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Wednesday,
February 12, 2003, Chandigarh, India  
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TRIBUNE EXCLUSIVE Pepsi to
export citrus from Punjab Bank
notice to Rajpura MLA Reliance
quizzed on roaming |
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Chevrolet
to hit Indian roads India,
Canada to ease visa norms Industrial
output grows 5 pc J&K
industrial policy from April Software
exports log 28 pc growth
Fitch
retains debt ratings
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TRIBUNE EXCLUSIVE New Delhi, February 11 The transmission network, billed as the longest in Asia, will connect Talcher in Orissa and Kolar in Karnataka across towers three times higher than the Qutab Minar and has been commissioned seven months ahead of schedule by Powergrid Corporation (PGCIL) and will be inaugurated by Prime Minister Atal Behari Vajpayee in Kolar. “The transmission network will ease the flow of power in the South which is at present operating at a terribly low frequency of 48 hz and at the voltage level of 316 kv. The Talcher-Kolar line will raise the frequency to 50 hz and maintain a consistent voltage level of 400 kv”, CMD of PGCIL R.P. Singh told The Tribune here today. In addition, another 250-km transmission network connecting Raipur to Rourkela is expected to go on steam shortly. “It (Raipur-Rourkela line) has been test-charged and will be commissioned shortly”, Mr Singh said. This line will provide the vital East-West link and run on the alternate current (AC) mode — a technological jump vis-a-vis the existing DC mode. PGCIL had commissioned the 5,000 MW northern region load dispatch centre (NRLDC) in November. The Centre has set a target of setting up a 23,000 MW national grid by 2007. Mr Singh, however, said transmission redundancy gap in the North has been pushed to the hilt primarily because of the non-completion of proposed hydro-electric projects in the region. “Emphasis should be on expediting the hydro-power projects, especially in Uttaranchal and Jammu and Kashmir. Also, there should be proximity between the load despatch centre and the generation unit”, Mr Singh said. On grid failures, which is frequently seen during extreme weather conditions, especially during foggy conditions during the winter, he said it was more due to external factors, such as pollution, rather than on any lacunae in the technology. “There is nothing wrong with the technology. There are brick-kilns very close to the towers and this leads to gathering of dust”, he said. PGCIL, on its part, will undertake extensive clearing of towers during the next winter season. “The exercise will be an annual affair. But we expect some opposition as it will coincide with the Rabi crop season. Obviously, it will involve stopping power transmission for some time, may be up to two days”, he said.
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Pepsi to export citrus from Punjab
Jalandhar, February 11 Pepsi had entered into an agreement with the Punjab Agri Export Corporation (Pagrexco) for commercialising the production, PepsiCo Executive Director Abhiram Seth said at the launch of the company’s Agri Research and Development Centre at Jallowal village, near here. Pepsi would buy the citrus from farmers and these would be exported to the USA for ‘Tropicana’. Eight cultivars of sweet orange and root stock seedlings, along with 1600 seedlings in 19 different combinations, have been imported from the USA and the citrus stock placed under quarantine in the screen house.
OC, PTI
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Bank notice to Rajpura MLA Patiala, February 11 Addressing a press conference here today, Bank Zonal Manager H.S. Hoon said Mr Khurana and others had been given 60 days to repay their loans otherwise their properties would be attached. He said one month had already passed since the issuance of the notices. Mr Hoon said other defaulters included Karan Cotspin, Samana, which owed Rs 4 crore and Punjab Breeders, Rajpura, which owed Rs 2.5 crore. He said following the issuance of the notices the permission of the DC was taken to take over possession of their properties. This resulted in the settlement of nine cases involving a sum of Rs 71 lakh. He said in the remaining two cases the properties of Ravi Mill Store at Rajpura and Patiala Automobiles at Patiala were taken over by the bank. Following this action Ravi Mill Store owner had repaid the amount the very next day. The bank was issuing more notices to 40 more firms who were to pay Rs 10 crore. The bank was contemplating to initiate an action for taking over the possession of the defaulters assets to force them to come to terms and repay their dues.
