CBI begins probing allegations against oil regulator

September 16th, 2009 NEW DELHI - The Indian Air Force (IAF) was Wednesday probing the technological malfunction that led to a Mirage-2000 fighter jet dropping a bomb in Pokharan, Rajasthan, missing the Indira Gandhi water canal by only 100 metres. "The court of inquiry is underway and we are probing the technological malfunction in the incident.

September 9th, 2009 NEW DELHI - The Central Bureau of Investigation (CBI) Wednesday maintained it "knew for eight months" that the vaginal swabs of murdered teenager victim Aarushi Talwar may have been substituted, and that it was probing the tampering of evidences in the sensational Noida double murder. Our investigators have been following this angle for the last eight months and will soon file a status report in the Supreme Court, CBI spokesman Harsh Bhal told IANS, when asked about the media reports that the DNA sample of the teenage victim had been changed with that of an unidentified woman.

September 5th, 2009 NEW DELHI - The evacuation drill followed by Air India, after the engine of a Boeing aircraft bound for Riyadh from Mumbai caught fire Friday, has come under the scanner as the slides to evacuate passengers were also seen open on the same side as the fire. The state-run carrier has also temporarily grounded both the pilot and the co-pilot of the aircraft, even as Directorate General of Civil Aviation (DGCA), which is probing the incident, will question them in Mumbai, officials said.

September 3rd, 2009 US probes USAID funds in AfghanistanWASHINGTON — The State Department said Thursday that an investigation has begun into whether U.S. development funding for Afghanistan is being diverted to local warlords and extremists following allegations that road and bridge contractors were paying "protection" money to the Taliban.

August 12th, 2009 NEW DELHI - India's aviation sector regulator has warned all airlines operating on international routes of "appropriate action" if they failed to comply with instructions regarding distribution of health screening cards to passengers on board. "It has come to the notice of the DGCA (Directorate General of Civil Aviation) that some airlines are still not distributing the requisite health screening cards to the passengers on board, causing public health hazard," a government statement said Wednesday.

July 15th, 2009 Regions Financial unit gets Wells noticesNEW YORK — Regions Financial Corp. says its investment banking subsidiary and three employees received notice from the Securities and Exchange Commission that the regulator is investigating possible violations of federal securities laws.

June 18th, 2009 Geithner: Fed best suited for super regulator roleWASHINGTON — Treasury Secretary Timothy Geithner says the Federal Reserve is best suited to become a super-regulator that would oversee financial firms so big and influential that their failure could topple the economy. Some lawmakers want to give the job to a council of regulators.

June 11th, 2009 KOLKATA - The country's insurance regulator may issue norms for estimating "embedded value" of future insurance premiums by August, a top official said here Wednesday. "The guidance note is ready and it would be issued within two months," J.

April 30th, 2009 Obama to name SC regulator to FCC seatPresident Barack Obama intends to nominate Mignon Clyburn, a utility regulator and former newspaper executive from South Carolina, to the Federal Communications Commission. The five-member FCC has three vacancies.

March 17th, 2009 NEW DELHI - India's aviation regulator Directorate General of Civil Aviation (DGCA) has assured its US counterpart that India will soon have a separate agency for investigating air accidents, a government official said Monday. 'We are streamlining the working of our agency and would have a separate agency to handle air accident investigations.

March 6th, 2009 NEW DELHI - The Directorate General of Civil Aviation (DGCA), the country's aviation sector regulator, will meet airline operators to discuss the cartelisation issue, it said Friday. 'We are meeting again to discuss the issue concerning reported cartelisation among airline operators,' DGCA director general Naseem Zaidi told reporters on the sidelines of a business meet.

February 26th, 2009 NEW DELHI - The country's telecom watchdog, Telecom Regulatory Authority of India (TRAI), Wednesday said broadcasters should not have any control over distribution operations and vice-versa. 'Any entity having more than 20 percent equity participation in a broadcasting company cannot have more than 20 percent equity in a distributor (operators of cable, DTH, or mobile TV operators) and vice-versa,' TRAI said in a statement.

February 22nd, 2009 NEW DELHI - Additional Commissioner of Police S.B.K. Singh and Assistant Commissioner of Police Deepak Purohit, both involved in the probe into the Delhi Development Authority (DDA) housing scam, have been transferred out of the national capital, officials said Saturday.

February 13th, 2009 NEW DELHI - The aviation regulator has got explanation letters from six airlines on why they withdrew promotional fares and hiked base tariff, a government official said here Saturday. He refused to divulge details of the letters.

January 1st, 2009 CHENNAI - India's insurance watchdog Friday offered life insurers, and more particularly the private life insurers, a mega New Year gift by easing solvency norms for the third time in recent days. Solvency margin is the excess of assets that a life insurer has to maintain over its liabilities.