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Quality life on Punjab’s agenda
Maruti in big league
Panacea gets fund for H1N1 vaccine
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Noose tightened around bogus firms
Rel Infra, Hyundai to build sealink
HDFC to buy 49 pc in Godrej Estate
Tata Motors to cross over to Myanmar
Panel turns heat on Coke
PC sales jump 42 pc in Q3
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Quality life on Punjab’s agenda
Meeting on New Industrial Policy soon:
Minister "I have asked Badal to resolve the issue by notifying provisions under the New Industrial Policy and asked the Chief Secretary to hold a meeting in this regard," he said.
Chandigarh, March 22 It is in this regard that the CII joined hands with officials and the leadership to have a blueprint on the quality of life, social infrastructure, civic sense, green and clean environment along with the world-class health care and educational facilities, during a seminar held here today. Underlining the need for a “specific package” from the Centre based on the natural strength of a particular state, Manoranjan Kalia, Punjab Local Bodies Minister, said, “Every state should be tapped for its inherent strengths. If Himachal Pradesh has natural potential for tourism and hydroelectricity, the state should excel in the development of these sectors so that the ecological balance is not disturbed. Similarly, Punjab, having the natural potential for agro industry and being a land-locked state, should synergise all efforts to excel in agro industry, IT and knowledge-based industry and it has been the focus of the state’s industrial policy with a coordinated development in other areas”. Harpal Singh, chairman, CII Northern Region, articulated the need to develop a vision statement for the state with initiatives through a brainstorming discussion on Punjab. He said in order to take the state to the next level of development and reforms, the CII proposed to work in close coordination with the government. Amit Kapoor, honorary chairman, Institute for Competitiveness, and professor of Strategy & Industrial Economics, Management Development Institute, Gurgaon said, “Considering 2.8 per cent of the population of the country residing in 1.5 per cent of the area, we need to focus on the ways and means to address traffic issues and decongest the state. He also talked about the need to promote “Brand Punjab” to attract investment and harnessing the state potential in agro and processing sector. |
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Maruti in big league
This will be another feather in the company’s cap which rolled out first Maruti 800 from Maruti's Gurgaon plant on December 14, 1983. MSIL recently overtook its parent Suzuki Motor Corp in terms of sales. It enjoys a formidable over 54 per cent share of the domestic passenger car market with presence in over 450 towns and cities through a network of 681 sales outlets. In its first year of commercial operations (December- March 1983), Maruti had produced 840 cars and in the following fiscal year, production had touched a little over 22,000. Suzuki Motor Corp chairman Osamu Suzuki will be present to see the rollout of the one millionth vehicle - a red-coloured Swift. Company officials said so far MSIL had sold a total of over 85 lakh cars from about 15 models with over 100 variants. |
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Panacea gets fund for H1N1 vaccine
The DBT has approved the company's proposal and awarded financial assistance in the form of a long-term loan on a concessional rate of interest of 2 per cent per annum, it said in a statement. The company is indigenously developing pandyflu, its vaccine against the H1N1 virus (Swine flu).
— PTI Lupin insomnia tablets for US market
Lupin today said its US-based arm Lupin Pharmaceuticals had received a tentative approval from the US health regulator for eszopiclone tablets used in the treatment of sleep disorder. The company has received a tentative approval for the company's abbreviated new drug application for eszopiclone tablets from the US Food and Drug Administration, Lupin said. The product would be introduced in the market through Lupin Pharmaceuticals strong network of national wholesalers and pharmacy chains post patent expiry in 2012, it said.
— PTI Aurobindo gets nod for Canada
Aurobindo Pharma today said it had received approval from the Canadian health regulator for topiramate tablets used in the treatment of epilepsy and migraine. The company has received approval for its abbreviated new drug submission for topiramate tablets from Health Canada, Aurobindo said. This is Aurobindo's ninth product approval from the Health Canada, it said.
