|
|
West Bengal set to HALDIA (WEST BENGAL), Oct 13: West Bengal is set to take major strides in information technology with bigwigs like Microsoft, IBM and Wipro.....more OIL
to assume BHUBANESWAR, Oct 13: The Oil India Limited (OIL) will soon resume exploration of oil in the Mahanadi basin in Orissa. . ....more Sikdar
promises JAIPUR, Oct 13: Promising world class technology at competitive prices to telecom.....more Centre
will soon digitise HYDERABAD, Oct 13: The Centre will soon digitise all transactions on the internet to ensure....more |
 |
OPEC hit hard by DUBAI, Oct 13: The Organisation of Petroleum Exporting Countries (OPEC) has been hit hard by the weakening dollar and inflation, with its real oil export earnings remaining below 100 billion dollars over the past 17 years, at a time when its population has doubled, independent studies have shown.......more Haryana
to give impetus CHANDIGARH, Oct 13: To give an impetus to mushroom cultivation in the state, the Haryana Agro Industries Corporation (HAIC) research and development centre has .......more Precious metals NEW DELHI, Oct 13: The bullion market showed signs of recovery today on revival of buying by......more |
 |
|
|
|
|
OIL to assume exploration in Mahanadi basin soon BHUBANESWAR, Oct 13: The Oil India Limited (OIL) will soon resume exploration of oil in the Mahanadi basin in Orissa. OIL chairman B B Sharma, who met Chief Minister Naveen Patnaik here yesterday, informed the latter about the decision to go for necessary survey of the oil exploration in the state. The OIL had undertaken the oil exploration work during 1977-78 on the Mahanadi offshore after aromagnetic and sismic survey. However, the exploration of oil was stopped midway in 1988 after digging 15 exploratory wells at various places. Official sources said the OIL has decided to take the exploration work following certain relaxation in the licence agreement. The work would be taken up in three phases. The OIL would seek cooperation of the Oil and Natural Gas Commission (ONGC), Indian Oil Corporation(IOC) and Gas Authority of India Limited (GAIL) in the exploration of oil. While rs 25 crore would be invested in the exploration of oil in Mahanadi Onshore another Rs 52 crore would be spent on Mahanadi Offshore. Chief Minister Naveen Patnaik has assured the OIL to extend all administrative cooperation in the exploration of oil in the state. (UNI) |
|
Sikdar promises reduction in international call rate JAIPUR, Oct 13: Promising world class technology at competitive prices to telecom subscribers, Union Minister of State for Communication Tapan Sikdar said here today that international telephone call rates would also be reduced. International telephone call rates would be reduced within eight or nine months of laying of optic fibre submarine cables connecting India with different countries, Sikdar said inaugurating a state of the art digital trunk automatic exchange at Bajajnagar telephone exchange of the Bharat Sanchar Nigam Limited. "At present all international calls are routed through the us. After the new submarine cables are laid our dependence on routing international calls through America would gradually end helping us to reduce the charges", he said. Measures taken by the NDA Government at the Centre, he claimed, had helped to achieve almost double what had been achieved in the last 51 years in the telecom sector. Sikdar said the MARR Technology through which efforts were made by earlier Governments to connect villages was being replaced by more effective technologies because it had failed to deliver the goods. Sikdar said telephone density in the country would become seven per 100 by 2005 and 15 per 100 by 2010. The Minister said the Government was making efforts to provide jobs to dependents of the deceased employees of BSNL on compassionate ground to help families in distress. Chief general manager, Telecom (Rajasthan circle), R N Bhardwaj, said the new trunk automatic exchange of 10,000 lines inaugurated by the Minister was based on Siemens technology and crafted indigenously. Commissioned in a record time, the new exchange would provide fastest possible communication.(PTI) |
|
Centre will soon digitise all transactions on net HYDERABAD, Oct 13: The Centre will soon digitise all transactions on the internet to ensure security for such deals, Information Technology Secretary, R R Shah said, today. Inaugurating a national workshop here on "IT policies and their implementation", organised by the Administrative Staff College of India (ASCI), he said a certifying authority for the purpose was being set up. Digital signatures for internet transactions would also be introduced in the next two months. The Government plans issue he all-purpose smart card to eery citizen which would also serve Asan identity card. Band width would be provided to all colleges and higher secondary schools in the country, he added. Mr Shah said it aimed at removing market barriers to enable faster growth rate at 10 per cent from the present six per cent. He said special