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10th
Plan for amending Coal Bearing Areas Act to encourage
pvt sector
New Delhi: In a bid to facilitate private sector
participation in commercial coal mining, the Tenth Plan
has recommended amendment to the Coal Bearing Areas Act
to allow private sector the rights for exploration and
mining without taking permission from state governments.
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Negotiations
in TRIPs council on health issues hit a roadblock
New Delhi: Negotiations in the Trade Related Intellectual
Property Rights council on public health issues have hit
a roadblock with Washington bent on restricting the scope
of the coverage of diseases and denying the use of compulsory
licence by countries such as South Korea, Taiwan, Singapore
and Hong Kong.
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Vikhe-Patil
welcomes compromise over sell-off
New Delhi: The Union minister of heavy industries
and public enterprises Balasaheb Vikhe-Patil, who had
called for a review of the Centre’s disinvestment
policy, welcomed on Friday the compromise formula over
HPCL and BPCL disinvestment, but cautioned that it should
not lead to a monopoly situation.
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No
need to lower edible oil tariff, says Ajit Singh
New Delhi: Union agriculture minister Ajit Singh
said that there was no need to lower tariff on edible
oils at this stage. He said that edible oil imports would
rise this year due to drought and such imports could be
made against the existing duty structure in the interests
of consumers.
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Investment
of $28 billion needed to hike food output by 10%
New Delhi: An investment of $28 billion was needed
to increase food production in India by 8-10 per cent,
said ANP Sinha, joint secretary in the Union food processing
ministry.
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Survey
predicts close finish in Gujarat polls
Ahmedabad: A survey on the outcome of the politically
crucial Gujarat Assembly elections has predicted a neck-and-neck
race for BJP and Congress, forecasting that the two parties
were likely to get between 85 to 95 seats in the 182-member
house.
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PFC
public issue proposal hits ministerial roadblock
New Delhi: The Power Finance Corporation’s
proposal to return 60 per cent of its Rs 1,000 crore equity
to the government on par, followed by a public issue as
part of financial restructuring, appears to have hit a
road-block with the power ministry having some reservations.
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Price
stabilisation fund of Rs 500 crore to have foreign aid
component
New Delhi: Assistance from the International Development
Association, World Bank’s soft loan window, or other
multilateral funding agencies, is envisaged in the operation
of the Rs 500-crore Modified Price Stabilisation Fund
scheme for four plantation commodities mooted by the Saptharishi
committee, according to more details made available by
the commerce ministry.
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Sugar
mills body contests Assocham’s criticism
New Delhi: The Indian Sugar Mills Association has
stated that Assocham’s criticism of the recent government
decision to create buffer stocks in sugar is baseless
and faulty in assumptions.
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