SPECIAL COVERAGE
CHANDIGARH

LUDHIANA

DELHI


THE TRIBUNE SPECIALS
50 YEARS OF INDEPENDENCE

TERCENTENARY CELEBRATIONS
B U S I N E S S

Working conditions for women discriminatory: ILO
New Delhi, September 7
Asian employers, especially Indian employers, continue to discriminate against their women employees while providing benefits and promotion opportunities in comparison to men, revealed a study conducted by the International Labour Organisation in 61 countries.

FinMin studies PSU revival plan
New Delhi, September 7

Pending formation of the Board for Reconstruction of Public Sector Enterprises, Heavy Industry and Public Enterprises Ministry has sought the support from the Finance Ministry to revive 21 loss-making companies at a cost of Rs 5,000 crore.

Samsung launches the slimmest CDMA handset
K.S.Kim, President & CEO, Samsung South West Asia Region and MD, Samsung India Electronics Ltd, launches the world’s slimmest CDMA phone at a press conference in New Delhi New Delhi, September 7
Shifting focus from high-end to low-end segment and renewing emphasis on the CDMA sector, Samsung India Electronics today rolled out the world’s slimmest CDMA handset in the country in association with Reliance Infocomm.


K.S.Kim, President & CEO, Samsung South West Asia Region and MD, Samsung India Electronics Ltd, launches the world’s slimmest CDMA phone at a press conference in New Delhi on Tuesday.
— Tribune photo by
Mukesh Aggarwal




 


EARLIER STORIES

 

This Dara Singh became a poultry cage-maker
Dara Singh Chandigarh, September 7
Unlike the legendary Dara Singh, who grappled with wrestlers to achieve world fame, his namesake from Ropar district wrestled with circumstances to earn name. Hailing from Mohan Majre Fasse village near Behrampur in Ropar district, this Dara Singh has already established himself as a big-time entrepreneur in the poultry industry that lies north of Delhi.

Mukesh is telecom man of year
Mukesh Ambani New Delhi, September 7
Reliance Infocomm Chairman and Managing Director Mukesh Ambani has been chosen the “Telecom Man of the Year 2004” while public sector Bharat Sanchar Nigam Limited has been adjudged the top telecom service provider by Voice and Data magazine.

Special Parkash Utsav
gold coins

Chandigarh, September 7
The Shiromani Gurdwara Prabandhak Committee has brought out specially designed gold coins to commemorate the 400th anniversary of Guru Granth Sahib installation.


Specially designed gold coins, weighing 10 gm each, that have been brought out by the SGPC to commemorate the 400th anniversary of Guru Granth Sahib installation.
Specially designed gold coins, weighing 10 gm each, that have been brought out by the SGPC to commemorate the 400th anniversary of Guru Granth Sahib installation

PHDCCI for Haryana power policy
Chandigarh, September 7
The PHD Chamber of Commerce and Industry has urged the Government of Haryana to formulate a comprehensive state power policy, which should outline the roadmap for privatisation and distribution of power in the state along with increasing the generation capacity of power.

Models wear matching shoes as they present the Spring/Summer 2005 collection by Esteve Sita Murt
Models wear matching shoes as they present the Spring/Summer 2005 collection by Esteve Sita Murt during the Pasarela Gaudi fashion show in Barcelona on Tuesday. — Reuters

Philips to merge its arms
Mumbai, September 7
The boards of Philips India Ltd, Philips Medical Systems (India) Pvt Ltd and Philips Software Centre Pvt Ltd have approved the merger of these three entities into a single company, Philips Electronics India Ltd.

26 cycle firms for
Cologne fair

New Delhi, September 7
Over 26 Indian cycle and cycle component manufacturers will participate in four day International cycle fair to in Cologne, Germany, from September 16-19.

Vanishing cos may be fined
Mumbai, September 7
In a serious bid to end the honeymoon of fly-by-night companies, the government is planning to impose different level of penalties and take all necessary steps to protect the rights of small investors.
Top








 

Working conditions for women discriminatory: ILO
Tribune News Service

  • Men get more benefits and promotion opportunities
  • Women experience more income insecurities
  • Representation of women in trade unions not much
  • They get fewer non-wage enterprise benefits
  • Discrimination more in small private enterprises
  • Only minority given paid maternity leave

New Delhi, September 7
Asian employers, especially Indian employers, continue to discriminate against their women employees while providing benefits and promotion opportunities in comparison to men, revealed a study conducted by the International Labour Organisation in 61 countries.

The study, “The Economic Security for a Better World”, has lamented that while women all over the world experience more income insecurity than men, their relative position in Asia is more disadvantaged.

