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Govt bans PWG and MCC
New Delhi: The Centre has banned and declared as 'terrorist organisations' People's War Group (PWG) and Maoist Communist Centre (MCC) with immediate effect in the wake of stepped up violence in Andhra Pradesh, Bihar and some other states.

"The Communist Party of India (Maxist-Lennist)--People's War and all its formations and front organisations and Maoist Communist Centre and all its formations and front organisation have been declared as terrorist organisations under the provisions of clause (a) sub-section (2) of Section 18 of Prevention of Terrorism Ordinance, 2001 with immediate effect," an official press note said.

With today's action, the number of outfits banned and declared as terrorist groups has gone up to 25. The Ordinance, promulgated on October 24, had procribed 23 outfits including Lashkar-e-Taiba, Jaish-e-Mohammad, Harkat-ul-Mujahideen, Hizbul Mujahideen, ULFA and SIMI.
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All India Bank strike on Jan 4
Kolkata: The All India Bank Employees' Association (AIBEA) has announced that all the employees in the banking industry throughout the country will observe a day's strike on January 4, 2002 against 'inhuman' and 'barbaric' attitude of Standard Chartered Bank management against its employees in Kolkata.

The decision to go in for an All India strike was taken in an extented office-bearers' meeting, AIBEA General Secretary Tarakeswar Chakraborti said.
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India to build $969 mn fertiliser plant in Oman
New Delhi: India and Oman on Wednesday signed an initial agreement to build a $969 million fertiliser plant in the Gulf state.

State-run Oman Oil Company would hold a 50 per cent stake in the project while India's Krishak Bharti Cooperative Ltd (Kribcho) and Indian Farmers Fertilizers Cooperative (IFFCO) would hold the remaining 25 per cent each, an official statement said here.

The project would produce 1.65 million tonnes of granulated urea and 0.25 million tonnes of surplus ammonia per year. The fertiliser plant would be built by Snamprogetti of Italy and Technip of France.
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domain - B : Indian business : News Review : 06 Dec 2001 : general