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| Rs 190 cr Credit Action Plan for Srinagar approved Excelsior Correspondent Srinagar, May 1: The current year’s Credit Action Plan (CAP) for Srinagar district would be of the order of Rs. 190 crore. The CAP envisages to set up nearly 12,000 agro.....more MUMBAI, May 1 : Breaking ranks more than 35 Air India pilots, owing allegiance to the now derecognised Indian Pilots Guild, have reported for....more Hyundai
keen to export NEW DELHI, May 1: Leading car maker Hyundai Motor India Ltd (HMIL) is willing to export cars to Pakistan, Afghanistan and CIS countries in the ....more Bank
unions threaten NEW DELHI, May 1: Leading bank unions today threatened to go on a nationwide strike tomorrow if Government did not meet their demands .........more |
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Conybio organises car achiever seminar Excelsior Correspondent JAMMU, May 1: Conybio Health Care India ( Pvt) Ltd which is a leader in Fir products and Blocreamics organised 1 car achiever seminar’ here today......more ICRA
assigns A1" NEW DELHI, May 1: Investment Information and Credit Rating Agency (ICRA) has assigned an A1" (a one plus) rating to the Rs 1000 million.......more Domino’s
Pizza offers NEW DELHI, May 1: As part of its social responsibility initiatives, Domino’s Pizza India Ltd today announced that it will provide part-time employment to....more NFL
records profit NEW DELHI, May 1: National Fertilisers Limited (NFL), a leading producer of nitrogenous fertilisers in the country, recorded .......more |
Rs 190 cr Credit Action Plan for Srinagar approved Excelsior Correspondent Srinagar, May 1: The current year’s Credit Action Plan (CAP) for Srinagar district would be of the order of Rs. 190 crore. The CAP envisages to set up nearly 12,000 agro, industrial, service based income generating units in the district. These include income units to be set up by educated unemployed youth under PMRY, self-employment Scheme and Soran Jainti Seva Rozgar Yojna. Approval to the CAP was accorded here today at a joint meeting of officers of banks operating in the district and sponsoring agencies. The meeting chaired by District Development Commissioner, Mr. Asgar Hassan Samoon was also attended by the senior officers of Reserve Bank of India and Lead Bank Scheme. Threadbare discussion was held over the last year’s performance besides, priorities and allied parameters of the current year’s credit action plan. With a view to provide maximum employment avenues for unemployed youth, it was decided that cases for setting up of units under handloom, handicraft, sheep development, fisheries development and food processing sectors would be sponsored to various banks to utilize available resources and trained skilled. The District Development Commissioner urged upon the bankers to adopt responsive attitude in providing financial assistance to the unemployed youth and the entrepreneurs by way of providing loans for setting up of employment ventures. |
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MUMBAI, May 1 : Breaking ranks more than 35 Air India pilots, owing allegiance to the now derecognised Indian Pilots Guild, have reported for duty, the airline said today. "We have 25 pilots who have reported for duty and rostered for flights yesterday and 10 more have joined today. The number is slowly increasing", Air-India’s public relations director Jitender Bhargava said here. Capt Vikrant Sansare, general secretary of IPG which is spearheading a week-long agitation on the SARS issue, admitted that 20 pilots, who were part of a breakaway group, have left the Guild and reported for duty. "They have been in and out of IPG", he added. Air-India is also seeking to hire nearly 40 pilots of Indian origin, presently laid off by foreign airlines in the far east, on a short-term contract basis for its Boeing 747-400 and A310 aircraft. The availability of these pilots will depend on the foreign carriers releasing them, the sources said. The airline is more keen to keep its A310 aircraft flying, specially to the Gulf region as presently only 50 per cent of the services are being operated. Meanwhile, an A-I spokesman in a statement said when the issue of SARS was first discussed last month with various associations and unions, the IPG had stayed away from the meeting. "When there is no requirement of a health certificate on flights operated within the country, why has this certificate then been insisted upon on domestic flights and flights abandoned within India on denial of certificate", he asked. He pointed out that the general declaration form is required to be signed by the pilot in command. As most IPG members are co-pilots, they therefore have nothing to do with the general declaration form, he added. The airline today put into effect a three day revised flight schedule and plans to operate three additional flights to the Gulf region tomorrow. (PTI) |