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Reliance quizzed on roaming
New Delhi, February 11 “Offering WLL services outside local call area known as short distance charging area (SDCA) is prohibited and we have asked them (Reliance Infocomm) to explain their position,” TRAI counsel said in the Telecom Dispute Settlement Tribunal (TDSAT). The TDSAT, however, declined to pass any direction with regard to Reliance’s advertisement, promising value added services like roaming on their WLL phones. The case would come up for hearing on February 17. Informing the tribunal about Tata Teleservices’ alleged WLL coverage outside the SDCA, TRAI counsel Meet Malhotra said they (Tatas) had given a “categorical assurance” to the regulator that their WLL services would not be available outside the SDCA. Reliance Infocomm has been advertising various value added services on their WLL phones like free SMS and roaming access across 673 cities. This was contested by the Cellular Operators Association of India (COAI), which had filed a petition in the TDSAT. TRAI had sent a notice seeking clarifications from Reliance Infocomm last Friday. Reliance officials, however, were not available for comments. The cellular operators have also sought penal action against those WLL operators who were violating their licence terms.
PTI
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Chevrolet to hit Indian roads
New Delhi, February 11 Mr Aditya Vij, President and Managing Director, GMI, said India had been identified as one of the key growth areas in the Asia Pacific region and the company planned to make Chevrolet the most admired and preferred automotive brand in India. Chevrolet would complement GM’s brand portfolio of ‘Opel’ in India by offering superior value that would exceed expectations in terms of product performance, styling and quality, he said.
UNI
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India, Canada to ease visa norms
New Delhi, February 11 Mr Jaitley emphasised the need to develop a mechanism of granting of visa to genuine businessmen either on the recommendations of the ministry or apex business chamber, which would be duly considered by the Canadian High Commission.
TNS
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Industrial output grows 5 pc New Delhi, February 11 The cumulative industrial growth during the first nine months of the current fiscal (April to December, 2002-03) registered 5.3 per cent growth as compared to 2.5 per cent during the same period last year. The manufacturing sector, which carries about 80 per cent weight in the IIP, clocked a 5.3 per cent growth in December, 2002, up from 3 per cent in the same month last year, the quick estimates of the IIP released by the Central Statistical Organisation (CSO) here today disclosed. The cumulative growth in the manufacturing sector increased by 5.4 per cent during the nine-month period as against 2.7 per cent during the same period last year. Electricity registered a decline clocking 2.5 per cent growth in December, 2002, as compared to 4.2 per cent in the corresponding month of the previous year. During the nine-month period, however, the electricity sector increased by 3.8 per cent as compared to 2.8 per cent in the same period last year. The mining sector registered a growth of 4.6 per cent as against 1.8 per cent growth in December in the last fiscal year.
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J&K industrial policy from April Jammu, February 11 The salient features of the proposed policy were presented at a high-level meeting, chaired by Deputy Chief Minister Mangat Ram Sharma here yesterday. Under the policy, 30 per cent capital investment subsidy will be given to entrepreneurs in the industrially backward blocks of the state, subject to a ceiling of Rs 30 lakh per unit.
PTI |
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Software exports log 28 pc growth New Delhi, February 11 According to the survey, software and services exports from India generated revenue of Rs 34,000 crore during April to December 2002 — up from 26,600 crore during the corresponding period of the previous year. Chairman of Nasscom Arun Kumar said despite a slowdown in IT spending globally, there had been a growth of 20 per cent in IT services and growth of 61 per cent in IT-enabled services — the business process outsourcing (BPO) segement during April to December, 2002. Software and services exports are also increasing their contribution to overall exports from the country.
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Fedders Lloyd AC Sugar recovery Tax incentives Subex deal ICICI rates cut FreeMarkets unit Gold plunges FDI up 3.5 pc Aftek Infosys Verka sugar Nabard projects |
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