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Journalism of Courage
MTNL cellular case hearing
NEW DELHI: The Delhi high court on Wednesday posted the Cellular Operators Association of India petition and private operators appeals opposing MTNL8217;s entry into mobile telephone service in Delhi and Mumbai for March 3, 4 and 5. A division bench headed by Justice Arun Kumar also directed all respondents as well as petitioners to file synopsis before next date of hearing to save the court8217;s time. As many as 16 petitions and appeals came up for hearing before the court. But because of time constraint all cases were adjourned for March first week.
Cement output registers 9 rise
MUMBAI: The cement sector has recorded a 9 per cent rise in production and a 7 per cent growth in despatches last month, spurring optimism that the rate of growth for the current financial year may exceed the 6 per cent level. Cement output in January increased to 7.57 million tonnes from 6.94 million tonnes in the corresponding month last year. Despatches were also higher at 7.58 milliontonnes up from 7.06 million tonnes in January last year.
Nilekani new MD and CEO of Infosys
BANGALORE: Nandan M Nilekani is the new managing director/president and chief operating officer of Infosys Technologies Limited. The board of directors, at its meeting here today, decided to advance the promotion of Nilekani deputy managing director to the post of managing director/president and chief operating officer effective from February 11, in view of the various global initiatives that the company proposed to take up in the coming months, a company press release said. N R Narayana Murthy chairman and managing director will function as the chairman and CEO, effective from February 11, the release added.
Textile policy
CHENNAI: The new textile policy being enunciated by the Centre will be announced by March end after the receipt of the report of the experts committee, Union Textiles Minister Kashiram Rana said here today.
Speaking to newsmen informally after inaugurating the 79th worldconference of the Textile Institute, Manchester, he said the textile policy announced in 1985 was totally irrelevant8217; and hence the new policy. Explaining the steps taken by the present BJP-led coalition government to improve the conditions of the textile industry in the country, the Minister said the Rs 25,000 crore technology upgradation fund, to be launched on April one would make available loans to the targetted segments of the industry at internationally competitive rates of interest.
The main reason for a small Indian share in the world trade in textiles was the technological obsolescence in down stream segments like weaving, processing and clothing. Another measure on the anvil was the creation of cotton technology mission at a cost of Rs 600 crore. This would help increase not only the quality of cotton but also increase the yield per hectare.
Rana said during the Seventh Five Year Plan, the textile modernisation fund was conceived with a corpus of Rs 750 crore but actually Rs 1200 crore werespent. Most of the amount was released to the spinning units and weaving and processing units got only a portion of the fund.
