Wednesday, April 26, 2000, Chandigarh, India
|
Appoint new CMD for IA:
committee Jain TV in trouble Punjab extends ST holiday Move to set up power co-op in
Tohana |
|
Court directive to
Harshad Mehta PunCom ties up with US firm SEBI imposes 5 pc margins More scrips for NSE UTI fund for retirees Indian Shaving net dips Appoint new CMD for IA: committee NEW DELHI, April 25 (PTI) A parliamentary committee today asked the government to initiate fresh action to fill all posts where appointments have been made bypassing the Public Enterprises Selection Board (PESB), including the appointment of Anil Baijal as Chairman and Managing Director of Indian Airlines. Taking strong exception to the appointment of Civil Aviation Joint Secretary as Indian Airlines CMD, the Committee on Public Undertakings recommended immediate action to scrap the provision for bypassing the PESB procedure so that all recruitments to top posts in public undertakings are done on an equal footing by only one agency. The committees second report, which was placed in both Houses of Parliament today, said it expected a positive action in this regard within three months. The committee, headed by BJP MP V.K. Malhotra, asked the government to initiate fresh action to fill up all such posts, through the PESB on a regular basis, treating the earlier appointments as ad hoc. The report said it found the governments reply that the PSEB was bypassed only under special and rare circumstances like the poor health of PESB very vague and incomplete. The committee feels that once a set of systems and procedures has been established to fill top level positions, there should be no stipulation made along with it to enable the bypassing of the system which would really make the whole legally established system redundant, the report said. The committee said the rule of law would be restored in the matter of appointments to top posts in PSUs only when this kind of unreasonable stipulation were scrapped from procedures. The committee said it did not understand how suddenly the poor health of the PSE came to afflict the functioning of the PSEB only when it came to the matter of filling the vacancy of CMD of Indian Airlines, while the same PESB was approached to fill posts in other PSUs, which were not so much in the pink of their health. This clearly indicate that there was no sudden disabling illness and no special and rare circumstances which existed then to justify the bypassing of the PESB, the report said.
|
Punjab
extends ST holiday CHANDIGARH, April 25 Mr Parkash Singh Badal announced an extension of the sales tax holiday for units till April 30, 2000, at an interaction with PHDCCI members here yesterday. Mr Badal said units fulfilling the criteria of having acquired land, applied for loan or having obtained special licence (where licence is compulsory) till April 30, 2000, can take the benefit of sales tax holiday even if the unit starts production after April 30. Chamber President K.S. Mehta asked industrial houses to take over the management of various ITIs to train youth in different vocations.The Mohali Industries Association Gates (India) Pvt. Ltd. offered to adopt an ITI each. Capt Kanwaljit Singh,
Finance Minister, offered to honour units which are
honest sales tax payees by either issuing them a
Green Card or adopting a samman
system. |
Move to
set up power co-op in Tohana CHANDIGARH, April 25 Tohana in Haryana , is being considered for an exploratory pilot project under which a rural power co-operative, proposes to buy power for distribution among members, promises reliable and good quality of power. The US-based National Rural Electric Co-operative Association (NRECA) International, is, presently discussing modalities of such a project with power authorities in Haryana. Mr Paul J. Clark, Vice-President of the NRECA says The concept of a co-operative body handling power distribution is new for the government and they have to be convinced that such a system can work. Countrywide the NRECA is thinking of setting up 30 such co-operatives with each having membership of 20,000 members, he added. Explaining the idea Mr Clark said co-operatives buy power from the state electricity board and distribute on its own. The co-operative shall also collect bills. When asked what will happen if a resident living in a particular area does not wish to join the co-operative, he said power will be supplied to him, however, benefits accrued from the co-operative movement will not be passed on to such consumers. The co-operative will cut down on distribution losses, and ensure that everyone pays for the power he consumes. Giving an example of Bangladesh he said the NRECA was ensuring almost 97 per cent collection of bills under a rural co-operative scheme run successfully in that country. The Mumbai based Infrastructural Development Corporation is also planning on power sector policy and the NRECA has already given its views on it. How will the co-operative distribute power when it has to ultimately buy power from the state electricity authority? Options are to procure power from a bio-mass based energy plant run by a major industrial house in Tohana or from independent power producers based elsewhere. Besides this the state government has to ensure that people who pay bills will get priority in power supply as reward for better management of their co-operative set ups. The idea is to ensure back-up supply also Mr Clark added while stressing that by providing efficient distribution and if the government allows for a discount against bulk purchase, the co-operative can do well. Power can be supplied at very good rates, even below the prevailing rates. The co-operative will be owned by the members and run by a board of directors elected from the membership , which sets policies and procedures that are implemented by the professional staff of the co-operative. In the US NRECA runs 875 co-operatives serving 32 million people spread over 46 states . The co-operatives maintain nearly 45 per cent of the electric distribution lines in the USA while their collective assets exceeded $ 62 billion in 1997.
|
Court directive to Harshad Mehta MUMBAI, April 25 (PTI) Big Bull Harshad Mehta and his associate Niranjan Shah were today directed by a magistrate to appear before it on April 28 in response to a process issued against them for alleged violation of the Foreign Exchange Regulation Act, failing which the court would issue non-bailable warrants. Another accused, Jairaj Java, was, however, exempted from appearance because he had earlier surrendered before the court. Later, he procured a high court permission to visit Dubai for three months on a business tour from April 21. Additional Chief
Metropolitan Magistrate Usha Iyer had on April 17 issued
process against the trio for FERA violation to the tune
of $ 6 lakhs. |
PunCom
ties up with US firm CHANDIGARH, April 25 Punjab Communications Limited (PunCom) has entered into a collaboration with Level One Communication Inc of the USA for the design and manufacture of SDH and IP based products based on Level One chip designs. According to company sources, Level One recently introduced STM-1 chip set into the world market and is the technology leader in this field. In its bid to enter the Indian market in a big way, it has chosen PunCom as a strategic partner. PunCom will initially manufacture transmission terminal equipment up to 155 Mbit/Sec based on new Synchronous Digital Hierarchy (SDH) as compared to its existing product list based on Plesiochronous Digital Hierarchy (PDH). The agreement allows
PunCom to outsource components globally and market SDH
products on highly competitive rates. PunCom has targeted
to capture up to 30 per cent share of the growing SDH
market of DoT and the Railways by 2002. |
bb
Bullion Forex Aptech Jindal Photo IVPA code SBI meet |
| Punjab | Haryana | Jammu & Kashmir | Himachal Pradesh | Regional Briefs | Nation | Editorial | | Business | Sport | World | Mailbag | Chandigarh Tribune | In Spotlight | 50 years of Independence | Tercentenary Celebrations | | 119 Years of Trust | Calendar | Weather | Archive | Subscribe | Suggestion | E-mail | |