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Thugs
target Armymen
Ludhiana, January 5
Thugs, who deprive people of their belongings after drugging them, are operating freely on trains, buses and taxis running between Ludhiana and Delhi.
Even though announcements are frequently made on the public address system at the local railway station warning the passengers against accepting any eatables or drinks from strangers, incidents involving drugged passengers at various railway stations of the region continue unabated.
Small-scale units appeal for cut in interest rates
Ludhiana, January 5
The Apex Chamber of Commerce and Industry (Punjab) has complained to the Secretary, Small-Scale Industry, Union Government, Mr S.K. Tuteja, that the banks were charging higher rate of interest, up to 15 per cent, from small-scale units against the PLR of 10.5 to 11 per cent. Contrary to this, the banks were lending money to the large scale units at the rate of 7 per cent forcing the small-scale units to become sick.
Punjab losing crores
Delay in online lottery
Ludhiana, January 5
Punjab has been losing crores of rupees for its delay in taking a final decision about the introduction of online lottery in the state. Other states like Sikkim, Karnataka and Maharashtra are learnt to have already earned crores by introducing it ahead of others.
PNB
begins acquiring defaulters’ property
Ludhiana, January 5
Armed with the latest legislation on debt recovery, Punjab National Bank (PNB) yesterday started the process of acquiring the property of defaulting units. In this connection, the PNB took over the possession of the property mortgaged in the account of M/s Chincky Garments, dealing with branch office Basti Jodhewal, Ludhiana.
Yarn traders sore at taxes
Ludhiana, January 5
The Punjab Pradesh Beopal Mandal said here today that the state government had not fulfilled any of its promises, so far.
In a letter to the Chief Minister, the general secretary of the
mandal, Mr Mohinder Aggarwal, said there had been no improvement in the trade and industry scenario in the state. He urged the Chief Minister to revise its trade and industry policy.
LMA organises seminar
Ludhiana, January 5
“We have already paid a price of being a protected economy for longer than was warranted. Our share of world trade has reduced form 5 per cent in 1947 to 0.5 per cent today. We have over 2,000 brands in India, the largest in Asia after Japan. And yet we have the dubious distinction of not having a single brand that is truly ‘international’.”
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