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Business Standard

  • Not too poor to watch BBC

    A V Rajwade / New Delhi February 18, 2008 Advertising for the NREGA on the BBC shows just how mindlessly the programme is being implemented.

  • Jute policy high on intent, low on implementation

    The magnitude of the national jute policy introduced three years ago is beyond debate as it has recommended steps to strengthen the farm sector, modernise mills and give a new direction to domestic and global marketing. But unfortunately, as have been the case with earlier government-sponsored packages for the jute industry, the new policy has so far remained only a declaration of good intent.

  • Crop loss at Rs 1.5 lakh cr each yr

    Pests, weeds, diseases take a toll on produce, says agriculture minister. The country is losing agricultural production worth Rs 1.48 lakh crore annually due to damage from pests, weeds and plant diseases, according to the Crop Care Foundation of India (CCFI). This reckoning is based on Agriculture Minister Sharad Pawar's statement in the Rajya Shabha indicating that around 10-30 per cent of the farm produce was lost every year due to pests, weeds and diseases.

  • Coal India plans to invest Rs 18,000 cr in 118 projects

    Coal India (CIL) has ambitious plans of investing Rs 18,000 crore in 118 projects during 2008-09. This would enable the company to augment its production by comprehensive margins. CIL projects a production of around 520 million tonne during the 11th Plan. Its current production is about 363 million tonnes which is expected to go up by over 384 million tonnes in 2008-09.

  • Draft climate change report this month

    The first contours of what would lead to India's national policy on climate change are likely to be out soon as the much-awaited draft report by the prime minister's council is being finalised by the month-end. According to former environment secretary Pradipto Ghosh, who heads the sub-committee finalising the draft report for the prime minister's high-level council on climate change, "we are busy incorporating important suggestions offered by the members in the last meeting'.

  • REC eyes stake in private distributors

    Rural Electrification Corporation (REC) has evinced interest in picking up state private sector power distribution companies' stake. At a press conference in Kolkata, H D Khunteta, director (finance), REC, said the company had started financing private sector power utilities and was open to acquiring stake in them. "If the right opportunity comes, REC will pick up equity stake in private companies,' he said.

  • Transplant the law (editorial)

    The investigations into the activities of, and the prosecution of, the kidney doctor Amit Kumar promise to be interesting since there are so many loopholes in the law and unknown aspects of the case itself. India's law on transplants, the Transplantation of the Human Organs Act (TOHO), is of relatively recent vintage (1994), but is so loosely worded that it can allow living donations by

  • Jute-makers blame govt for slump

    Say imported materials invading protected domains even as they fail to enter new markets. The domestic jute industry has been unable to shake off its lean patch with slide in all aspects of trade. The industry has struggled in production and despatch, and in exports as well. FLAGGING FORTUNES # Production in the last five years has fallen 23 per cent to 1.3 million tonnes in April -December 2006 from 1.7 million tonnes in 2001 # Jute products have a market of Rs 6,000 crore in the country

  • GAIL may float arm to set up CNG outlets

    GAIL India, the country's largest transporter and marketer of natural gas, is looking at the possibility of floating a subsidiary to set up compressed natural gas (CNG) outlets along the highways where it has its pipelines. The company is targeting to become a Rs 50,000 crore company by 2011. The company plans to set up these outlets under its CNG corridor plan and has already identified in the areas Delhi-Agra-Lucknow highway and on the Mumbai-Pune highway.

  • Canada asks Ranbaxy to withdraw painkiller

    The Canadian health and drug regulator Health Canada has asked Ranbaxy Pharmaceuticals Canada (RPCI), a wholly owned subsidiary of Ranbaxy Laboratories Limited (RLL) to withdraw its generic, 25 microgram per hour strength, fentanyl pain-relief patches from the Canadian market due to safety concerns. Ranbaxy controls more than 50 per cent of the generic fentanyl market in Canada and this is among the four major revenue earners for Ranbaxy in that country.

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