Courtesy: R B Kishore
SOLAR
Solar installations set to quadruple in two years
Solar installations in India are set to double this year and double again next year. According to the Ministry of New and Renewable Energy (MNRE), the nation today has an installed solar capacity of 4,262 MW. The Ministry expects 4,345 MW of fresh capacity to come up in 2015-16, of which 518 MW has already been built in the current fiscal.
http://www.thehindubusinessline.com/todays-paper/tp-news/solar-installations-set-to-quadruple-in-two-years/article7744544.ece
EXPORT
Interest subvention scheme soon to help boost exports: Sitharaman
Union Minister of State for Commerce and Industry Nirmala Sitharaman said that the Centre will come up with some interest subvention scheme to give reprieve to the constant decline in exports.When asked if the Government is working on measures to address the decline, she said, “We are constantly working on it; we are conscious of the fact that exports have been on the slide for some months now. The reasons are very clear to say that global demand is not picking up.”She added, “We are interacting with every sector to understand that if there are any interventions that each sector might want for themselves, so that the particular sector could have some relief.”
http://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/interest-subvention-scheme-soon-to-help-boost-exports-sitharaman/article7744617.ece
Centre’s help vital for getting exports back on the growth path, says FIEO
The continuous fall in exports can be checked in the remaining months of the fiscal with help from the government in the form of marketing assistance, lowering of interest rates and transaction costs, easier disbursement of incentives and increase in incentive rates, said SC Ralhan, President, The Federation of Indian Export Organisations (FIEO).
http://www.thehindubusinessline.com/todays-paper/tp-news/centres-help-vital-for-getting-exports-back-on-the-growth-path-says-fieo/article7744606.ece
INFRASTRUCTURE
France in discussions with Centre, States on smart cities’ project
The French government has started discussions with the state governments and administrations of Maharashtra, Chandigarh and Puducherry, and also the Centre, for implementing Prime Minister Narendra Modi’s “smart cities’’ project.French development agency AFD has already committed €600 million of the €2 billion of loans promised by it for implementation of the smart city projects in Puducherry, Nagpur and Chandigarh over three years, French Ambassador François Richier said at a press conference on Friday.
http://www.thehindubusinessline.com/todays-paper/tp-news/france-in-discussions-with-centre-states-on-smart-cities-project/article7744607.ece
INFORMATION TECHNOLOGY
Now, apply for your Voter ID card through mobile app
Ahead of next year's state Assembly polls, an Electoral Assistance System tapping mobile and online facility for accessing voter details, was launched On Friday, claimed to be the first such in the country.Through the new facility - EASY - a voter can get his or her voter card or make changes through mobile phone, by telephone or by online portal service, State Chief Electoral Officer Sandeep Saxena Saxena said, launching it.
http://www.deccanchronicle.com/151009/nation-current-affairs/article/now-apply-your-voter-id-card-through-mobile-app
Govt should promote local brands, says Snapdeal chief
After campaigns such as ‘Make in India’ and ‘Digital India’, the government should promote ‘brands of India’ to give a leg-up to local weavers, artisans and toymakers, especially by selling these through online marketplaces, said a top boss at Snapdeal.“What we need in India is more brands. We were telling the government (in one of the meetings) that in the next campaign, we should have brands of India,” Kunal Bahl, Snapdeal Co-founder and Chief Executive Officer, told BusinessLine .
http://www.thehindubusinessline.com/todays-paper/tp-info-tech/govt-should-promote-local-brands-says-snapdeal-chief/article7744584.ece
AGRICULTURE
Farmer suicides: Supreme Court notice for grant of fair price
The Supreme Court on Friday expressed serious concern over the plight of farmers in the country and issued notice to the Centre on a public interest writ petition seeking better and fair remunerative prices for their products.A three-judge Bench of Chief Justice H.L. Dattu and justices S.A. Bobde and Amitav Roy issued notice returnable in four weeks after hearing senior counsel Rakesh Diwedi and counsel Sridhar Potaraju, appearing for Consortium of Indian Farmers’ Associations.
