Wednesday, August 21, 2002, Chandigarh, India






National Capital Region--Delhi

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B U S I N E S S

Allottees’ plea for petrol supply rejected
New Delhi, August 20
The Delhi High Court today rejected the plea of various allottees of petrol pumps and gas agencies for restoring the supply of petrol, diesel and LPG to them despite termination of their dealerships, saying no such direction could be issued at this stage.

Punjab citrus fruits for Pepsi
Chandigarh, August 20
Pepsi Foods has decided to explore the vast potential of citrus fruits production in Punjab to replace the imported concentrated citrus juices for its Tropicana brand.

Food mafia threat to grain lifting
Chandigarh, August 20
Crises in Punjab agriculture cannot be permitted to continue because these have a negative cascading impact on the economy. One such crisis is of huge food grain stock rotting in godowns.

IBM, StanChart face lawsuit
London, August 20
Leading firms, including DaimlerChrysler, IBM, Standard Chartered and NatWest banks and Vickers defence company, are to face a multi-billion pound lawsuit, claiming that they profited from collaborating with apartheid-era South Africa.

A Chinese woman walks past a poster promoting a store on sale in Beijing A Chinese woman walks past a poster promoting a store on sale in Beijing. The latest official statistics show that Beijing experienced a 9 per cent increase in GDP in the first half of this year. — Reuters

IT majors tie up to train students
Bangalore, August 20
Global IT leaders have joined hands with an Indian institute to prepare an army of future network professionals by broadening the curriculum of the Cisco networking academy programme.



A South Korean woman makes a call at a public phone booth in Seoul on Tuesday
A South Korean woman makes a call at a public phone booth in Seoul on Tuesday. President of South Korean telecom giant KT Corp Lee Yong-kyung said he would ask the government to scrap a ceiling on foreign equity investment in the company, a move analysts said would boost KT shares. — Reuters

EARLIER STORIES

 

ROUND-UP

Infosys expects 32b sale income
KOLKATA:
Infosys Technologies Limited Chairman N.R. Narayan Murthy today said he was confident of recording a Rs 31.08 to Rs 31.95 billion income from the sale of software services during the current financial year. “With travel advices being withdrawn by countries like the USA, I think we will live up to our earlier estimates,” Mr Narayan Murthy told reporters here.

  • Revival plan for DSE

  • VSNL gets $ 85m from Worldcom

  • Tourism police force mooted

  • Speed up land reforms

  • Merger of VSNL, Tata Tele hinted

GRAPHIC: MOBILE USERS

Toyota Motor Corp President Fujio Cho unveils the new VOLTZ
Toyota Motor Corp President Fujio Cho unveils the new VOLTZ, planned and designed jointly with General Motors Corp, in Tokyo on Tuesday. The car was launched for sale on Tuesday in Japan at price range between 1,788,000 yen (about $15,000) and 2,052,000 yen (about $17,250). — Reuters

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Allottees’ plea for petrol supply rejected

New Delhi, August 20
The Delhi High Court today rejected the plea of various allottees of petrol pumps and gas agencies for restoring the supply of petrol, diesel and LPG to them despite termination of their dealerships, saying no such direction could be issued at this stage.

While directing the Centre and oil companies not to dispossess the allottees of their assets till September 6, when the government is asked to file reply to petitions by various allottees, Justice Manmohan Sarin said “no interim direction for resuming the supplies can be issued at this stage.”

The allottees pleaded that the oil companies should be directed to continue the supply to them at least till next hearing so that the consumers would not suffer.

Putting the allottees in three categories — (i) those only been issued letters of intent not made actual allotment, (ii) whose outlets are terminated and (iii) whose premises are sealed — the court said in the case of first category no third party interest should be created by the government till next date of hearing.

The court said the oil companies would not terminate the allotments any further in those cases where they had not done it so far and would not dispossess the sealed ones from their assets in the interim period.

Over 40 allottees, mostly from Uttaranchal, Uttar Pradesh, Haryana, Punjab and Delhi, moved the court today challenging the government order cancelling petrol pump, LPG and kerosene dealerships since 2000 following the allegations of large scale allotments to the BJP and Sangh Pariwar activists.

2,131 allotments cancelled

Oil companies have taken over 467 petrol pumps and gas agencies while terminating 2,131 out of the 3,565 allotments cancelled by the Prime Minister following allegations of favouritism in their award. The Oil companies have till date sealed 263 petrol pumps, 197 gas agencies and 7 kerosene dealerships.

While various courts across the country have given interim orders in case of 729 allotments, state-run oil companies have cancelled 941 petrol pumps, 1,043 domestic cooking gas (LPG) agencies and 147 kerosene dealerships as on August 19, 2002, highly placed sources told PTI here.

