Business & Economy

Job reservations won't be
imposed on private sector 

What is India News Service, Thursday, 4 November 2004, 2000 hrs IST


The Centre on Wednesday allowed a peep into its possible policy on job quota in private sector for the Scheduled Castes and Tribes. At the first meeting of the Group of Ministers (GoM), mandated with holding parleys with the industry and headed by Agriculture Minister Sharad Pawar, Prime Minister Manmohan Singh clarified that quotas would not be imposed on business houses.

The GoM met to decide on the modalities of the dialogue to be held with the industry. The GoM comprises, among others, heavyweight ministers like Railway Minister Lalu Prasad Yadav, Chemical and Fertiliser Minister Ram Vilas Paswan, Finance Minister P Chidambaram and Social Justice and Empowerment Minister Meira Kumar. But Yadav and Paswan were conspicuous by their absence. The two were inducted in the GoM with an eye on the Bihar Assembly polls.

Market shoots 88 pts on US election results: Euphoric over early projection of a comfortable win for George W Bush in the US presidential elections, the market on Wednesday soared by 88 points to close at 5842.54, highest after April 23, 2004.

Goa Cong threatens legal action against IFFI multiplex contract: The Congress Party says it wants bids to be called for running the new multiplex that is being constructed specially for the International Film Festival of India (IFFI) in Goa.Punjab.

Patents' Bill may add to trouble between Govt, Left: The proposed Patents' Bill could become another source of confrontation between the Government and the Left parties and their affiliated trade unions.

Indian Airlines package for executive class: It has launched a scheme to enhance executive class travel by business travellers and corporate executives and experience its new upgrades.

SC ruling on cheque bouncing: The Supreme Court has ruled that a person, who is an accused in a case of cheque bouncing, could not take the defence of non-service of notice by the affected party after it is mailed to him to his correct address.

Centre floats board for revamp of PSUs: Besides advising the government on ways to strengthen the PSUs, the board would also examine various proposals for revival and restructuring of the units.

Nigerian President offers oil: Nigerian President Olusegun Obasanjo was in Delhi for barely 15 hours but the substantive discussions he held today with Prime Minister Manmohan Singh yielded assurances from both sides, bringing New Delhi closer to this major oil producing country.

Tata Indicom in Singapore: Videsh Sanchar Nigam Limited (VSNL), announced on Wednesday the official launch of the Tata Indicom Cable (TIC) in Singapore. 

World Bank clears loan to Orissa: The World Bank has extended a $125 million loan to Orissa forovercoming fiscal stress.

New rabies vaccine launched: A Pune-based institute today launched an indigenously produced vaccine against rabies. It was "more effective" than the available ones, the institute claimed.

Business papers 


Business Standard
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Business Line
Financial Express