efforts should be made to bridge the digital divide and it would be used to eradicate illiteracy from the country in the next five years. Mr Shah said before the last month’s attacks there was a demand for one lakh Indian IT professionals in USA, 30,000 in UK, 10,000 each in Germany and Japan. There was a slow down in the US economy following terrorist attacks but the situation had not vastly changed. Referring to e-governance, he said quite a few states had taken initiatives in this regard and Andhra Paradesh was an "excellent example". Normal tendency in Government departments was to proliferate, bifurcate or trifurcate, various subjects but in Andhra Pradesh the process had been reversed. The state should share its experiences with others. IT secretaries of 20 states are participating in the seminar which aims to review the implementation of IT initiatives and highlight the strengths and gaps in the IT policies. (UNI) |
|
OPEC hit hard by weakening dollar and inflation DUBAI, Oct 13: The Organisation of Petroleum Exporting Countries (OPEC) has been hit hard by the weakening dollar and inflation, with its real oil export earnings remaining below 100 billion dollars over the past 17 years, at a time when its population has doubled, independent studies have shown. The 11-nation group, which produces 40 per cent of the world’s crude, is expected to earn around 176 billion dollars at current prices this year but at 1974 prices, the income will not exceed 80 billion dollars. It is in this context that OPEC oil ministers are planning to cut output next week to prop up slumping prices which have hovered around 20 dollars a barrel for the last three weeks, below the 22 dollars floor of its target price range. It is meeting in the background of a report of the Paris-based International Energy Agency (IEA), which said that the oil demand would contract sharply this winter. The IEA has cut its oil demand forecast for the fourth quarter of this year by 1.1 million barrels per day to 76.2 bpd, a fall of 600,000 bpd compared to the same period in 2000. There is also a growing inventory surplus, which is bad news for OPEC. Taking 1974 as the base price for the dollar, OPEC earned only 95 billion dollars last year while revenues in current prices were as high as 210 billion dollars, according to independent estimates quoted by the Dubai-based Gulf news. "OPEC is facing a real dilemma, said Nicolas Sarkis, Director of the Paris-based Arab Oil Institute. The institute said OPEC earned around 120 billion dollars in 1974 although the average crude prices were as low as 10 dollars a barrel. (UNI) |
|
Haryana to give impetus to mushroom cultivation CHANDIGARH, Oct 13: To give an impetus to mushroom cultivation in the state, the Haryana Agro Industries Corporation (HAIC) research and development centre has fixed a production target of 50 metric tonne of mushroom spawns for the current financial year, State Agriculture Minister, Jaswinder Singh Sandhu, said here today. He said that these quality spawns were produced to cater to the needs of mushroom growers and for higher mushroom yield in the state. "These mushroom spawns were supplied on no-profit-no-loss basis to mushroom growers of Haryana and adjacent states," he said. Sandhu said that the endeavour of the State Government was to evolve a strategy to give a fillip to mushroom cultivation and for this the production target for mushroom was fixed at 4500 tonne produced during the current financial year compared to 4200 tonne produced during the last financial year. "Moreover, mushroom cultivation was labour intensive and employment generating," he added. The minister said that the small and marginal farmers were motivated to take up mushroom cultivation as due to the close proximity of Haryana to Delhi, "there was a good scope of its marketing". He said the State Government has also set up an integrated mushroom research and development project in the haic research and development centre to provide relevant training to farmers to adopt mushroom cultivation. (PTI) |
|
Precious metals recover on local support NEW DELHI, Oct 13: The bullion market showed signs of recovery today on revival of buying by local customers in the face of restricted supply and closed with gains. Marketmen said revival of buying ahead of the beginning of festival season next week mainly uplifted the trading sentiment. They said supply remained restricted as border areas were sealed which caused tight stocks positions. Standard gold and ornaments were higher by Rs.25 each at Rs.4715 and Rs.4565 per ten gram respectively. Sovereign held unchanged at Rs.3850 per piece of eight gram. Silver ready was higher by Rs.25 at Rs.7485 per kilo and weekly-based by a same margin at Rs.7500 per kilo on speculators buying. Silver coins continued to be quoted at last level of Rs.11,500/11,600 per 100 pieces. The following were today’s quotations: Silver ready 7485 and delivery 7500. Silver coins buyer 11,500 and seller 11,600 standard gold 4715, ornaments 4565 and sovereign 3850. (PTI) |
|
|
|