Of the 2,131 allotments cancelled, 288 petrol pumps, 541 gas agencies and 44 kerosene dealerships were commissioned while in the case of remaining only letter of intents (LoI) were issued, sources said.

“Cancellation of dealerships where only LoI has been issued won’t be a problem but in case of commissioned outlets compensation may have to be paid in cases where retail outlet/ gas agencies sites are owned by the dealers,” they said.

Of the 3,565 dealerships which have to be cancelled, 979 petrol pumps, 1,162 LPG agencies and 105 kerosene dealerships have already been commissioned while LoIs have been issued in case of 681 petrol pumps, 532 gas agencies and 106 kerosene dealerships. PTI
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Punjab citrus fruits for Pepsi
Tribune news Service

Chandigarh, August 20
Pepsi Foods has decided to explore the vast potential of citrus fruits production in Punjab to replace the imported concentrated citrus juices for its Tropicana brand. The company hopes that if the experiments of sweet citrus fruits plantation succeed, it would revolutionise the domestic juice market, currently pegged at Rs 700-800 crore annually.

The company signed an agreement with the Punjab Agri Export Corporation ( Pagrexco) here today. The agreement was signed by Mr P.K.Verma, Financial Commissioner, Development, Punjab and Mr Abhiram Seth, Executive Director, Pepsi Foods at the CM’s residence.

Under the pact Mr Himmat Singh, Managing Director, PAIC said, ‘‘Pagrexco will coordinate the project on behalf of the state government and import planting material by September. Tropicana’s cultivars will be planted including fully grown trees at eighth locations in Punjab on trial basis, which is imported from Florida, Brazil and California.’’ The land for these nurseries, would be provided by PAU and the Horticulture Department in Amritsar, Patiala, Jalandhar, Ludhiana, Hoshiarpur and other places. PAU and the Horticulture Department would look after the plants in coordination with Pepsi.

Mr Seth claimed that in case the results remained positive, the company would sign long-term contracts with farmers to procure citrus fruits, including oranges and grapes. It also plans to promote mandarian production to replace kinnows for table production.

The Horticulture Department and PAU would provide land, besides taking up the responsibility of plantation, and additional supports. PAU scientists would provide research and monitoring inputs for the projects. The state government has reportedly agreed to invest substantial funds in the project from the crop diversification fund. However, the question of any share in future benefits from the project to the Punjab government remains unanswered and the officials were unable to disclose the total investments in the project.

In fact, some officials privately admit that the project is unlikely to succeed unless the Punjab Government takes steps to legalise the contract farming through amendments in the Land Ceiling Act. This project can be a move to legalise the contract farming in the state, as desired by private agro-processing firms. In fact, a strong lobby is trying to convince the state government to initiate the process to boost agro-units.

Mr Seth said the company would be able to save substantial amount from the project as it was currently importing concentrated juices from the USA and Brazil for the Tropicana brand.
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Food mafia threat to grain lifting
P.P.S. Gill
Tribune News Service

Chandigarh, August 20
Crises in Punjab agriculture cannot be permitted to continue because these have a negative cascading impact on the economy.

One such crisis is of huge food grain stock rotting in godowns. Expeditiously clearing this is as much an issue as is de-clogging the public distribution system and finding new markets for Punjab grains. As per the state Department of Food and Supply, wheat alone procured since 1998-99 worth Rs 12, 679.71 crore is waiting to be cleared. Movement of grains outside the state is abysmally low. The wheat stock has been eating into the finances of the state which has paid Rs 1,578.85 crore as interest alone to the SBI, since 1998-99.

The changing character of the food grain sector requires radical changes in the food grain trade policies. Whatever one may say about India’s 40 million tonnes food grain buffer stock, a World Bank report on India’s food grain marketing policies and reforms to meet food security clearly says the rice and wheat demand alone is expected to rise to as much as 200 million to 230 million tonnes by 2020. This calls for efficient food grain market operations.

In this backdrop, the immediate issue calling attention is of paddy procurement and milling. This operation is carried out by the FCI and on its behalf by several state agencies. Even as current kharif crop (paddy loss) is being assessed, following delayed monsoon, elsewhere there is deep concern over “food mafia” that obstructs procurement operations or hijacks the normal trade practices in the kharif season.

The real threat that “food mafia” poses is as much from truck unions, particularly in the Malwa region, as also staff of the procurement agencies take away large chunks of food grains.

Though the Punjab government has declared truck unions as illegal, strong vested political/bureaucratic interests provide them safety-nets which impedes free and fair market play and also extract a heavy price from the procurement agencies.