The study points out that the liberalisation has also adversely affected the working conditions for women. After the dismantling of the organised sector, it claims, more and more women employees are experiencing irregular payments and fluctuating incomes. Further, they have also to lose a large part of their earnings to relatives, middlemen and others in the unorganised sector.

The study has revealed that Asian women are concentrated in informal economic activities, which is an indicator of the various forms of insecurity plaguing them.

It also seems that women gain less when moving into more formal jobs as compared to men. This implies that formalisation of jobs could widen the inequalities between men and women.

Quoting evidence from 61 countries, the ILO study has lamented that Asian women are less likely to occupy senior positions in trade unions than in most other regions of the world. In India, for instance, the representation of women in the trade unions is negligible.

“The women have only 10 per cent of top union managerial positions in Asia, as compared to European countries.”

The study also says that girls from developing countries are often asked to earn when their families experience financial crisis. This translates into lifetime disadvantages, in terms of education attained and thus denying them access to better - paying jobs, the study said.

Women typically receive fewer non-wage enterprise benefits, which is often a greater source of gender-based inequality than differences in wages. This also applies to African countries, where the payment of non-wage benefits is less common than in richer countries.

Discriminatory recruitment practices against women are more common among small private enterprises in every country - be it Brazil, Chile, China, India, Indonesia, Pakistan, the Philippines, Tanzania or Ukraine.

A minority of women workers only receives paid maternity leave. It is mostly confined to women with higher income levels.

Still worse, employers tend to prefer men in a wide range of production jobs, and in some they see racial or disability discrimination as more pervasive.

Discrimination is often greater in the provision of training opportunities than in recruitment, trapping women in a “glass tunnel.”

Policies on equality of opportunity are often neglected when workers enter firms. The types of contracts women frequently hold impinge on their ability to have a child without running the risk of losing their jobs. The risk is higher in countries like China or Indonesia with women having less than a year of service.

Women are more likely to report stress in their jobs, but are less likely to report job dissatisfaction, the study said, adding that in most countries, probability of upward mobility is greater for men than women.

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FinMin studies PSU revival plan

New Delhi, September 7
Pending formation of the Board for Reconstruction of Public Sector Enterprises (BRPSE), Heavy Industry and Public Enterprises Ministry has sought the support from the Finance Ministry to revive 21 loss-making companies at a cost of Rs 5,000 crore.

The Finance Ministry is studying the plan in detail, which will involve fresh infusion of Rs 2,000 crore in some PSUs, apart from the closure of seven companies, highly placed sources told PTI.

Prime Minister Manmohan Singh had told the conference of PSU chief executives last week that the government would soon constitute BRPSE, which would advise on restructuring of PSUs. The options would include disinvestment, outright sale or closure.

Under the plan, submitted by the Heavy Industry Ministry, the government will also have to either waive the outstandings from the loss-making PSUs or convert a part of it into equity.

The cost of the waiver or conversion of its dues into equity will also be huge as the 21 companies that are to be revived under the plan owe around Rs 2,500 crore to the government.

The cost of the closure of seven PSUs has been worked out to be close to Rs 1,000 crore.

Under the plan, fresh funds to the tune of Rs 1,000 crore will be infused into HMT and its subsidiary companies and a part of their dues too would be converted into equity or waived. — PTI

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Samsung launches the slimmest CDMA handset

New Delhi, September 7
Shifting focus from high-end to low-end segment and renewing emphasis on the CDMA sector, Samsung India Electronics today rolled out the world’s slimmest CDMA handset in the country in association with Reliance Infocomm with a price tag of Rs 2,999.

The matte black phone, Slim, weighs just 80 gm and comes with a free pre-paid Reliance India Mobile (RIM) connection.

“We expect to fuel the growth of the CDMA industry in the Indian market through our innovative product launches. Slim has been launched keeping in mind the needs of Indian users who want products with latest features and design,” Samsung South West Asia CEO and MD K S Kim told newspersons here.

“The handset will be available exclusively with RIM connection,” he added.

The phone is compatible with 800 MHz CDMA frequency, has 16 polyphonic ringtones, memory of 2,000 entries, Hindi option, flash memory (32 MB), SRAM (8 MB), besides selectable ringer tones.

While the two companies refused to divulge the details of the targeted sales, Reliance Infocomm representative Praveen Pasricha said Reliance will roll out more than 0.5 million handsets in the Indian market within the next two weeks.

“We expect the demand to be good due to the price factor and the forthcoming festival season,” he added.

Samsung India is a subsidiary of the $ 56 billion Samsung Electronics Co Ltd. It operates in India in four categories — consumer electronics, home appliance, IT and telecom products. — UNI

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This Dara Singh became a poultry cage-maker
Sarbjit Dhaliwal
Tribune News Service

Chandigarh, September 7
Unlike the legendary Dara Singh, who grappled with wrestlers to achieve world fame, his namesake from Ropar district wrestled with circumstances to earn name.

