coordinate the schedules of two rather busy men," he said. Gibbs said the former President is now being debriefed by members of the National Security Council (NSC). "There has been and will continue to be a formal debriefing process now on the back end of that trip. There were some communications between the former President and the NSC yesterday, and that will continue over the next several days," Gibbs said. Not aware of what was part of the debriefing, Gibbs said: "I can only imagine that given his history on this issue, that he would strongly encourage the North Koreans to set aside their renewed pursuit of a nuclear weapon, come back and live by the agreements that they"ve been party to before, and to encourage them to understand that the acquisition of those weapons is not going to bring international prestige but further isolation based on his history on these issues." The White House spokesman said the Obama administration has taken very strong action relating to and responding to the actions of the North Koreans. "I think what happened in the UN Security Council, the unanimous passage of those resolutions and the impact that they have already had on ensuring that the North Koreans are unable to move weapons out of their country, quite frankly is the best response for anybody"s criticism," he said.


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