Food
sector to touch $310 billion by 2015: CII
New Delhi: Against the backdrop of the recently enacted
Food Safety and Standards Act international food experts
are converging in the Capital city next week for a two-day
conference to discuss the opportunities in India.
According
to the Confederation of Indian Industry the Indian food
sector is estimated to be worth over $200 billion at present
and is expected to grow to $310 billion by 2015.
The
meeting is expected to be held on April 10-11 and would
be attended by United Nations Food and Agriculture Organisation's
chief of food quality and standards service, vice-chairpersons
of Codex Alimentarius Commission and representatives of
regulatory authorities from the US, the UK, Ireland, Brazil,
New Zealand, Singapore and other countries, a release
from CII said.
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India
can achieve 10 per cent growth: Ahluwalia
Hyderabad: India's target of 10 per cent economic
expansion is possible, as the country has a recipe for
sustained growth, Planning Commission deputy chairman
Montek Singh Ahluwalia said while delivering the convocation
address at the Graduation Ceremony of the Indian School
of Business.
He
added that however, this would not be possible if agriculture
was not put on a higher growth path. The economy is expected
to grow at nine per cent over the next five years and
we hope it will touch 10 per cent at the end of the five-year
period. It requires a lot of hard work to achieve this
but it is possible," Ahluwalia said.
The
agriculture sector, which had witnessed 3.6 per cent growth
rate between 1980 and 1996, had since started decelerating
and fell to less than two per cent.
With
the pace of globalisation set to grow over the next 20
years, making the markets more open to foreign goods,
Indian industry would have a far wider footprint across
the globe.
He
said that by 2035, India's GDP will become the third largest
in the world after United States and China.
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Government
asks IIMs, IITs to put admissions on hold
New Delhi: Following the Supreme Court stay on the
implementation of OBC quota the HRD Ministry has asked
all the IIMs, IITs and centrally funded institutions to
put on hold the admission process.
The
Ministry has told the Central educational institutions
including top medical, engineering and management schools
like IIMs not to issue offer of admission, Ministry sources
said.
They
said that the managements of these institutions have been
told to keep the entire admission process on hold "till
they hear from the ministry".
The
directive from the Ministry comes a day after a meeting
of leaders of UPA and Left parties which resolved that
a the government would take all "appropriate"
steps to ensure that the reservation for OBCs to the extent
of 27 per cent becomes operational from this academic
session.
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