There are at least eight districts in Malwa where ‘’rogue centres’’ have been identified. Such location-specific problems also result in procurement of “poor” quality paddy and resultant “poor” quality rice. Punjab can easily meet the rice requirements of neighbouring states but truck unions pool create physical obstructions and disallow others to operate. That is why Punjab is unable to meet either rice, wheat requirements of flour mills of even Himachal Pradesh, J and K, Haryana, Rajasthan and Delhi.
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IBM, StanChart face lawsuit
Conal Walsh

London, August 20
Leading firms, including DaimlerChrysler, IBM, Standard Chartered and NatWest banks and Vickers defence company, are to face a multi-billion pound lawsuit, claiming that they profited from collaborating with apartheid-era South Africa.

Edward Fagan, the American lawyer representing thousands of victims of the racist regime, is expected to visit London this week to make public a list of British defendant companies, that also includes Barclays Bank, BP and computer firm ICL.

Some are alleged to have lent money to the South African Government in the 70s and 80s. Others are accused of exploiting black workers or otherwise benefiting from racism. All companies vigorously deny wrongdoing and plan to fight the action.

Fagan, who has helped Holocaust victims to wring $1.25 billion in “Nazi gold” compensation from Swiss banks, plans to sue a host of American and European firms, including Chase Manhattan and UBS banks, computer firm IBM and Royal Dutch Shell, the oil giant.

He has estimated they are collectively liable for between $50 billion and $100 billion. The legal action seeks to establish a fund to compensate 20,000 South African citizens.

Fagan has declined to comment but is understood to be planning to lodge complaints against the multinationals at a district court in New York this week. If a judge allows the case to proceed, it is expected to last several years unless an out-of-court settlement is reached.

The action is to be filed under America's Alien Tort statute, which allows victims to sue in US courts for alleged human rights violations perpetrated in other countries.

One of the lead plaintiffs in Fagan's legal campaign is Lulu Petersen, the sister of 13-year-old Hector Petersen, whose death at the hands of police sparked the 1976 Soweto uprising. The revolt spread across South Africa, killing hundreds more people.

Michael Hausfield, another US lawyer who represented Holocaust victims, is also preparing a class action against corporations accused of propping up white rule.

The issue has embarrassed South Africa's present government, which is keen to attract foreign investment, and the country's ruling African National Congress has distanced itself from the lawsuits. But the actions are supported by Archbishop Desmond Tutu, who chaired South Africa's Truth and Reconciliation Committee.

A Barclays spokeswoman said: “We left South Africa in the mid-80s but while there we worked hard to integrate its communities.” Another British company being sued said: “We did business in South Africa but not in a way that broke laws or violated sanctions. To suggest we supported apartheid is ridiculous. We were all vocal critics of apartheid.” By arrangement with The Guardian
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IT majors tie up to train students

Bangalore, August 20
Global IT leaders have joined hands with an Indian institute to prepare an army of future network professionals by broadening the curriculum of the Cisco networking academy programme.

Cisco Systems has tied up with H-P, Sun Microsystems and Panduit Corporation to broad base its academy programme with the Indian Institute of Information Technology Bangalore (IIIT-B) to supplement the existing university curriculum across 15 states in India and through the South Asian region.

The courses will be offered in two lots —one to the teaching faculty and another to third and fourth year students of engineering colleges. And they will be offered at a price that is one-tenth the money spent for one engineering course semester because the companies will sponsor them.

"This will never replace the existing curricula in universities but supplement it as the world gets deeper into the Internet era," S. Sadagopan, Director, IIIT-B, told reporters here on Tuesday.

IIIT-B, the nodal agency for the SAARC region, will train the faculty of 10 engineering colleges in India, Nepal and Bhutan in the first batch. The trainees will then train faculty of 10 other institutions. The curriculum provides scope for students to look at the entire gamut of options available in the IT sector.

Over a period of time "we would like to reach out to the polytechnics and maybe the high school level because networking technologies have remained some kind of a mystery," said Kapil Jain, Country Manager, H-P Services India.

"Employers are hungry for IT-skilled workers and Cisco is expanding its networking academy programme to arm students with the critical IT skills necessary to remain competitive in the workplace," B. Ashok, Vice-President, Cisco Systems India, said.

"The more qualified professionals become, it means more business for the industry. It is difficult to put a number to the requirement of the industry for networking professionals, but as the Internet encompasses everyone's lives, it is imperative for the industry to look at the future demand," said K.P. Unnikrishnan, country head of marketing, Sun Microsystems, India. IANS
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ROUND-UP

Infosys expects 32b sale income

N.R. Narayana Murthy, chairman and CEO of Infosys Technologies Ltd, one of India's most successful software services companies, acknowledges the media in Calcutta on Tuesday. — Reuters photo

KOLKATA: Infosys Technologies Limited Chairman N.R. Narayan Murthy today said he was confident of recording a Rs 31.08 to Rs 31.95 billion income from the sale of software services during the current financial year.

