The admission, after initial denials, came in the wee hours of Tuesday morning when Hansie called Dr. Ali Bacher, head of the South African cricket board, and made the confession. The confession brought about swift reaction from the board which has replaced him with Shaun Pollock as captain. The confession also creates a major scandal across cricketing nations, which have been deluged by match fixing allegations for several years now. What is noteworthy in this entire episode is that almost all the allegations involve bookies from the Indian sub-continent, who seem to have taken control over, once gentleman’s, game.
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Government clears FDI proposals worth Rs. 508 crore
New Delhi: On Tuesday, the union government cleared 56 cases of foreign direct investment (FDI) amounting to Rs. 508 crore. Among the major proposals cleared were:

• the increase of foreign equity in Monsanto Chemicals India Limited, from its current 40 per cent to 72 per cent.
• US-based mail.com has been allowed to set up a wholly owned subsidiary to act as a holding company for further downstream investments and provide services in software development
• US-based Computer Associates International allowed to set up two subsidiaries in the country for software development, data processing and design and developmental activities.

In addition to the above, Zurich Asset Management Company India P Ltd has been allowed to restructure eqtuiy on transfer of equity from one foreign collaborator to another.
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