Here is a roundup of news from Indian newspapers, news wires and Web sites on Tuesday, May 3, 2011. The Wall Street Journal has not verified these stories and does not vouch for their accuracy.
Pilot Strike: AI Announces No Work, No Pay Principle: Air India Tuesday announced ‘no work, no pay’ principle will be implemented to counter the pilots’ strike that continued to disrupt its flights for the seventh day, as the Delhi High Court rapped both sides for their adamant attitude and failure to resolve the crisis. (Source: PTI)
Home, Auto Loans to Become Costlier as RBI Raises Key Rates: Home, auto and other loans are set to become costlier with the Reserve Bank Tuesday hiking key short-term rates to contain inflation, while giving relief to small savers by increasing the savings bank rate to 4 % from 3.5 % now. (Source: Hindustan Times)
Air India Strike Hits 100 Crore Mark: With only 10% domestic flights operating, the national carrier has been losing Rs. 20 crore per day for the last three days. The airline, as a result of the strike, has curtailed 90% of its domestic flights till May 6. (Source: NDTV)
Anti-Naxal Operations: Retired Armymen to Train CRPF: The government has decided to recruit more than 2000 retired Army personnel to help the CRPF gain expertise in crippling IEDs and hidden landmines while undertaking anti-Naxal operations. (Source: DD News)
More Transparency: Highway Projects to be Bid Through E-tenders: In a move to bring greater transparency in the bidding of highway projects and make the authorities more accountable, the highways ministry will soon put all information in public domain. (Source: Times of India)
‘Indian Media Shifting to Celebrity, Lifestyle Coverage’: Growing pressure by advertising departments and diminution of subscriptions as a source of revenue has led to devaluation of information and a shift in news content to celebrity and lifestyle coverage in Indian media, a report said Tuesday. (Source: PTI)
Fuente: India Real Time