http://www.deccanchronicle.com/151010/nation-current-affairs/article/farmer-suicides-supreme-court-notice-grant-fair-price
Cotton quandary: farmers sell crop below MSP levels
For the beleaguered cotton growers across the country, the ensuing harvest season will be a repeat of last year’s, with prices hovering below the minimum support price (MSP) levels.The early arrivals have commenced in major cotton producing States such as Telangana, Punjab and Gujarat among others and are expected to pick up post-Dasara.
http://www.thehindubusinessline.com/todays-paper/tp-agri-biz-and-commodity/cotton-quandary-farmers-sell-crop-below-msp-levels/article7744558.ece
BANKING
Lower risk weights to benefit home buyers in smaller cities
The Reserve Bank of India’s move to reduce the risk weights attached to some categories of home loans, may bring down interest rates on loans by another 25-30 basis points (bps) over the next few months, according a report by Crisil.The RBI had allowed a loan-to-value ratio (LTV) of up to 90 per cent for home loans of Rs. 30 lakh or less. Earlier, 90 per cent LTV was allowed only for loans up to Rs. 20 lakh.
http://www.thehindubusinessline.com/todays-paper/tp-money-banking/lower-risk-weights-to-benefit-home-buyers-in-smaller-cities/article7744552.ece
National Housing Bank to cut refinance rates
The National Housing Bank (NHB) on Friday said its refinance rates will come down in step with the Reserve Bank of India’s recent move to cut repo rates and signal lower rates in the economy.“My rates are already competitive. These will come down further and will always be in line with the RBI’s. NHB would follow the RBI,” Sriram Kalyanaraman, Managing Director and Chief Executive Officer of NHB, told BusinessLine .
http://www.thehindubusinessline.com/todays-paper/tp-money-banking/national-housing-bank-to-cut-refinance-rates/article7744556.ece
IMF
Launch next phase of reforms for faster growth, IMF to India
With India's growth rate projected to drop slightly from 7.5 per cent to 7.3 per cent in 2015, the IMF today recommended the country to launch next phase of economic reforms and improve its business climate for achieving faster and more inclusive growth. "In India, while several policy actions have been taken recently, further steps in relaxing longstanding supply bottlenecks, especially in the energy, mining, and power sectors, as well as labour and product market reforms, and improving the business climate are crucial to achieving faster and more inclusive growth," the IMF said.
http://www.deccanchronicle.com/151010/business-latest/article/launch-next-phase-reforms-faster-growth-imf-india
STATE
Run away expenditure forces AP to resort to overdraft
Even as the State Government is going ahead with grand scale arrangements for the foundation ceremony of Amaravati on October 22, the State’s finances are just not matching up.With widening gap between revenue accruals and expenditure, the State which recently resorted to way and means advances from the Reserve Bank of India had to fall back on overdraft (OD) facility as its bank account showed negative balance on October 8. Ways and means advances is a mechanism used by RBI under its credit policy to help states banking with it to tide over temporary mismatches in the cash flow of their receipts and payments.
http://www.thehindu.com/todays-paper/tp-national/tp-andhrapradesh/run-away-expenditure-forces-ap-to-resort-to-overdraft/article7744904.ece
Government buildings to be green in Amaravati
All government constructions in Amaravati will be green buildings and energy efficient. It will also be mandatory for every structure coming up in the upcoming capital to follow Energy Conservation Building Code as part of promoting clean and green energy.This was disclosed to reporters here on Friday by Ajay Jain, Secretary, Energy, Infrastructure and Investments, AP Government, on the sidelines of a workshop on energy efficiency, which was attended by representatives from State Designated Agencies (SDAs) of 29 States.
http://www.thehindu.com/todays-paper/tp-national/tp-andhrapradesh/government-buildings-to-be-green-in-amaravati/article7744956.ece
Special status issue with Niti Ayog: Venkaiah
Niti Ayog was considering the issue of special category status for Andhra Pradesh and it was not fair on part of some political parties to make undue criticism on the subject, Union Minister for Urban Development M. Venkaiah Naidu said on Friday.Speaking to presspersons here, Mr. Naidu said he personally met Niti Ayog members and outlined the circumstances of Andhra Pradesh and the issue was under consideration.