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Hyundai keen to export cars to Pak, Afghan and CIS countries NEW DELHI, May 1: Leading car maker Hyundai Motor India Ltd (HMIL) is willing to export cars to Pakistan, Afghanistan and CIS countries in the event of trade commencing between India and Pakistan through road in the near future. "We are watching political developments and hope to enter these markets in the long run," Mr Bong Gou (Bernardo) Lee, Executive Director of Hyundai Motors told UNI. He said these markets, particularly Afghanistan with no production base, have huge potential for our cars. Mr Lee said that the HMIL’s parent company Hyundai Motors in collaboration with a local businessman was manufacturing around 500 cars every month in Pakistan. The Indian arm of Korea-based Hyundai Motors wants to enhance sales and use the Indian production base, which has the potential to produce 2.5 lakh cars in the next year, for exporting to the new markets. The current year production at the Indian base would be 1.5 lakh units, he added. As a business strategy to increase production of Indian unit, Hyundai Motors has decided to export bulk production from the Indian operation to EU countries as well as neighboring countries including Pakistan and CIS nations. The HMIL has plans to export more than 30,000 vehicles this year as against 8,300 units in the previous year, most of this to the EU countries. At present, Hyundai Motors is exporting its vehicles to nine countries including Nepal and Sri Lanka. "sale of cars to EU countries will be done through existing network of the parent company," Mr Lee said. In the long-run, the HMIL plans to export around 30 per cent of its production.(UNI) |
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Bank unions threaten to go on strike today NEW DELHI, May 1: Leading bank unions today threatened to go on a nationwide strike tomorrow if Government did not meet their demands including an early wage revision. The national organisation of bank officers claim more than 2.5 lakh members would go on a nation-wide strike tomorrow, as Government has failed to resolve any of the issues raised by the organisation despite coming to an understanding with them last year. Issues like recruitment and promotion policies, disciplinary proceedings and relief to officers due to the impact of VRS have remain unresolved, Nobo, an affiliate to BJP’s Bhartiya Mazdoor Sangh, said in a statement. Demanding early wage revision and reduction in interest rate on staff loans, Nobo said Government discriminates between its own employees and the bank staff in income tax perquisites and the centre should make efforts to bring it to an end. All India Bank Officers Association (AIBOA) expressed their solidarity for the strike. AIBOA resented the growing attack on trade unions in different banks and the general tendency to by-pass unions, the statement said. All India Bank Officers’ Confederation (AIBOC) would also participate in the day-long token strike. (PTI) |
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Conybio organises car achiever seminar Excelsior Correspondent JAMMU, May 1: Conybio Health Care India ( Pvt) Ltd which is a leader in Fir products and Blocreamics organised 1 car achiever seminar’ here today. It was attended by its distributors and leaders including the three crown diamond managers , Mr Sunil Bhurtia, Mr Mintu Barua from Delhi and Mr Bhupesh Bajaj from Punjab. The first car achiever award in J&K was presented to Mrs Chander Kala Kotwal, Diamond Manager (DM) by CDM—Mr Sunil Bharatiya at an impressive function here today. While congratulating the winner, he asked the leaders of the Conybio family in J&K to put their best efforts for achieving the company’s target of 100 crores this year. A presentation on ‘ Your Time and Money" was given by Mr Mintu Barua who explained various techniques for business development. Later, all the managers were presented Lapel Pins as recognition for their achievements in Conybio business. The Group operating from Chennai is now expanding its wings globally and the products of the company have already been introduced in the J&K for the last one year. During this short span of time, out of nearly 600 distributors in J&K Mrs Kotwal topped the list and attained car achiever level. The Company has around 62 products at present and have been effective for the treatment of high and low BP, Arthritis, diabetic, piles, migraine, asthma, knee pain, UTI, sexual inability gastric and kidney problems etc. It has appointed various stockists in J&K state. |
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ICRA assigns A1"rating Bombay dyeing NEW DELHI, May 1: Investment Information and Credit Rating Agency (ICRA) has assigned an A1" (a one plus) rating to the Rs 1000 million short-term debt programme of Bombay Dyeing and Manufacturing Company Limited BDMCL indicating highest safety in the short term. The rating takes into consideration the strong liquidity of the company, which is provided to it by a large liquid investment portfolio and stable operational ash flows. There are, however, concerns on the price volatility in the DMT (Dimethyl Terepthalate) business, and the uncompetitive cost structure of the textile division, which the company is trying to address through a rationalisation of its work force and restructuring of its manufacturing facilities. BDMCL, established in 1879, is one of the largest integrated players in the Indian Textile Industry manufacturing both cotton and blended grey cloth and also processed made ups, positioned at the household furnishings segment. Meanwhgile, ICRA has withdrawn the A2 rating assigned to Rs four crore commercial paper programme of control switchgear company limited since there is no amount outstanding against the rated instrument at present. (UNI) |
