PSLV C-3 launched
Sriharikota: The Polar Satellite Launch Vehicle C-3 lifted off successfully on Tuesday from the SHAR centre at Sriharikota. PSLV-C3 Mission PSLV-C3 is the sixth flight of ISRO's Polar Satellite Launch Vehicle. The vehicle successfully placed India's TES Technology Experiment Satellite and Germany's BIRD into a Polar Sun-Synchronous orbit.

The first flight of the very advanced PSLV in 1993 was a failure. The next three flights of the PSLV in October 1996, September 1997 and May1999 were resounding successes, paving the way for the maiden flight of the GSLV in 2001.
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Infrastructure records 5 p.c. growth
New Delhi: Six infrastructure sector industries recorded a healthy 5 per cent growth in September, a sharp contrast from dismal 0.8 per cent growth in August 2001.

September growth was primarily propelled by a 17.8 per cent growth in cement sector while coal clocked a handsome 9.6 per cent growth. The six industries had posted 6.5 per cent growth in September 2000.

During the first six months of current fiscal, six key infrastructure industries -- crude petroleum, petroleum refining, coal, electricity, cement and finished steel -- showed a 1.8 per cent growth as opposed to seven per cent growth in the same period the previous year. Except for petroleum refining, which showed a negative 2 per cent growth in September 2001 as against a healthy 25.2 per cent growth in same month last year, all industries posted positive growth.
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PC market to shrink 10 p.c in 2001-02
New Delhi: Personal computer market would see a negative growth of 10 per cent during 2001-02, IT consultancy firm Skoch Consultancy said.

"There has been a negative growth in the PC market since the first quarter of 2001 itself. For 2001-02, we are looking at a minimum of 10 per cent negative growth over last year," Skoch said in its mid-term review.

It said during the first six months ending September, the duty-free market had witnessed a negative growth of 3 per cent, while the consumer market growth rate was pegged at 5 per cent.

In other segments such as small- and -medium enterprises the growth during April to September has been 5 per cent, it said.

While the government segment -- which includes banking and finance -- witnessed a growth rate of 25 per cent, the corporate segment growth rate has been a mere 4 per cent, Skoch said.
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80 p.c. oil pool deficit to be liquidated
New Delhi: Government has said it would liquidate up to 80 per cent of the oil pool deficit by issuing tradeable bonds to oil companies as part of petroleum sector deregulation by April 1, 2002.

Eighty per cent of the oil pool deficit, which presently stands at Rs 13,000 crore, would be liquidated through issue of 7-year bonds. These bonds could be tradeable in market, petroleum minister Ram Naik said. Interest rate and other details of the bonds issue, which would carry Government of India's sovereign guarantee are being worked out.
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