http://www.thehindu.com/todays-paper/tp-national/tp-andhrapradesh/special-status-issue-with-niti-ayog-venkaiah/article7745011.ece
Govt. confirms PM’s visit for Capital foundation
The State government has confirmed Prime Minister Narendra Modi’s visit to the State on October 22 for participating in the foundation laying ceremony for Amaravati.The Prime Minister’s programme schedule was released on Friday, and during the eight-hour trip to the State, he is likely to visit Tirumala and have darshan at the Lord Venkateswara temple, before heading back to New Delhi. According to the schedule, the Prime Minister will be arriving at Gannavaram airport around 11.20 a.m. and will be flying to Uddandarayunipalem in a helicopter and reach there at 12.20 p.m. He will be participating in pujas as part of the foundation laying ceremony at 12.35 p.m.
http://www.thehindu.com/todays-paper/tp-national/tp-andhrapradesh/govt-confirms-pms-visit-for-capital-foundation/article7744948.ece
‘Nano tech will help aqua farmers’
Scientists of the Central Institute of Freshwater Aquaculture (CIFA) of Indian Council of Agricultural Research (ICAR) underlined the need for introducing Nano Technology in Aquaculture to save farmers from losses.Researchers, farmers and experts in Nano technology participated in the workshop-cum-interactive session on ‘Application of Nano Technology in Aquaculture’ here on Friday.
http://www.thehindu.com/todays-paper/tp-national/tp-andhrapradesh/nano-tech-will-help-aqua-farmers/article7746051.ece
Poultry farmers want govt. to bail them out
Poultry farmers have appealed to the government to take measures to slash the rate of interests on bank loans from the present 12 per cent to 7 per cent, in tune with the rates charged on agriculture loans, besides extending a moratorium on existing loans for a year.According to them, the poultry sector is reeling under crisis and the government should accord the status of agriculture to the sector. They also sought diseases affecting birds to be covered under the same insurance scheme applicable to natural calamities.
http://www.thehindu.com/todays-paper/tp-national/tp-andhrapradesh/poultry-farmers-want-govt-to-bail-them-out/article7744985.ece
Karnataka tweaks Textile Policy for geographical dispersion of units
Karnataka has tweaked its Javali Neethi (Textile Policy) 2013-18 to strengthen textile value chain activities.The policy also aims to give impetus for technical textiles and go for an aggressive push for geographical dispersion of textile and garment units.
http://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/karnataka-tweaks-textile-policy-for-geographical-dispersion-of-units/article7744637.ece
Textile federation seeks policy changes to make mill sector vibrant
Indian Texpreneurs’ Federation (ITF) has sought a policy changes to make the mill sector more vibrant.In a memorandum submitted to the Prime Minister, ITF Secretary D Prabhu has sought the Centre’s support to do business with ease.
http://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/textile-federation-seeks-policy-changes-to-make-mill-sector-vibrant/article7744639.ece
‘Andhra Pradesh needs to grow at 12%’
Suresh Rayudu Chitturi is a second-generation industrialist. His family has been in the poultry business and has established Srinivasa Hatcheries, of which he is the Managing Director. He has been steering CII-Andhra Pradesh as Chairman for the past year. It has been challenging, as the State started off with a deficit budget, no capital and a huge promise of special status to industries.
http://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/andhra-pradesh-needs-to-grow-at-12/article7744615.ece
AP to complete land acquisition for Nadikudi–Srikalahasti line
Andhra Pradesh has instructed the district collect of Guntur to commence work on land acquisition for the proposed new railway line between Nadikudi and Guntur.The land for the first 30 km of the total 308-km line should be handed over to the Railways, Chief Secretary IYR Krishna Rao said in a review meeting held recently.
http://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/ap-to-complete-land-acquisition-for-nadikudisrikalahasti-line/article7744643.ece
Centre to boost compost sale, build waste-to-energy plants
Soon, a tonne of compost generated in the city, which is sold to farmers, will fetch a reward of Rs. 1,500 by the Centre. The objective of the move is to boost sale of compost.A proposal to provide market development assistance in the form of fixed financial assistance from the Ministry of Chemicals and Fertilisers to this effect is before the Union Cabinet, said M Venkaiah Naidu, Minister for Urban Development.