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Domino’s Pizza offers jobs to underprivileged cry wards NEW DELHI, May 1: As part of its social responsibility initiatives, Domino’s Pizza India Ltd today announced that it will provide part-time employment to underprivilged children from ngo Child Relief and You (CRY). "On the occasion of May day, Domino’s pledges part-time jobs to cry wards who are more than 18 years old. They will be provided training and those who are absorbed will be intially paid in the range of Rs 4,000-6,000 per month," Domino’s Pizza India Managing Director Arvind Nair said. He said Domino’s India, the largest international foodchain in the country, has a workforce of 2,000 and "if we can add about 80-100 people from cry, it will be a significant contribution." Mr Nair said in the first month, ten kids from cry will be trained. They will undergo internship in Domino’s outlets near their area of residence and will be finally absorbed. Those selected for this Domino’s initiative are children under cry’s project Navshakti, being undertaken in the Neb Sarai area here. "The thrust is on giving employment to the underprivileged children by bridging the GAP between them and job opportunities," cry Assistant Manager Kavita Ayyagari said. Mr Nair added that as and when a vacancy arises in a Domino’s outlet, preference will be given to cry wards. Domino’s also conducted a store educational tour for these children, followed by a workshop on health and hygiene. (UNI) |
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NFL records profit of Rs 448 crore in 02-03 NEW DELHI, May 1: National Fertilisers Limited (NFL), a leading producer of nitrogenous fertilisers in the country, recorded highest-ever annual sales turnover of Rs 3,651.74 crore during 2002-03, recording a jump of 24 per cent over previous year’s performance. The company also recorded highest pre-tax profits of Rs 448.79 crore, which includes the arrears from FICC pertaining to seventh and eighth pricing period. NFI said its Nangal, Bathinda, Vijaipur-I and Vijaipur-II plants recorded 100 per cent capacity utilisation. The aggregate capacity utilisation achieved by the company including industrial products was 100.5 per cent. The company’s contribution towards urea production in the country during 2002-03 is estimated at 17.1 per cent against 16.6 per cent in the previous year. NFI’s production annually contributes towards additional food grains estimated at over 150 lakh tonne. Chairman and Managing Director P.S. Grewal said the company performed well on its marketing front by liquidating old stocks of urea despite drought conditions faced during the year. (UNI) Sharad Yadav convenes meeting to
resolve NEW DELHI, May 1: Union Food Minister Sharad Yadav has convened a high-level meeting to break the millers-farmers deadlock over payment of sugarcane dues and to discuss the matter threadbare with the Uttar Pradesh Government. "A meeting has been scheduled for May 4 to address the woes of farmers and millers at the same time. Those invited include Agriculture Minister Ajit Singh and UP Chief Minister Mayawati," Yadav said here. He said Law Minister Arun Jaitley and up Sugarcane Minister, Premlata Katiyar will also be attending the meeting which will discuss all aspects relating to the current crisis. Last Sunday, Mayawati had met Prime Minister Atal Behari Vajpayee and demanded that States be empowered to ensure that the State Advised Price (SAP) of cane was paid by sugar millers to the poor farmers. The Centre fixes the Statutory Minimum Price (SMP) of cane every year which at Rs 69.50 per quintal on basic recovery of 8.5 per cent is lower than UP’s sap of Rs 95 per quintal. Millers, however, have obtained a stay from the Allahabad High Court on implementation of the SAP and also filed petitions in four High Courts against what they call arbitrary mid-season hike in SMP by the Centre by Rs five per quintal in December last year. Millers have expressed their inability to pay higher cane price due to low sugar prices but Government has contended that the Bearish market is the result of their flouting the monthly release mechanism. To prevent mills from offloading additional sugar in the market through Court orders, the Centre has decided to place the release mechanism under the ninth schedule of the Constitution making it non-justiciable. (PTI) TTSL rings in a range of super saver telecom tariffs NEW DELHI, May 1: Tata Teleservices Limited’s (TTSL) CDMA mobile customers can now make calls to another CDMA user anywhere in the country at 55 paise per minute. The newly released rates of Tata Teleservices, which begins today, for its CDMA mobile and fixed line services operational in both metro and non metro circles includes the new "super saver" tariffs. For a customer’s easy understanding, all new tariff plans of TTSL, be it for CDMA mobile or landline services, have been named based on the monthly commitment a customer would be comfortable to pay while using a particular telecom service. Keeping this in mind TTSL released 4 new tariff plans for its CDMA mobile services — plan 295, plan 450, plan 599 and plan 999. Similarly for its landline services, TTSL has provided its customers the power to choose from 6 new tariff plans based on their usage pattern — plan 250, plan 