Only 20 days are left in the end of 2012-13 financial year, but the state which is under President's rule since January 18 could not even spend over 25 per cent of its annual budget of Rs 37,113 crore.

Jharkhand lags behind in spending budget funds

Business Standard

With business of the company growing as per expectations in the North Eastern states in the recent years, direct selling FMCG (fast moving consumer goods) company Amway is now betting big on the region.

Amway eyes 'double digit' growth in North East

DLF, Rajiv Gandhi Charitable Trust feature prominently

CAG pulls up Haryana govt on land deals

The tactics of hackers, cyber- criminals and state-sponsored spies are evolving so quickly that attackers often can re-enter a company's networks after being detected and banned, according to a US computer security firm.

Cyber attackers shift tactics faster than companies can respond

Bloomberg

A report on their anti-competitive practices, if endorsed by the Competition Commission of India, could hit revenues in the short run but turn to their advantage in the futureThere is some good news for vehicle owners. The repair and maintenance costs on their cars could come down soon if a report on monopolistic behaviour of automobile makers is accepted by the country's anti-trust watchdog, the Competition Commission of India (CCI).A report by director general (Investigation) has found 17 automobile manufacturers guilty of indulging in anti-competitive practices by restricting supply of spares in the open market.If endorsed by CCI, hefty penalties are likely to be imposed on all major car makers. A person in the know indicates that foreign car makers are more susceptible to being held accountable on the charges than the homegrown companies."Homegrown companies such as Tata Motors and Mahindra & Mahindra sell spares in the open market except for a few models. Hyundai, too, has sta

Automobile makers' anti-trust troubles

The first orders from new production line have been delivered and over 200 Megawatts (Mw) of orders are booked

ABB sets up solar inverter plant

BS Reporter

Tamil Nadu and Puducherry together accounted for $9.14 billionKarnataka has emerged the third largest investment destination for foreign direct investment (FDI) in the country during the last decade. The state has received a cumulative investment of $10.14 billion between 2000 and August 2012, ahead of Gujarat and Tamil Nadu, which have seen much higher industrial investment projects during this period.According to the Economic Survey of Karnataka for 2012-13, the total FDI inflows to the state in the last decade accounted for 6 per cent of the total FDI inflows to India. The ranking is based on the data provided by the Reserve Bank of India (RBI).However, the state is listed behind the National Capital Region (comprising Delhi, Part of UP and Haryana), which stood at the second position with an inflow of $34.41 billion and the Mumbai region (comprising Maharashtra, Dadra & Nagar Haveli, Daman and Diu), which received an FDI inflow of $57.25 billion during the last decade. Mumbai a

Karnataka ranks third in FDI inflows with $10.14 bn

The Budget session of the state Legislative Assembly starting Wednesday is expected to be stormy with the Telangana Rashtra Samithi (TRS) deciding to move a no-confidence motion against the Kiran Kumar Reddy government and other Opposition parties gearing up for a showdown on key issues.Severe power crisis leading to prolonged power cuts, rise in tariff rates, industrial slowdown, depletion of groundwater levels, drinking water shortage and other issues are likely to figure in the session, which begins with the address of the Governor to the joint session of Assembly and Council.TRS' no-trust motion is stated to be in protest against the Congress government "failure" on various fronts, particularly in carving out a separate statehood for the Telangana region.  The party is also of the opinion that such a move will expose the stand taken by various political parties on the Telangana issue.On the other hand, chief minister N Kiran Kumar Reddy has instructed the officials to provide him w

AP Budget session likely to be stormy

The move likely to boost infrastructure and realty sectors in the state

Uttarakhand relaxes tough land laws

Stepping up pressure on the Cauvery water issue, the Tamil Nadu government on Tuesday said it was "absolutely" essential on the part of the Centre to put in place a monitoring mechanism to ensure that the state gets its rightful share of water during the year.