http://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/centre-to-boost-compost-sale-build-wastetoenergy-plants/article7744634.ece
AP launches e-pragati initiative, invites IT sector to invest in the State
Andhra Pradesh will create the right ecosystem for IT companies and they should invest in the State to create a win-win situation for both, according to Chief Minister N Chandrababu Naidu.He was speaking here on Friday after inaugurating e-pragati, an e-governance initiative of the State Government. The project will be completed in two years at a cost of Rs. 2,398 crore. It is a single integrated platform encompassing all government services and linking all departments.
http://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/ap-launches-epragati-initiative-invites-it-sector-to-invest-in-the-state/article7744620.ece
Cisco to set up innovation centre in AP
Cisco India is planning to set up an innovation centre in Andhra Pradesh, most likely near Vijayawada, to boost and nurture local talent, according to Dinesh Malkani, President. He was here on Friday to participate in the launch function of e-pragati project of Andhra Pradesh. He said his company would partner with the State Government by sharing expertise in IT and network architecture.
http://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/cisco-to-set-up-innovation-centre-in-ap/article7744645.ece
India Inc’s second-quarter earnings likely to disappoint, say analysts
Despite the Centre’s upbeat mood and efforts to talk up the sentiment, India Inc’s performance in the second quarter is expected to disappoint yet again. For the July-September quarter, sales and net profit of listed companies are set to decline on a year-on-year basis, indicating that broader economic conditions remain weak.
http://www.thehindubusinessline.com/todays-paper/india-incs-secondquarter-earnings-likely-to-disappoint-say-analysts/article7744573.ece
Coolpad to invest Rs. 1,950 cr in mobile phones business in India
Chinese mobile devices maker Coolpad on Friday said it would invest around Rs.1,950 crore in India to manufacture and sell low cost handsets in the country.“We started business in India in 2007 with sale of first mobile phone with CDMA and GSM sim support in partnership with Reliance Communications. This is first time we are launching smart devices in our own brand name.
http://www.thehindu.com/todays-paper/tp-business/coolpad-to-invest-rs-1950-cr-in-mobile-phones-business-in-india/article7744722.ece
This is for your information.
10 OCTOBER, 2015: NEWS in MEDIA
Dear all,SOLAR
Solar installations set to quadruple in two years
Solar installations in India are set to double this year and double again next year. According to the Ministry of New and Renewable Energy (MNRE), the nation today has an installed solar capacity of 4,262 MW. The Ministry expects 4,345 MW of fresh capacity to come up in 2015-16, of which 518 MW has already been built in the current fiscal.
http://www.thehindubusinessline.com/todays-paper/tp-news/solar-installations-set-to-quadruple-in-two-years/article7744544.ece
EXPORT
Interest subvention scheme soon to help boost exports: Sitharaman
Union Minister of State for Commerce and Industry Nirmala Sitharaman said that the Centre will come up with some interest subvention scheme to give reprieve to the constant decline in exports.When asked if the Government is working on measures to address the decline, she said, “We are constantly working on it; we are conscious of the fact that exports have been on the slide for some months now. The reasons are very clear to say that global demand is not picking up.”She added, “We are interacting with every sector to understand that if there are any interventions that each sector might want for themselves, so that the particular sector could have some relief.”
http://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/interest-subvention-scheme-soon-to-help-boost-exports-sitharaman/article7744617.ece
Centre’s help vital for getting exports back on the growth path, says FIEO
The continuous fall in exports can be checked in the remaining months of the fiscal with help from the government in the form of marketing assistance, lowering of interest rates and transaction costs, easier disbursement of incentives and increase in incentive rates, said SC Ralhan, President, The Federation of Indian Export Organisations (FIEO).
http://www.thehindubusinessline.com/todays-paper/tp-news/centres-help-vital-for-getting-exports-back-on-the-growth-path-says-fieo/article7744606.ece
INFRASTRUCTURE
France in discussions with Centre, States on smart cities’ project
The French government has started discussions with the state governments and administrations of Maharashtra, Chandigarh and Puducherry, and also the Centre, for implementing Prime Minister Narendra Modi’s “smart cities’’ project.French development agency AFD has already committed €600 million of the €2 billion of loans promised by it for implementation of the smart city projects in Puducherry, Nagpur and Chandigarh over three years, French Ambassador François Richier said at a press conference on Friday.