Hailing from Mohan Majre Fasse village near Behrampur in Ropar district, this Dara Singh has already established himself as a big-time entrepreneur in the poultry industry that lies north of Delhi.

From a humble beginning of Rs 5 per day, he has become a provider of jobs directly and indirectly to hundreds of persons. After passing the higher secondary examination from a school in Chamkaur Sahib, Mr Dara moved to Pune in search of a job in 1980.

He started with a job that earned him Rs 150 per month with a promise of a Rs-50 increment.

As frustration started to set in, he quit the job and joined a boiler-erection company, which sent him off to Tamil Nadu for boiler installation in sugar mills. At Rs 4,000 per month he didn’t have regrets till anti-Sikh riots of 1984 changed the course of his life.

Feeling unsafe, after remaining in hiding for nearly a month in a politically surcharged atmosphere, he finally quit the job to return to Punjab.

That proved to be a turning point of his life.

After dabbling in the jobs of electrician and mechanic, he shifted to Mohali where he started working in a private company. From there he moved to Chanalon, where he joined a job in a wire-mesh factory. So impressed was the factory owner that he made him the de facto in charge of the factory.

However, the urge to be an entrepreneur itched from within. He, along with his brother-in-law, started making cages for poultry birds by using the wire-mesh material from the factory he was employed with.

Within a short period, his cages became popular in the region, neighbouring states included. He started his own factory in a small shed at Chanalon, near Kurali, in 1998. And since then he has established himself as a leading player in this field.

Mr Dara has also expanded his business tremendously. “I have now started setting up complete poultry units for poultry farmers. From construction to providing cages, feed machines, drinking water system, egg layers, all technology and systems are being provided by me,” he says.

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Mukesh is telecom man of year

New Delhi, September 7
Reliance Infocomm Chairman and Managing Director Mukesh Ambani has been chosen the “Telecom Man of the Year 2004” while public sector Bharat Sanchar Nigam Limited (BSNL) has been adjudged the top telecom service provider by Voice and Data magazine.

Bharti Televentures bagged the honour for being the best cellular service provider and BSNL for fixed line, national long distance and Internet services.

Mr Ambani was awarded for his “vision and efforts which helped transform the telecom sector and the lives of millions of Indians by making the masses a part of India’s telecom revolution,” Voice and Data said in a statement here.

“I accept this award on behalf of ‘Team India’, and Indian youth in particular, who have made Reliance Infocomm happen and contributed to the country emerging as the world’s fastest growing telecom market,” Mr Ambani said in a statement here today.

He said the award was also a tribute to the contribution of all telecom operators for the growth of the Industry. Reliance Infocomm Ltd is India largest mobile service provider with over 8 million customers. Mr Ratan Tata was the “Telecom Man of the Year” in 2003.

VSNL was number one ILD operator and HCL Comnet was the top VSAT and network management service provider.

Voice and Data named HP India as the top network storage company and Tata Consultancy Service was adjudged the leading telecom software company. — UNI

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Special Parkash Utsav gold coins
Tribune News Service

Chandigarh, September 7
The Shiromani Gurdwara Prabandhak Committee (SGPC) has brought out specially designed gold coins to commemorate the 400th anniversary of Guru Granth Sahib installation.

Weighing 10 gm each, these coins have the Golden Temple of Amritsar and the lotus-flower, a symbolic representation of Guru Granth Sahib engraved on both sides. The new coins were presented to the Prime Minister, Dr Manmohan Singh, Punjab Chief Minister, Capt Amarinder Singh, and other dignitaries when they visited the gurdwara for the historic celebrations recently.

They have been designed and produced by a Jaipur-based jewellery manufacturing company, Dwarka Gems Ltd. The Managing Director of the company, Mr K.B Goyal, said, “The Granth Sahib, which is a storehouse of knowledge not only contains the teachings of Sikh Gurus but also of saint poets, sufi shayars, Kabir, Raidas, Mardana and Bulle Shah. Since the lotus is considered to be a symbol of knowledge, it has been engraved as a representation of Guru Granth Sahib.”

Top

 

PHDCCI for Haryana power policy
Tribune News Service

Chandigarh, September 7
The PHD Chamber of Commerce and Industry has urged the Government of Haryana to formulate a comprehensive state power policy, which should outline the roadmap for privatisation and distribution of power in the state along with increasing the generation capacity of power.

According to the PHDCCI, the state power policy should make provisions that unutilised captive capacity is supported by way of purchase of power at appropriated tariff with the approval of the state Electricity Regulation Commission. It is pointed out that the state has huge potential for captive power generation, which is at present lying underutilised. And its vast agriculture base also has tremendous scope for co-generation.

