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Nepal declares emergency
Kathmandu: Nepal's king on 26 November declared a state of emergency, suspending civil liberties and allowing the use of the military against Maoists rebels who killed at least 76 soldiers over the weekend.

King Gyanendra, who ascended the throne in June after most other royal family members were killed in a palace massacre, suspended civil liberties under the state of emergency.

King Gyanendra accepted a Cabinet recommendation that will allow the government to use the army for the first time to hunt down Maoist rebels fighting since 1996 to abolish the monarchy and establish a socialist state.
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Power Grid gets $450m WB loan
New Delhi: Public sector Power Grid has finalised a $450-million World Bank loan for projects linking eastern India which has a surplus of power with other regions and its foray into telecommunications.

Last year, Power Grid had said it planned to become a national long-distance telephony operator by forming a joint venture with telecom firms of international repute.
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Bhel commissions power project in Bangladesh
New Delhi: Bharat Heavy Electricals has commissioned a 124 MW gas turbine power plant on a turnkey basis at Baghabari, about 150-km from Dhaka in Bangladesh.

The gas turbine and generator were supplied by Bhel's Hyderabad plant, while the control system and transformer were supplied by its electronics division, Bangalore and Jhansi unit, respectively.

The installation and civil works were undertaken by the company's power sector-eastern region.
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domain - B : Indian business : News Review : 27 Nov 2001 : general