http://www.thehindubusinessline.com/todays-paper/tp-news/france-in-discussions-with-centre-states-on-smart-cities-project/article7744607.ece
INFORMATION TECHNOLOGY
Now, apply for your Voter ID card through mobile app
Ahead of next year's state Assembly polls, an Electoral Assistance System tapping mobile and online facility for accessing voter details, was launched On Friday, claimed to be the first such in the country.Through the new facility - EASY - a voter can get his or her voter card or make changes through mobile phone, by telephone or by online portal service, State Chief Electoral Officer Sandeep Saxena Saxena said, launching it.
http://www.deccanchronicle.com/151009/nation-current-affairs/article/now-apply-your-voter-id-card-through-mobile-app
Govt should promote local brands, says Snapdeal chief
After campaigns such as ‘Make in India’ and ‘Digital India’, the government should promote ‘brands of India’ to give a leg-up to local weavers, artisans and toymakers, especially by selling these through online marketplaces, said a top boss at Snapdeal.“What we need in India is more brands. We were telling the government (in one of the meetings) that in the next campaign, we should have brands of India,” Kunal Bahl, Snapdeal Co-founder and Chief Executive Officer, told BusinessLine .
http://www.thehindubusinessline.com/todays-paper/tp-info-tech/govt-should-promote-local-brands-says-snapdeal-chief/article7744584.ece
AGRICULTURE
Farmer suicides: Supreme Court notice for grant of fair price
The Supreme Court on Friday expressed serious concern over the plight of farmers in the country and issued notice to the Centre on a public interest writ petition seeking better and fair remunerative prices for their products.A three-judge Bench of Chief Justice H.L. Dattu and justices S.A. Bobde and Amitav Roy issued notice returnable in four weeks after hearing senior counsel Rakesh Diwedi and counsel Sridhar Potaraju, appearing for Consortium of Indian Farmers’ Associations.
http://www.deccanchronicle.com/151010/nation-current-affairs/article/farmer-suicides-supreme-court-notice-grant-fair-price
Cotton quandary: farmers sell crop below MSP levels
For the beleaguered cotton growers across the country, the ensuing harvest season will be a repeat of last year’s, with prices hovering below the minimum support price (MSP) levels.The early arrivals have commenced in major cotton producing States such as Telangana, Punjab and Gujarat among others and are expected to pick up post-Dasara.
http://www.thehindubusinessline.com/todays-paper/tp-agri-biz-and-commodity/cotton-quandary-farmers-sell-crop-below-msp-levels/article7744558.ece
BANKING
Lower risk weights to benefit home buyers in smaller cities
The Reserve Bank of India’s move to reduce the risk weights attached to some categories of home loans, may bring down interest rates on loans by another 25-30 basis points (bps) over the next few months, according a report by Crisil.The RBI had allowed a loan-to-value ratio (LTV) of up to 90 per cent for home loans of Rs. 30 lakh or less. Earlier, 90 per cent LTV was allowed only for loans up to Rs. 20 lakh.
http://www.thehindubusinessline.com/todays-paper/tp-money-banking/lower-risk-weights-to-benefit-home-buyers-in-smaller-cities/article7744552.ece
National Housing Bank to cut refinance rates
The National Housing Bank (NHB) on Friday said its refinance rates will come down in step with the Reserve Bank of India’s recent move to cut repo rates and signal lower rates in the economy.“My rates are already competitive. These will come down further and will always be in line with the RBI’s. NHB would follow the RBI,” Sriram Kalyanaraman, Managing Director and Chief Executive Officer of NHB, told BusinessLine .
http://www.thehindubusinessline.com/todays-paper/tp-money-banking/national-housing-bank-to-cut-refinance-rates/article7744556.ece
IMF
Launch next phase of reforms for faster growth, IMF to India
With India's growth rate projected to drop slightly from 7.5 per cent to 7.3 per cent in 2015, the IMF today recommended the country to launch next phase of economic reforms and improve its business climate for achieving faster and more inclusive growth. "In India, while several policy actions have been taken recently, further steps in relaxing longstanding supply bottlenecks, especially in the energy, mining, and power sectors, as well as labour and product market reforms, and improving the business climate are crucial to achieving faster and more inclusive growth," the IMF said.