The chamber has called for 100 per cent metering and making energy audit compulsory in the state. This will help monitor the energy supplied to industrial estate and other important feeders in urban and rural areas at the sub-stations.

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Philips to merge its arms

Mumbai, September 7
The boards of Philips India Ltd, Philips Medical Systems (India) Pvt Ltd (PMSI) and Philips Software Centre Pvt Ltd (PSCL) have approved the merger of these three entities into a single company, Philips Electronics India Ltd.

The merger scheme envisages a share swap ratio of one PSCL share for every two shares of Philips India (PIL) and 78 PMSI shares for every one PIL share, the company said in a release here today.

Philips India and the PSCL are the wholly-owned subsidiaries of the Netherlands-based Royal Philips Electronics while PMSI is a subsidiary of PIL.

The merger and change of name would take effect after the consents and approvals from shareholders and the high courts concerned, which is expected to conclude in March 2005, Philips said. — PTI

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26 cycle firms for Cologne fair
Tribune News Service

New Delhi, September 7
Over 26 Indian cycle and cycle component manufacturers will participate in four day International cycle fair to in Cologne, Germany, from September 16-19.

Under the banner of Indo-German Export Promotion Project (IGEP), companies such as R&R bikes, Sovereign Exports, Summan International, Jindal Fine Industries and Big-Ben Exports will participate in the fair.

Dr D.Kebschull, Director, IGEP, said, “India has acquired a position of being the second largest bicycle manufacturing country in the world, only behind China. The fair will provide an opportunity to the companies to learn about the latest trends besides exploring the European market.”

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Vanishing cos may be fined

Mumbai, September 7
In a serious bid to end the honeymoon of fly-by-night companies, the government is planning to impose different level of penalties and take all necessary steps to protect the rights of small investors.

The Department of Company Affairs is exploring the possibility of introducing the concept of minimum penalty and making certain penalties non-compoundable for irregularities like mis-statement in prospectus, fraudulently inducing people to invest.

However, the government is planning to impose heavy penalty for violations relating to buy-back of shares under its initiative of revamping the Company’s Act 1956. — UNI

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BRIEFLY

ESRI India
Chandigarh, September 7
ESRI Inc., USA, has conferred the 'ESRI High Achievement Award' for Asia Pacific on NIIT Technologies' GIS subsidiary. Mr Rajesh C. Mathur, President, ESRI India, received the coveted award at the ESRI International Conference in California. ESRI India, the country's leading GIS solutions provider is an ESRI Inc and NIIT joint venture. — TNS

Cooker hood
Chandigarh, September 7
Kaff, a kitchen appliances company, is offering Vega, a cooker hood with PDCA (pressure die cast aluminium) motors, to rid kitchens of smoke and pollution. The high suction capacity of the motor helps extract the cooking fumes as well as the oily deposits from the kitchen. — TNS

Reliance Energy
Mumbai, September 7
Reliance Energy Ltd, a major electricity supplier in Mumbai is in the running for building a 500-MW power plant in Haryana. According to reports, Reliance Energy has bid Rs 2200 crore for the coal-based power plant. — TNS

BEL awarded
Chandigarh, September 7
Bharat Electronics Limited ( BEL), a premier defence public sector unit, has bagged the prestigious MoU award for 2002-2003. BEL Chairman and Managing Director, Mr Y. Gopala Rao, received the award from Prime Minister Manmohan Singh at a function in New Delhi recently. — TNS

Smile TV
Chandigarh, September 7
Zee Telefilms will launch a new entertainment channel, called Smile TV, from September 12. According to Mr Ashish Kaul, Vice President, Corporate Brand Development, Essel Group said, Smile TV till very recently was available on Direct-to-Home - Dish TV. With this move viewers will get an opportunity to watch Smile TV on their cable network. — TNS

Loan disbursal
Barnala, September 7
Mr C.S. Kang, Deputy General Manager, State Bank of Patiala (SBoP) and Mr Vinod Kochhar, AGM, SBoP, offered loans worth Rs 31 lakh to 28 beneficiaries at a loan disbursement function, hosted by the bank’s SD College branch, in its complex yesterday. While Mr Kang emphasised on public support, Mr Kochhar highlighted various public loan schemes of the bank. — OC

Iffco urea sales
Abohar, September 7
Mr Surendra Kumar Jakhar, chairman, Iffco, said here that the organisation has recorded a 33.9 per cent increase in its urea sales. He said that a $ 968 million ammonia/urea complex in Oman would be commissioned by the next year. Mr Jakhar said that he has set a target of Rs 15,000 crore turnover under the Vision 2010 programme. — OC
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