Having received nearly 50 applications, the government-owned State Infrastructure and Industrial Development Corp-oration of Uttarakhand Limited (Sidcul) is likely to adopt an open-ended scheme for the sale of industrial plots at its prestigious Sigaddi growth centre in Pauri district.

Sigaddi may see open-ended scheme

Business Standard

When delegates of the World Punjabi Organisation held their deliberations in Dubai in 2008 and were feted and hosted by Gurdeep Singh Chadha aka Ponty, at his palatial home&mdash;a party that was attended by everyone, who was anyone in the UAE&mdash;they couldn&rsquo;t have known their host might land into trouble with the Indian Income Tax department, four years later.

Newsmaker: Gurdeep Singh Chadha

This time, over 1.19 lakh people &mdash; mainly comprising the armed and paramilitary forces as well as polling personnel &mdash; are casting their votes through ballot papers. The process will continue till 8 am of March 6, when the counting of votes takes place, said Saujanya, a top official with the state election commission. Since the time period between the polling and the counting is very long, the commission is expecting the voting percentage of the postal ballots to go above 80 to 90 per cent.

Postal ballots may tilt balance in some Uttarakhand seats

Opposed by non-hill states and described as a &ldquo;distorted policy&rdquo; by union finance minister Pranab Mukherjee, the special area-based tax incentives to Uttarakhand and Himachal Pradesh may well be completely on their way out.

Centre to mull separate Himalayan policy on tax

The Punjab National Bank (PNB), India&rsquo;s second largest bank, has done a business of Rs 14500 crore till December, 2011, registering a growth year-on-year growth of 24 per cent in Uttarakhand.

PNB shows 24% growth in Uttarakhand

Uttarakhand has decided to move the Supreme Court for the transfer of its share in the multi-purpose 2,400-Mw Tehri hydel project which is being held by Uttar Pradesh.

Uttarakhand to move SC on Tehri dam

The Uttarakhand police on Sunday indicated that there would not be immediate action against Mirc Electronics Ltd that reported a major fire in its Roorkee factory in Haridwar district. The tragedy had killed 11 people.

Govt action against Mirc only after expert tips

The government has censured the Uttarakhand Power Corporation Limited (UPCL) for its poor planning, irregularities in contracts, un-metered billing amid the state-owned entity facing rising liabilities of Rs 3135.38 crore and heavy losses taht reached Rs 1960.11 crore in the last financial year.

'Inefficient' UPCL draws state govt flak

After having snapped ties with IDEB, the Uttarakhand government is negotiating with the Bangalore-based private developer for an out-of-court settlement over its claim on the Doon cyber Tower (DCT) at the IT park of the state Infrastructure and industrial development corporation of Uttarakhand Limited (Sidcul).

Uttarakhand seeks out-of-court settlement with IDEB

With China spreading its tentacles in Tibet fearing unrest, the Indian army is moving swiftly to increase its presence in the border state of Uttarakhand and construct 13 new helipads.

Army to step up vigil in Uttarakhand

The centre has given more reasons for the industry in Himachal Pradesh and Uttarakhand to smile, by stating that a change of ownership of an industrial unit would not imperil the benefits of the area-based tax exemptions.

Change of owner won't upset tax benefits

The Reserve Bank of India (RBI) has come out with a new strategy to boost export credit and promote exports by reactivating a sub-committee of the state level bankers committee (SLBC) and appointing new nodal officers in banks for the facilitation. &quot;We have advised all the banks to appoint nodal officers who can facilitate exports and related financial matters,&quot; said Anup Kumar, deputy general manager (Foreign Exchange Department).

RBI activates SLBC for boosting exports

An assurance given by union power minister Sushil Kumar Shinde for setting up 400-500 small hydel projects with a capacity of 4,000 Mw in Uttarakhand has come as a surprise for many in view of environmental and religious concerns.

Shinde's assurance for small hydel projects 'surprising'

Uttarakhand has invited bids to put its community health centres (CHCs), mostly in remote hilly areas, on the PPP (public-private participation) mode &mdash;the country&rsquo;s first state to make such a move.

Now, health centres to go on public-private mode

Small and medium enterprises (SMEs) in Uttarakhand are expected to get a big push following the recent transfer of ownership of 18 industrial estates spanning 2,000 acres of industrial land to it by the Uttar Pradesh government.

New industrial estates to boost SME growth in Uttarakhand

The Congress stake claim to form a new government in Uttarakhand after it emerged as the single largest party today in an otherwise fractured mandate in the Assembly polls, the results for which were declared.

Cong stakes claim to form new govt 

&ldquo;Once we elect our new leader, the swearing-in ceremony will be held,&rdquo; declared Congress general secretary Chaudhary Birendra Singh, who is in charge of the party&rsquo;s affairs in the hill state.

'Find CM' troubles Uttarakhand Cong

Clear weather, coupled with increased participation of the youth, helped Uttarakhand resgister a record 70 per cent turnout in Uttarakhand for the third elections on Monday in the hill state which has a 63 lakh-plus electorate and 70 assembly seats.

70% polling in Uttarakhand

A bright and pleasant poll-eve day lent a vital ray of hope about a decent turnout of voters at tomorrow&rsquo;s assembly polls in Uttarakhand. It is another matter, though, that clouds of suspense continue to hang over the hill state&rsquo;s major political parties about the result of the elections.

Uttarakhand may see decent voter turnout

ONGC said on Thursday market conditions were looking up for its proposed five per cent disinvestment and it was ready for the follow-on public offer (FPO) as and when it came.

Market improving for disinvestment: ONGC

Prime Minister&rsquo;s Economic Advisory Council Chairman C Rangarajan on Tuesday called RBI&rsquo;s policy action a &ldquo;wise decision&rdquo;. The liquidity easing measures will have an impact on interest rates, he said. &ldquo;The improvement in liquidity conditions will automatically have an effect on interest rates. Improvement in liquidity conditions will lead to softening of interest rates.

Shishir Prashant