“With travel advices being withdrawn by countries like the USA, I think we will live up to our earlier estimates,” Mr Narayan Murthy told reporters here. PTI

Revival plan for DSE

NEW DELHI: Delhi Stock Exchange has shelved a proposal to appoint market makers and chalked out a fresh revival plan involving incentives to brokers to boost trading in the ailing bourse.

Under the plan, approved by the DSE’s governing board yesterday, those who trade one lakh worth of shares per day will be given free cable connectivity for six months, sources at the local bourse said here. At present, Rs 2,000 per month was being charged for the connectivity. UNI

VSNL gets $ 85m from Worldcom

MUMBAI: VSNL has so far received $ 85 million from US-based telecom service provider, Worldcom.

“Generally there is a three month lag in international settlement and payments up to April have been received”, VSNL Managing Director S.K. Gupta said at the annual general meeting here today. PTI

Tourism police force mooted

NEW DELHI: A special tourism police force, which will provide travellers security in the destinations they prefer to visit, needs to be created by all states.

According to PHDCCI study prepared for the forthcoming Tourism Secretaries Summit of the Northern Region to be held shortly, each state in the region should identify new interstate circuits and energise the existing circuits for the development of tourism. TNS

Speed up land reforms

NEW DELHI: State Revenue Ministers have resolved to accelerate pace of various land reforms programmes during 2002-03.

The two-day conference of state Revenue Ministers, which concluded here today, also resolved that the Draft Model Pattadar Pass Book and Model Pattadar Pass Book Bill circulated to the state and union territories may be processed for adoption and action plans prepared for distribution of passbooks to farmers latest by March 2004. TNS

Merger of VSNL, Tata Tele hinted

MUMBAI: Tata group Chairman Ratan Tata today hinted that a merger between VSNL and Tata Teleservices Limited (TTL) at a later stage cannot be ruled out.

Mr Tata said as an afterthought, “I am not saying we are doing it, we are definitely looking at such a prospect”. UNI

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BIZ BRIEFS

Bajaj showroom
Chandigarh, August 20
Mr Sanjeev Bajaj, Vice-President (Finance) of Bajaj Auto Ltd., inaugurated Planet Bajaj showroom in Bathinda today. Mr Bajaj said the showroom was the first of its kind in the region. Mr Kevin D’Sa, General Manager (Finance), Mr P.K. Aggarwal, Senior Manager (Sales Support) and Mr R.M. Prajapati, Regional Sales Manager, Punjab region, were also present. TNS

LT Overseas
New Delhi, August 20
LT Overseas Limited, a company involved in the processing and trading of rice in India and international markets, has won the legal case in the United Kingdom that ensued between A1 Trading Limited and the company for the use of the trademark, according to a company statement. Following the decision, A1 Trading cannot register the trademark “Dawat” for rice, the company statement said. TNS

Motorola handsets
New Delhi, August 20
Motorola today announced the launch of three new handsets in the Indian market. “The three new handsets — V70, V60 and T191 —are priced at Rs 25,995, Rs 19,995 and Rs 6,495 respectively,” Mr U. Narendra Nayak, country operations manager (personal communications sector), Motorola India, said. PTI

Intel CEO
Chandigarh, August 20
Chief Executive Officer of the Intel Corporation Craig Berrett will visit India on August 29 to discuss how the country can reap the benefits of becoming a “total IT nation”. Mr Barrett will meet government, industry and business leaders to discuss emerging technology trends and opportunities that they present to Indian businesses. TNS

PNB branch
Bathinda, August 20
General Manager of the PNB P.N. Khurana today inaugurated the renovated and computerised premises of the Rampuraphul branch of the bank. About 200 customers attended the function. TNS

J & K Bank
Chandigarh, August 20
The Jammu and Kashmir Bank has signed an MoU with the IL&FS at Kolkata to provide equity trading facility to its clients. TNS

HCL Infosys
New Delhi, August 20
HCL Infosystems in alliance with the Microsoft Corporation will offer multilingual proofing tool that supports as many as nine Indian languages to government bodies, financial institutes and public sector undertakings. TNS

Scansoft software
New Delhi, August 20
Scansoft announced today the launch of Dragon naturally speaking V6, the latest release of its award-winning speech recognition software, in the software distributor and retail channels in India. TNS

Wockhardt
Mumbai, August 20
The Indian Institute of Packaging has selected Wockhardt Limited for its Indiastar award for innovative anti-spurious packaging. Wockhardt won the award for introducing its special holographic pack for Spasmo-Proxyvon capsules to fight the menace of the counterfeit product packs, said a statement. UNI

Centurion Bank
Chandigarh, August 20
Centurion Bank has entered into an agreement with the BSNL here to facilitate customers to make telephone bill payments through the bank branch network and internet banking at a later stage. The information was given by Mr Shyamla Khera, Regional Head (North) of the bank. TNS
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