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2009 witnessed rise of Congress, decline of BJP
Rise of Congress, further decline of BJP and the relegation of the Left and some regional parties to the margins marked the highs and lows of politics in 2009 as price spiral poses an intense challenge to the government in the new year along with Naxal and cross-border terror.

PM panel for one GST slab at central level
The Prime Minister’s Economic Advisory Council, or PMEAC, has favoured a single slab each for goods and services or one common rate for both under the proposed goods and services tax (GST), unlike the proposal mooted by the states.

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Reliance tops combined value chart
Reliance tops the combined value chart on both the BSE and the NSE with a total turnover of Rs 558.09 crore. It is followed by Suzlon (Rs 531.62 crore), Tata Steel (Rs 413.41 crore), DLF (Rs 390.68 crore) and Aban Offshore (Rs 372.79 crore).
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HC quashes Anil Ambani's Dadri land acquisition

The Allahabad High Court today quashed UP government"s notification for use of emergency powers to buy land for Anil Ambani group firm"s Dadri power project, side-stepping a provision for inviting objections from land owners. - RInfra bags Rs 1,725 cr road project - Mulayam raises RIL gas issue in House - Gas row: RNRL raises objections on govt affidavit - Piramal Healthcare okays Rs 1K cr fund raising - Ambani brothers" gas row has echo in LS - HCL BPO eyes UK, US buys in media , entertainment The state government would now have to invite objections from farmers, who have the option of either returning the money to reclaim the land or forfeit any claim. The agitating farmers and Reliance Natural Resources (RNRL) gave different interpretations of the order, with Anil Ambani group official J P Chalsani contending that land acquisition for Dadri project has not been set aside as claimed by the other side. Passing the order, a Division Bench comprising Justice Ashok Bhusan and Justice Sudhir Aggrawala said that all "subsequent proceedings consequent to the notification of February 11, 2004, including the notification under Section 6 of June 25, 2004 are quashed". The 7,480 Mw project, land for which was acquired by the Mulayam Singh Yadav government in 2004, has become a bone of contention between the Ambani brothers Mukesh and Anil, who are involved in a bitter legal battle in the Supreme Court over supply of natural gas. Anil Ambani group has charged Reliance Industries of reneging on its commitment to supply gas, which it claimed had rendered the project non-bankable. RIL, on the other hand, had also argued in the apex court that the project was not on the ground and hence, the gas could not be given.


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