NEC cries for funds as new project launch gets affected
PTI The North Eastern Council is facing acute shortage of funds, hampering implementation of several of its dream projects like setting up of educational institutes, skill development centres and sports academies."We have so many dream projects to implement, but there is no money. Whatever little money we receive, it has over 99 per cent utilisation. So, we need more money," North Eastern Council (NEC) Secretary Ram Muivah told PTI.Fund allocation to NEC substantially decreased after 9th Five Year Plan from 5.12 per cent of the total outlays for the North East to 0.03 per cent in the current fiscal, he added."When NEC was established in 1972, the first year's fund allocation was Rs 500 crore, which was a big amount then.However, ...
Blue Star expects a growth of 30% in FY 2017
The Dollar Business Bureau Blue Star, the largest air conditioning (AC) and commercial refrigeration company in India, has expected a total growth of 30 percent during the financial year 2016-17. During a press meet on Tuesday, B Thiagarajan, Joint Managing Director, Blue Star said, "As a brand, Blue Star continues to be a major player in the commercial and corporate segment which consists of a 25 percent of the total market size.” In the last financial year, the company grew at a rate of 20 percent which is more than the growth of industry and had a market share of 10 percent, Thiagarajan said. He further said that we wish to continue to grow at the same pace ...
Centre for private players in construction of food storage pools
Sai Nikesh | The Dollar Business In addition to already existing central pools available with Food Grain Corporation of India (FCI) for the storage of food grains, the Indian Ministry of State for Consumer Affairs on Tuesday informed that the government is keen on involving private players in the construction of storage capacities for food grains. In a move to further augment the available food grain storages in the country, the government is planning to rope in private entrepreneurs, private warehouses, Central Warehouse Corporation (CWC) and State Warehousing Corporation (SWC) under Private Entrepreneurship Guarantee scheme. Under this scheme, the Minister of State for Consumer Affairs Raosaheb Patil Danve says, the government has already approved the construction of a storage capacity of ...