http://www.deccanchronicle.com/151010/business-latest/article/launch-next-phase-reforms-faster-growth-imf-india
STATE
Run away expenditure forces AP to resort to overdraft
Even as the State Government is going ahead with grand scale arrangements for the foundation ceremony of Amaravati on October 22, the State’s finances are just not matching up.With widening gap between revenue accruals and expenditure, the State which recently resorted to way and means advances from the Reserve Bank of India had to fall back on overdraft (OD) facility as its bank account showed negative balance on October 8. Ways and means advances is a mechanism used by RBI under its credit policy to help states banking with it to tide over temporary mismatches in the cash flow of their receipts and payments.
http://www.thehindu.com/todays-paper/tp-national/tp-andhrapradesh/run-away-expenditure-forces-ap-to-resort-to-overdraft/article7744904.ece
Government buildings to be green in Amaravati
All government constructions in Amaravati will be green buildings and energy efficient. It will also be mandatory for every structure coming up in the upcoming capital to follow Energy Conservation Building Code as part of promoting clean and green energy.This was disclosed to reporters here on Friday by Ajay Jain, Secretary, Energy, Infrastructure and Investments, AP Government, on the sidelines of a workshop on energy efficiency, which was attended by representatives from State Designated Agencies (SDAs) of 29 States.
http://www.thehindu.com/todays-paper/tp-national/tp-andhrapradesh/government-buildings-to-be-green-in-amaravati/article7744956.ece
Special status issue with Niti Ayog: Venkaiah
Niti Ayog was considering the issue of special category status for Andhra Pradesh and it was not fair on part of some political parties to make undue criticism on the subject, Union Minister for Urban Development M. Venkaiah Naidu said on Friday.Speaking to presspersons here, Mr. Naidu said he personally met Niti Ayog members and outlined the circumstances of Andhra Pradesh and the issue was under consideration.
http://www.thehindu.com/todays-paper/tp-national/tp-andhrapradesh/special-status-issue-with-niti-ayog-venkaiah/article7745011.ece
Govt. confirms PM’s visit for Capital foundation
The State government has confirmed Prime Minister Narendra Modi’s visit to the State on October 22 for participating in the foundation laying ceremony for Amaravati.The Prime Minister’s programme schedule was released on Friday, and during the eight-hour trip to the State, he is likely to visit Tirumala and have darshan at the Lord Venkateswara temple, before heading back to New Delhi. According to the schedule, the Prime Minister will be arriving at Gannavaram airport around 11.20 a.m. and will be flying to Uddandarayunipalem in a helicopter and reach there at 12.20 p.m. He will be participating in pujas as part of the foundation laying ceremony at 12.35 p.m.
http://www.thehindu.com/todays-paper/tp-national/tp-andhrapradesh/govt-confirms-pms-visit-for-capital-foundation/article7744948.ece
‘Nano tech will help aqua farmers’
Scientists of the Central Institute of Freshwater Aquaculture (CIFA) of Indian Council of Agricultural Research (ICAR) underlined the need for introducing Nano Technology in Aquaculture to save farmers from losses.Researchers, farmers and experts in Nano technology participated in the workshop-cum-interactive session on ‘Application of Nano Technology in Aquaculture’ here on Friday.
http://www.thehindu.com/todays-paper/tp-national/tp-andhrapradesh/nano-tech-will-help-aqua-farmers/article7746051.ece
Poultry farmers want govt. to bail them out
Poultry farmers have appealed to the government to take measures to slash the rate of interests on bank loans from the present 12 per cent to 7 per cent, in tune with the rates charged on agriculture loans, besides extending a moratorium on existing loans for a year.According to them, the poultry sector is reeling under crisis and the government should accord the status of agriculture to the sector. They also sought diseases affecting birds to be covered under the same insurance scheme applicable to natural calamities.
http://www.thehindu.com/todays-paper/tp-national/tp-andhrapradesh/poultry-farmers-want-govt-to-bail-them-out/article7744985.ece
Karnataka tweaks Textile Policy for geographical dispersion of units
Karnataka has tweaked its Javali Neethi (Textile Policy) 2013-18 to strengthen textile value chain activities.The policy also aims to give impetus for technical textiles and go for an aggressive push for geographical dispersion of textile and garment units.