Set up monitoring mechanism on Cauvery: Jaya to PM

Press Trust of India

The Nabard paper says there is a credit potential of Rs 3,400 cr for FY14 for farm mechanisation

Nabard bets on mechanisation for farm credit growth

Madhya Pradesh Revenue Minister Karan Singh Verma has said the amount of money the state government pays as compensation in cases of natural calamities has been raised to the tune of ten times - in some cases - to that of the 2002 level.The state has also also been encouraging farmers to take up sericulture. For crop losses, the non-divine silk farmers will be compensated at Rs 4,000 a hectare while that for divine silk farmers would stand at Rs 5,000 a hectare, said Verma.Small and marginal farmers, accordingly, would receive Rs 3,500 a hectare in case of 25-50 per cent losses for rain-fed farms, Rs 6,000 a hectare against irrigated crop loss, an equal amount for crop loss within six months of tilling or farming.Rs 10,000 if the crop stands for more than six months in the fields.The horticulture crop loss will also be compensated at Rs 10,000 a hectare, the minister said, adding this amount was Rs 1,000 a hectare in 2002.

MP raises compensation for calamities

The venture, set up in July 2012, has so far has done DNA profiling of 100 individuals under its Lifelong Wellness programme

Xcode Life bets big on preventive healthcare

The Comptroller & Auditor General of India (CAG) has pulled up the Odisha Power Generation Corporation Ltd (OPGC), a joint venture company of the Odisha government and the US based AES, for abnormal delay in procurement and blending of imported coal.The CAG, in its latest report on state PSUs for the year ended March 31 2012, said, the delay led to non-generation of additional power of 1,099 million units (MU) valued at Rs 251.82 crore.OPGC operates a 2X210 Mw power plant at Ib Valley in Jharsuguda and procures coal from Mahanadi Coalfields Ltd (MCL) for generation of power, which is sold to the state-owned power trader, Gridco.In view of low calorific value of MCL coal resulting in recurring generation loss and to avert a crisis due to dropping availability of hydro power, Gridco had requested OPGC in August 2008 to procure imported coal for blending with the MCL coal and agreed to bear its impact on tariff.Accordingly, the OPGC board of directors decided in August 2008 to import

CAG pulls up OPGC for lapses in coal blending

Chief Secretary Bijay Kumar Patnaik has pitched for shifting of polluting industries out of Bhubaneswar to prepare it embrace the tag of a metro city."Bhubaneswar will be the next metro with provision of civic amenities to accommodate 50 lakh people. We have to visualise a megacity taking into account Bhubaneswar and Cuttack. Industries which are pollution free like software, hard ware units should be encouraged," said Patnaik at the concluding day of observation of Entrepreneurs Week, 2013."Do not clutter the future of this metro city with polluting units," he exhorted.Patnaik who was addressing an open house discussion on MSME, said, "We can incentivise people ready to shift polluting units out of the city."He informed that a circular will be issued within a week to all the departments for implementing the provisions of the Industrial Policy Resolution -2007 and MSME Development Policy 2009.The industry bodies have complained that various government departments are not implementing t

Shift polluting units out of city, Chief Secy tells industry

Move to help state-run miner to boost chromite output by 50%

OMC seeks govt nod to use adjacent chrome mine area to dump waste

Funding sought for accelerating infrastructure development, besides power, tourism

Akhilesh seeks $3.5 bn aid from World Bank

The panel, probing into illegal mining activities, has issued strict guidelines for physical verification of the areas

Shah panel sets terms for mine lease demarcation

The airline will fly on Sharjah-Lucknow route four days a week and a one-way fare will cost Rs 8,999

SpiceJet launches Sharjah-Lucknow direct flights

Rs 27,439 crore investment grounded in power sector

Steel makers invest Rs 91,656 cr in Odisha

Chhattisgarh was the second state after Gujarat to draw maximum investment proposal in 2012.

Chhattisgarh draws maximum investment proposals after Gujarat

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