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Business & Economy
Keep Left sensibilities in mind,
PM tells economic advisors
What is India News Service, Tuesday, September 14, 2004, 1300 hrs IST
The Prime Minister is reported to have cautioned his economic advisors that they will have to be necessarily mindful of the Left parties' sensibilities.
This word of advice has come in the wake of the Left's opposition to the Planning Commission's move to seek the advice of World Bank consultants.
Singh is not exactly happy with the manner in which the Planning Commission Deputy Chairperson, Montek Singh Ahluwalia, handled the controversy.
Singh has told his advisers that "2004 is not 1991." All decision-makers will need to get adjusted to the demands of a coalition government, which is critically dependent upon the support of the Left parties.
Montek ticks off Bengal delegation: He might be under fire from the Left parties but that did not prevent the Planning Commission Vice-Chairman Montek Singh Ahluwalia from ticking off an all-party delegation from West Bengal today for not following the rule-book.
Suzuki enters 2-wheeler market: Suzuki Motor Corporation is all set to start its two-wheeler manufacturing activity in India. The Japanese company, which owns majority stake, 54.2 per cent, in Maruti Udyog Ltd, also plans to invest Rs 1,050 crore to set up two plants \96 one to make diesel engines and another to produce cars.
Air Sahara joins fare war: After the Jet\92s Check it is now Air Sahara\92s Steal. The private sector domestic airliner today became the latest one to join the price war to attract passengers.
Pakistan links gas pipeline to Kashmir: Pakistan has linked the proposed Iran-India gas pipeline with progress on the Kashmir issue through "meaningful talks".
BJP says India's global image is on downward path: With inflation touching a four-year high, the BJP on Monday seized the issue to corner the UPA, alleging the government's "short-sightedness and confusing policies has led to an economic disorder and price rise".
Eight Indian companies in Forbes A-list: Eight Indian firms figure in this year's Forbes A-List featuring 400 of "the world's best big companies".
Scissors on smoking scenes likely: Audiences who joyfully applauded when Tamil actor Rajnikanth flipped his cigarette in the air before lighting it up may not have the pleasure of viewing such scenes any more.
New Bank Merger Policy: The government has effected a subtle shift in its policy stance for bank mergers. Consolidation in the sector would now be achieved by merging strong banks instead of \93bailing out\94 a small or weak bank by a big public sector bank.
No tobacco sale near schools: Following a ban on the sale of tobacco products to minors and smoking in public places, the Health Ministry has recently notified prohibition on sale of cigarettes and tobacco products around educational institutions.
Tata in talks with Rover to save deal: Poor product quality and modest marketing support are being blamed for differences between the auto companies.
'Improve quality of IT manpower': Nasscom president Kiran Karnik stressed the need for closer interaction between academia and IT firms.
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Indirect tax collections up 9.5 pc in April-Aug: The Centre's indirect tax collections have increased by 9.5 per cent during the first five months of the current fiscal at Rs 59,452 crore compared with Rs 54,292 crore achieved in the same period last year. While customs collections during.
Overall:
PM told planners not to step on Left foot: He cautioned them that he was leading a coalition government where Left sensibilities had to be respected.
Suzuki went on expansion drive: The car company is scaling up in a big way, and planning to get into the two-wheeler sector.
Tata is talking to Rover: Its car supply deal has hit a roadblock.
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