— PTI |
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Noose tightened around bogus firms
Ludhiana, March 22 The input tax credit (ITC) is the amount of tax paid by a dealer on purchases for which the dealer is entitled to claim a credit. With the notification issued on March 17, the traders, who used to show endless number of sale and purchase, will not be able to exceed four stages. The notification has been issued to keep a check on the mushrooming bogus firms in the state. The department had detected a large number of cases in Punjab where people were making sales and purchases on the name of bogus firms, just to claim ITC from the department. In November last year, the department came face to face with the fact that traders in the state, in order to claim ITC and refund, had presented bogus turnovers of around Rs 20,000 crore. Nearly 60 per cent of the firms showing bogus turnover were from Ludhiana. Parampal Singh, DETC, said it would help in keeping a tab over the escalating number of bogus firms in the state. Meanwhile, lawyers are worried as their workload will increase after this notification comes into practice. Jatinder Khurana, president of the Taxation Young Lawyers Association, said new columns had been added in the VAT return forms. |
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BlackBerry Storm2 out
New Delhi, March 22 “Powered with the latest SurePress technology and BlackBerry OS 5, the new BlackBerry Storm2 offers customers a powerful and unique mix of advanced communications and multimedia features in a smoothly designed smartphone that will appeal to both consumers and business professionals,” said Frenny Bawa, managing director, India, Research In Motion. The BlackBerry Storm2 smartphone introduces a new SurePress technology based on an electronic system that provides the user with tactile feedback when the touch-screen is pressed. The new system responds equally to gentle pressure applied anywhere on the surface of the screen and makes clicking the display practically effortless. Typing on the smartphone's virtual keyboards is easier, more comfortable and more accurate. The new SurePress technology also allows the user to type a letter with one thumb even while their other thumb may still be touching or resting on another letter, enabling faster typing and multi-key actions such as Shift or Alt-key combinations. |
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Rel Infra, Hyundai to build sealink
Mumbai, March 22 The Cabinet sub-committee on infrastructure, headed by Chief Minister Ashok Chavan, recently gave the go-ahead to the consortium led by Reliance Infrastructure Ltd. Reliance Infrastructure bagged the contract to construct the 4.7-km extension of the Bandra-Worli Sea Link (BWSL) after quoting the lowest viability gap funding of, the sum a developer seeks from the government to make a project viable, Rs 1,392 crore. As per the MSRDC model, the bidder for the Worli-Haji Ali link will have to pay Rs 1,634 crore upfront to the corporation to “buy out” the BWSL, the minister told reporters at the Vidhan Bhawan. The BWSL is partially operational and owned by the government. A Haji Ali-Nariman Point to Cuffe Parade sealink at an estimated cost of Rs 5,439 crore is also being considered, the minister said.
— PTI |
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HDFC to buy 49 pc in Godrej Estate
Mumbai, March 22 Further, Godrej
Properties had assigned the development rights of its project at Chandigarh to Godrej Estate. Shares of Godrej Properties were trading at Rs 499 on BSE, down 1.43 per cent from the previous close.
— PTI |
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Tata Motors to cross over to Myanmar
New Delhi, March 22 It will be funded by a Line of Credit from the Indian Government. The facilities planned at the plant include a highly flexible chassis and frame assembly line along with a cab manufacturing, painting and trimming set-up. The plant is expected to become operational by the last quarter of 2010-11, with a capacity of 1,000 vehicles per year. The capacity can be expanded to 5,000 units. |
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Panel turns heat on Coke
Thiruvananthapuram, March 22 The 14-member Committee of Experts, headed by Additional Chief Secretary K Jayakumar, in its report also recommended setting up of a tribunal to take the legal process forward, since it would not be possible for the affected people near the plant to individually fight the legal battle. Coca-Cola has rejected the report, holding that the very panel was set up based on the "unproven assumption" that it had caused damaged in the area. "It is unfortunate that the committee in Kerala was appointed on the unproven assumption that damage was caused and that it was caused by Hindustan Coca-Cola Beverages," it said in a
statement. — PTI |
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PC sales jump 42 pc in Q3
New Delhi, March 22 With the improving demand, the overall personal computer sales for the whole 2009-10 are expected to cross 73 lakh units, registering a 7 per cent annual growth, the Manufacturers' Association for Information Technology (MAIT) said in its quarterly report released today.
— PTI |
Airtel, Dish TV to launch HD services ONGC eyes Russian firms Religare Capital lays off 14 Sach toothpaste NSDL cuts fee Euro-IV fuel to be dearer
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Promising to address the delay in implementing the state's industrial policy, Punjab Industry Minister Manoranjan Kalia said he had requested Chief Minister Parkash Singh Badal to look into the issue, who may hold a meeting in this regard
soon.
“On our part, we will continue to focus on strengthening the road network, municipalities, urban and rural infrastructure, improvised healthcare and education services”, he added. Kalia also advocated for a public private partnership in the areas of health and education with a “humanistic concern”.
New Delhi, March 22
New Delhi, March 22
