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Business
& Economy
Reduce
T&D losses in the power sector, Kalam
What is India News
Service, August 25, 2004, 2200 hrs IST
President A P J Kalam said India can save more than Rs 76,000 crore worth of investment expenditure by reducing the
transmission and distribution
losses in the power sector. The T & D losses that stand at 40-50 per cent can be brought down to 15 per cent, the standard achieved by the developed countries.
With regard to minimising the cost of producing electricity through
thermal technology, he asked the Power Ministry to work in close
coordination with the Ministries of Coal and Railways to ensure
supply of quality coal and its timely delivery at the power plants.
PM
to chair committee on Infrastructure:
Prime Minister Manmohan Singh on Tuesday said a committee would be set up under his chairmanship to monitor the focus of all key infrastructure projects. The Planning Commission would function as an executive arm of the committee on infrastructure, identifying bottlenecks in policy implementation and guiding the relevant ministries to speed up projects.
India fastest growing IT services market in
Asia: The domestic Indian market represents a huge untapped potential market for IT Services of which only US $1.6 billion has been tapped, says Gartner.
Single
SIM card for GSM, CDMA networks: Axalto, a French smart card
maker, owned by the U.S. based oil field services multinational
company, Schlumberger, plans to launch SIM (Subscriber
Identification Module) cards in India for both GSM and CDMA-based
handsets.
Indian Tea Assn to increase tea exports to Pakistan:
The Indian Tea Association and Pakistan Tea Association have signed an MoU recently for taking the Indian exports of tea to Pakistan to 25 MKG by 2006-07.
Hard fiscal reforms needed, says Kelkar:
States have been asked to study within a month the viability of
integrating value-Added Tax (VAT) with the proposed goods and
services tax (GST).
Address
political issues, U.S. tells textile sector: The U.S.
Consul-General in Chennai, Richard Haynes, advised the Indian
textile industry to address political issues which could thwart
India's attempt to realise its full potential in the global market.
'Birla
estates are not HUF property': Rajendra Singh Lodha has
maintained in his reply to the Birlas' affidavit that the Birla
family property was segregated long ago and it is no longer a Hindu
Undivided Family (HUF) property.
Indian cars to whiz down Pak roads, if dealers have way:
Improving bilateral ties may soon see Indian cars whizzing down Pakistani roads if Islamabad accedes to a request from automobile dealers here.
Deficit fears remain despite outlook boost: A boost to India's sovereign ratings outlook is a vote of confidence for the economy, but does little to deflect a bigger investment concern - the government's fiscal deficit.
Will
SFIO crawl like other Govt bodies?: Set up with much fanfare
last year, the Serious Fraud Investigation Office (SFIO) seems to be
going the way of every other government organisation dealing with
corruption.
Airtel slashes pre-paid tariff by 60 pc:
Airtel today slashed pre-paid tariffs on Airtel-to-Airtel calls by more than half to Re 1 per minute. It also reduced the rate for STD calls on its own network to Rs 2 per minute, a reduction of more than 30 per cent.
Hero Honda to ride scooter with Rs 572 cr
: Having dethroned Bajaj Auto from its pole position in bike market, Hero Honda Motors Ltd has now set its sights on scooter market, which is witnessing a recovery.
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TCS
may open at Rs 1000-1050: Belying the current topsy turvy trend
that the old economy stocks are displaying Tata Consultancy Services
(TCS), which gets listed tommorow, is expected to display a bullish
trend.
BankMuscat invests in Centurion\92s rights issue:
Oman\92s largest bank BankMuscat today picked up 75 million shares worth Rs 30 crore in Centurion Bank\92s rights issue on the first day itself.
Hatchback sees a new premium segment: The desi hatchback car market is all set to drive up the price and social ladder with Ford and Hyundai preparing to introduce their international favourites \97 Getz and Fusion \97 in India.
Gestetner,
Ricoh to merge: Gestetner India Limited and Ricoh India Limited
will be merged into a single entity.
Sensex
recovers 34 points: Buoyed by declining oil prices and the
S&P's upgradation of currency outlook on corporates and banks,
investors made selective purchases, aiding the Sensex to recover 34
points at close in an extremely narrow movement on the Bombay Stock
Exchange.
Overall:
Reduce power losses, Kalam: President A P J Kalam said India can save more than Rs 76,000 crore worth of investment expenditure by reducing the transmission and distribution losses in the power sector.
PM to chair committee on
Infrastructure: Prime Minister Manmohan Singh said a committee would be set up under his chairmanship to monitor the focus of all key infrastructure projects.
India fastest growing IT services market in
Asia: The domestic Indian market represents a huge untapped potential market for IT Services of which only US $1.6 billion has been tapped, says Gartner.
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