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Credit growth drops to 14.1 per cent
Loan flow remains low, banks hike g-sec investment.

LIC Housing Fin Q3 net up 14% to Rs 154 cr
LIC Housing Finance has posted a rise of 14.32 per cent in its net profit after tax at Rs 153.57 crore for the quarter ended December, 2009 compared with Rs 134.33 crore in the corresponding previous quarter. Its net sales during the period stood at Rs 833.61 crore against Rs 734.33 crore last year, up 13.52 per cent.

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BCCI finds no Sahara for India
With no takers for the sponsorship of the Indian cricket team, the Board of Control for Cricket in India (BCCI) is now looking at alternatives — either to go for re-tendering with a lower base price or renegotiate a contract with the Sahara group, which currently holds sponsorship till December.
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Pokhran-II tests fully successful, says Kakodkar

Trashing the contention that the Pokhran-II nuclear tests in 1998 were a failure, India’s top scientists today said all objectives had been achieved and the country now has the deterrence capability of up to 200 kilotons. - Pokran II row: Sethna slams Kalam, Iyenger says done in haste - India designs new atomic reactor for thorium utilisation - Kakodkar rules out FDI in nuclear plants - "India can build N-aircraft carrier, warships" - India can build nuclear aircraft carrier, warships: Kakodkar - Nuke deal moving satisfactorily: Kakodkar Describing the tests as “fully successful”, Atomic Energy Commission Chairman Anil Kakodkar and Principal Scientific Advisor to Government R Chidambaram said the controversy triggered by K Santhanam, former DRDO scientist, was “unnecessary”. The two scientists held a joint press conference seeking to clear the air in the wake of Santhanam, who was the coordinator for the 1998 tests, claiming that the thermonuclear nuclear (hydrogen bomb) test was a failure. “Rhetoric cannot be a substitute for good science,” they said, adding “unnecessary doubts have been created by ex-colleagues” in an obvious reference to Santhanam and former AEC chairman P K Ayengar who too raised doubts over the efficacy of the test. “There should be no doubt over the yield of the tests. Once again, I would like to re-emphasise that the 1998 nuclear tests were fully successful. We achieved all objectives in toto,” said Kakodkar. Defending the thermonuclear test, Dr R Chidambaram said that it was a success and the doubts voiced over it were unjustified. Santhanam had stuck to his assertions earlier this week and was dismissive of National Security Advisor M K Narayanan calling his statements incorrect and horrific.


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