http://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/karnataka-tweaks-textile-policy-for-geographical-dispersion-of-units/article7744637.ece
Textile federation seeks policy changes to make mill sector vibrant
Indian Texpreneurs’ Federation (ITF) has sought a policy changes to make the mill sector more vibrant.In a memorandum submitted to the Prime Minister, ITF Secretary D Prabhu has sought the Centre’s support to do business with ease.
http://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/textile-federation-seeks-policy-changes-to-make-mill-sector-vibrant/article7744639.ece
‘Andhra Pradesh needs to grow at 12%’
Suresh Rayudu Chitturi is a second-generation industrialist. His family has been in the poultry business and has established Srinivasa Hatcheries, of which he is the Managing Director. He has been steering CII-Andhra Pradesh as Chairman for the past year. It has been challenging, as the State started off with a deficit budget, no capital and a huge promise of special status to industries.
http://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/andhra-pradesh-needs-to-grow-at-12/article7744615.ece
AP to complete land acquisition for Nadikudi–Srikalahasti line
Andhra Pradesh has instructed the district collect of Guntur to commence work on land acquisition for the proposed new railway line between Nadikudi and Guntur.The land for the first 30 km of the total 308-km line should be handed over to the Railways, Chief Secretary IYR Krishna Rao said in a review meeting held recently.
http://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/ap-to-complete-land-acquisition-for-nadikudisrikalahasti-line/article7744643.ece
Centre to boost compost sale, build waste-to-energy plants
Soon, a tonne of compost generated in the city, which is sold to farmers, will fetch a reward of Rs. 1,500 by the Centre. The objective of the move is to boost sale of compost.A proposal to provide market development assistance in the form of fixed financial assistance from the Ministry of Chemicals and Fertilisers to this effect is before the Union Cabinet, said M Venkaiah Naidu, Minister for Urban Development.
http://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/centre-to-boost-compost-sale-build-wastetoenergy-plants/article7744634.ece
AP launches e-pragati initiative, invites IT sector to invest in the State
Andhra Pradesh will create the right ecosystem for IT companies and they should invest in the State to create a win-win situation for both, according to Chief Minister N Chandrababu Naidu.He was speaking here on Friday after inaugurating e-pragati, an e-governance initiative of the State Government. The project will be completed in two years at a cost of Rs. 2,398 crore. It is a single integrated platform encompassing all government services and linking all departments.
http://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/ap-launches-epragati-initiative-invites-it-sector-to-invest-in-the-state/article7744620.ece
Cisco to set up innovation centre in AP
Cisco India is planning to set up an innovation centre in Andhra Pradesh, most likely near Vijayawada, to boost and nurture local talent, according to Dinesh Malkani, President. He was here on Friday to participate in the launch function of e-pragati project of Andhra Pradesh. He said his company would partner with the State Government by sharing expertise in IT and network architecture.
http://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/cisco-to-set-up-innovation-centre-in-ap/article7744645.ece
India Inc’s second-quarter earnings likely to disappoint, say analysts
Despite the Centre’s upbeat mood and efforts to talk up the sentiment, India Inc’s performance in the second quarter is expected to disappoint yet again. For the July-September quarter, sales and net profit of listed companies are set to decline on a year-on-year basis, indicating that broader economic conditions remain weak.
http://www.thehindubusinessline.com/todays-paper/india-incs-secondquarter-earnings-likely-to-disappoint-say-analysts/article7744573.ece
Coolpad to invest Rs. 1,950 cr in mobile phones business in India
Chinese mobile devices maker Coolpad on Friday said it would invest around Rs.1,950 crore in India to manufacture and sell low cost handsets in the country.“We started business in India in 2007 with sale of first mobile phone with CDMA and GSM sim support in partnership with Reliance Communications. This is first time we are launching smart devices in our own brand name.
http://www.thehindu.com/todays-paper/tp-business/coolpad-to-invest-rs-1950-cr-in-mobile-phones-business-in-india/article7744722.ece
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