Nuclear Deal, Government Saved

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On 22 July, the parliament of India voted on the fate of UPA government after a long, unending debate which saw many low moments also and decided that congress governementlead by Dr Manmohan Singh should continue to run.

The government is safe now. It is floating inspite of Left leaving it.

The motion was moved by prime minister Mannmohan Singh himself. With this he became first prime minister of India towin a confidence motion.

There were many dramatic turns in this two day long debate. Most serious was the allegation by three BJP members that they have been asked to cross vote for a payment of money. it was quite a scene in the parliament when the alleged cash was shown.

The motion got 275 votes and 256 votes were against the motion.

Government is now expected to pursue the nuclear deal and other economic reforms as well.

Winning this motion was very important for this government.

For past few months the government has been marred by issues regarding nuclear deal with America, rising prices. With this win, government gets time to strengthen its position.

This would also be important in view of elections coming next year.

Popularity: 18% [?]

Panipat Flyover Opens

Will save fuel worth Rs. 15 lakh daily

To ease out congestion in the city on the NH-1, the 10 km Panipat elevated highway that includes a 3.4 km flyover on the North-South Corridor was today inaugurated.

The Rs 418 crore project had been completed six months ahead of schedule and it would provide a big relief to a large number of road users in Panipat and other commuters using the NH-1. The project would lead to the overall development of Panipat and the adjoining areas, besides boosting the economy of the region.

The foundation stone of the project had been laid by Prime Minister Manmohan Singh in April 2006 and it was schedules to be completed in January next year.

The flyover would result in considerable savings in terms of travel time and fuel.

Traveling through this particular stretch on this national highway would take less than 10 minutes which earlier used to take 45 to 90 minutes. This would save about 30,000 litres of fuel each day, effecting a saving of about Rs 15 lakh per day on fuel alone.

This new facility has been implemented on the build, operate and transfer basis with “negative grant”. The flyover would be maintained by the concessionaire for a 20 year period, including the construction period.

The elevated highway has six lanes stretched over 10 km, including a 3.4 km flyover. Besides, 9 metre wide peripheral roads have also been provided on either side to cater to the local traffic without interfering with long distance main traffic.

Three under-passes have also been provided.

The flyover has been built by L&T and is longest flyover in India.

Popularity: 21% [?]

Orrisa Government To Provide Free Power To Below Poverty Line Families

The government of state of Orissa has decided to provide free electricity to all the families living under poverty line. 32 lakh such families would get a no cost electricity by next 15 months.

State Energy Minister S N Patro said the government would provide requisite materials including a 40 wt bulb to each BPL family and an estimated Rs 2200 would be spent on each family.

The funds will be arranged from Rajiv Gandhi Gramin Vidyuitkaran Yojana and Biju Gram Jyoti Scheme.

To overcome low voltage problems in many parts of the state, the distribution companies were asked to replace 3000 old and ineffective transformers within next six months.

To each family, the state goverment would provide a 40 watt bulb and other requisite naterial.

An estimated Rs 2200 would be spent on each family.

Popularity: 41% [?]

Futures Trade In Steel May Be Banned

The government is contemplating ban on futures trading in iron and steel. This will be in addition to a host of tax incentives to bring down the price of steel in the country.

The rise in steel prices had contributed around 25 percent to the recent jump in the wholesale inflation rate, a government official said.

In addition, the government is likely to ban futures trading in almost all major farm goods. Read more

Popularity: 31% [?]

Traffic Congestion Tax Proposed By House Panel

A spurt in the number of vehicles clogging the road in Indian cities has prompted a parliamentary committee to propose fresh taxes on people owning more than one car and a congestion levy to ease the traffic.

The recommendations of the Parliamentary standing committee on Transport will be presented in Parliament in the current session and then sent to the government for action.

It is as yet not certain whether the government will accept and implement the report in its entirety. Read more

Popularity: 23% [?]

Inflation Bites-Govt Sets Up New Panel To Monitor Prices

The Government on Thursday decided to set up a committee to monitor movements in steel and raw material prices, indicating a tough stance on an issue that has taken centre stage with inflation touching a worrisome level.

Manufacturers, however, said prices of steel would unlikely fall as they had fewer options than passing on the rising costs of raw materials, such as iron ore and coke, to consumers.

JSW steel, Uttam Galva Steels, Ispat Industries have already raised prices by 15 to 20 percent. Read more

Popularity: 18% [?]

OBC Quota In-Creamy Layer Out In Higher Education-Supreme Court

The verdict is out. The Supreme Court consented to the controversial OBC quota in higher Central education institutions.
But there is a rider attached as the creamy layer has been kept out. The court has also recommended reservations should be reviewed every five years.

The Supreme Court has gone with the Parliament and given the go ahead to the politically explosive 27 per cent quota for OBCs. Read more

Popularity: 41% [?]

3G Services For Mobiles To Get Costlier

Third generation (3G) services on your mobile phone, such as high-speed internet access, video conferencing, movie clips and interactive gaming are going to be costly. This has resulted due to recent spectrum auction in the which fetched a record $19.12 billion.

The windfall netted by the US auction has led to some members of the Telecom Commission (TC) having second thoughts on the reserve price set for 3G auction in India. Serious differences have cropped up within the commission over computation of reserve price for the high-stakes auction and allotment of 3G mobile spectrum. Read more

Popularity: 23% [?]

55 IT Special Economic Planned for Gurgaon

A total of 55 SEZs of all categories will come up in Gurgaon in times to come. 35 SEZs have already been accorded formal approval, while in-principal approval has been granted to 18 SEZ and the rest two are awaiting approval.

About fifty percent of SEZs of all categories coming up in Gurgaon would be in the IT sector.

This in effect would generate millions of jobs

The state government has also decided to set up community colleges and professional training institutes to train the local youths on lifestyle and professional skills to take advantage of the upsurge in job opportunity. Read more

Popularity: 22% [?]

Five New Course At IP University From This Year

In a bid to give students more scope to enter corporate law, Guru Gobind Singh Indraprastha University has redesigned its five-years BA LLB course. Students applying for the new session will now have the opportunity to either choose the traditional BA LLB or the new entrant BBA LLB.

BBA LLB is designed for those students who want to get into corporate law. This will ensure that they have business grounding before doing MA LLB, said KK. Aggarwal, Vice Chancellor of GGSIPU. He added that due to the course, placement in banks and multinationals would not be a problem. Read more

Popularity: 47% [?]

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