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NRIs may get 14 pc stake in insurance CosNEW DELHI: The government is likely to allow non-resident Indians NRIs 14 per cent equity part...

NRIs may get 14 pc stake in insurance Cos

NEW DELHI: The government is likely to allow non-resident Indians NRIs 14 per cent equity participation in the insurance sector, while permitting 26 per cent investment by foreign institutions, industry minister Sikandar Bakht said on Saturday. 8220;This is the unanimous view of the Group of Ministers GoM that met on Thursday and I am a party to it,8221; he told newspersons after addressing a FICCI meeting.

Clinton impeachment

WASHINGTON: The first public phase of impeachment hearing against US President Bill Clinton will get under way with a sub-committee hearing on November 9. The House Judiciary Committee has set a one-day sub-committee hearing for November 9, committee sources said here on Saturday. Formal hearings are expected on November 15.

9 hurt in blast

MUMBAI: About nine workers were injured, two of them seriously, in a blast at Voltas company in Thane district here on Saturday. The cause behind the blast and subsequent blazewas not known immediately, police said.

4 Naxals killed

HYDERABAD: Four naxalites of the banned Peoples8217; War Group PWG and Janashakthi group were killed in separate encounters with police in the naxal-infested Karimnagar district of Andhra Pradesh on Friday night. Police said on Saturday two ultras of PWG, Iliah alias Latif and Madireddy, were shot dead by police in a fierce exchange of fire near Jagapur at Chandurthi mandal in the district.

Bus mishap toll

KOTTAYAM: The death toll in Thursday8217;s bus accident near Pala in Kerala8217;s Kottayam district has risen to 18. A woman succumbed to injuries on Friday night and another person died on Saturday afternoon at the Medical College Hospital here, sources said. The incident took place when a private bus turned upside down and caught fire after hitting a telephone post and a compound wall near Pizhaku.

Quake in MP

NEW DELHI: An earthquake of mild intensity was felt in Khandwa district of Madhya Pradesh on Saturday, informed the METoffice here.

Jamp;K transfers

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SRINAGAR: The Jammu and Kashmir government has ordered the transfer of Divisional Commissioner Kashmir S L Bhat, Director Information Kulbushan Jandial and 12 others.