National Conference party chief Omar Abdullah will take oath as the next Chief Minister of Jammu and Kashmir.
The Indian Space Research Organization (ISRO) would launch a weather satellite, the 'Mehga Tropiques' in coming times. The satellite has been developed by collaboration of Indian and French space agency CNES (Centre National d'Etudes Spatiales). It has been specially designed to analyze tropical study and causes of cyclones, monsoons, and other climate and weather related phenomenon.

ISRO Chairman G Madhavan Nair has been selected for 'Newsmaker of 2008' award by viewers of Manorama News.

India's fertiliser subsidy is likely to touch Rs 1,02,000 crore this fiscal. This is 14,000 Crore less than the revised estimates of the government.

States, including Andhra Pradesh, Orissa and Madhya Pradesh, have been complaining against the stamp duty exemption given to SEZs for more than a year now, have intensified their protest. State governments have questioned the Centre’s powers to exempt SEZs and units from paying stamp duty as they consider it a state subject. In a recent meeting of state finance officials, states reiterated that the exemption given by the Centre was leading to revenue loss for states and should be immediately withdrawn. States have alleged that while the Centre had the power of legislation, the power to fix rates lay with the states.
The SEZ Act was passed in Parliament in 2005 while the rules were notified in February 2006.