499, plan 725, plan 999, plan 1500 and plan 2250. While announcing the new telecom tariffs, Mr S Ramakrishnan, Managing Director, Tata Teleservices Limited, said: "TTSL’s new range of tariffs have been made available after undertaking extensive user profile studies of both our existing and potential customers." TTSL’s CDMA mobile customers now can make free local and STD calls for the first 400 minutes on most tariff plans across networks to other CDMA mobile users. Company’s new fixed line tariffs are designed in a manner so that customers can talk upto twice the time for the same charges when calling to GSM or CDMA phones, in comparison to competitors. Meanwhile the cellular industry has welcomed the introduction of free incoming calls for its customers. Mr T V Ramachandran, Director General COAI stated this measure was a historic step in India’s liberalization process, as it would help to tap the real potential of telecom and lead to increased penetration of telecom services throughout the country. He said that this measure was long overdue especially for cellular consumers who were being uniquely disadvantaged by the regulatory regime to be the only subscribers to have to pay for incoming calls. Mr Ramachandran said that a uniform one-way payment regime for all telecom consumers would level the playing field between all competitive telecom services leading to fair competition and the orderly growth of the telecom sector. With cellular tariffs having plunged to rock-bottom levels and with mobile handsets available for as little as Rs 2,000 and prepaid cards for as little as Rs 200 per month, it is hoped that this step of free incoming calls will remove the last perceptible barrier for consumers to take up and all the benefits of anytime, anywhere access with cellular mobility. (UNI) Govt pursuing faulty PDS policy: Oppn NEW DELHI, Apr 30: The opposition today launched a scathing attack on Government in the Rajya Sabha accusing it of pursuing a "faulty" Public Distribution System (PDS) policy resulting in malnutrition and starvation deaths despite huge stocks of foodgrains in FCI godowns. Charging the Government with failing to discharge its responsibility to meet the needs of the poor people, opposition members said even mid-day meal scheme for school children had suffered hiccups due to non-availability of funds in this key area. Initiating a discussion on a calling attention motion on PDS, Congress member Suresh Pachouri regretted that sub-standard ration was supplied by FCI and wheat had been given to North-Eastern States where the staple food was rice. He quoted remarks made by Vice President Bhairon Singh Shekhawat, the Supreme Court and the CAG to say that severe lacunae existed in the PDS which needed urgent attention of the Government. During the course of the debate, Deputy Chairperson Najma Heptulla pointed out that instead of rats eating foodgrains in godowns, they could be given to the needy. Responding to members concern, Food Miniser Sharad Yadav admitted that the mid-day meal had faced some problems but asserted it was now running smoothly. Pachouri and a Vijayaraghavan (CPL-M) demanded that the centre should immediately convene a meeting of Chief Ministers to ensure that poverty-sticken people were provided foodgrains at affordable prices. (PTI) Swadeshi Jagran Manch for mass movement against WTO AHMEDABAD, May 1: Swadeshi Jagran Manch national committee member K N Govindacharya today called for a mass movement to pressurise the Government to change those rules under the World Trade Organisation (WTO) which were against Indian interests. Addressing public meetings here on the culmination of two ‘yatras’, which started simultaneously from Porbandar and Dandi on April 20, Mr Govindacharya said it was time the Government decided whether or not to stay with WTO and the strategy for the next round of negotiations. "We are not yet aware as to what would happen to India after the post-patent regime comes into force from January 2005. Let there be debate and mass campaigns. Only then, national interests be preserved," he added. WTO-dictated rules favouring globalisation and liberalisation suited American interests. "They consider 30 per cent of India’s population (the haves) as their market while the remaining (the have-nots) are pain in the neck," Mr Govindacharya said. He said, "the nation is strong, the state is weak. The nation is confident the state is not sure. India can stand alone as 80 per cent of its economy is locally dependent, fulfilling its needs from within the district. It is the world that needs India and not vice versa." "It is only America which intends to spread its unipolar designs all over the world, like the vegetables should come to the USA from South America, meat from Africa from countries like Sudan, wines from select places in Europe, cereals from whichever country and pleasure from South East Asia," he said. The former BJP general secretary said successive Governments in the past, including those headed by Narasimha Rao, Rajiv Gandhi, Deve Gowda, I K Gujaral and Atal Bihari Vajpayee, had bowed down to the Western pressure tactics. "The NDA Government tried a little to save the country’s interest at Doha. But all the contentious issues have been kept pending for the next round of negotiations. (UNI) |
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