Business
These mills will be operated as model modernized mill to meet about 8% of the total demand of the jute packaging material.
Due to poor turnover and ever increasing losses, the Bihar government has been left with no other choice but to wind up the loss making units.
There are visible signs of a turnaround where the Bihar government has been implementing wide-ranging reforms, the Bank said.
Modi said the banks were asked to take a lenient view in helping small and marginal enterprises by way giving loan up to Rs 1 crore.
Steps were also being taken for providing fresh loans to them at an interest rate of as low as 5%.
The recommendations given by Sam Pitroda committee include divestment of 30% government equity in BSNL and reducing the company’s workforce by a third.
Nalanda Power Company, a subsidiary of CESC, has decided to move its 2000 MW power project to north Bihar after running into land acquisition problems in Bhagalpur.
Batelco, which has a 42.7% stake in S Tel, has partnered with a Bahrain-based Islamic investment bank.
Internet connections in rural Bihar are up to 4.99 lakh in 2009-10 compared to 0.43 lakh in 2008-09.
The company has secured the order for construction works of Eastern Kosi canal system in Bihar.
HPS, currently based in West Champaran, generate electricity by converting rice husks into combustible gases.
The company aims to disburse loans to the tune of Rs 120 crore against Rs 88 crore in the State last year.
Petrol price will increase by Rs 2.71 a litre and diesel by Rs 2.55 per litre from midnight tonight.
Mukherjee has proposed new income tax slabs for individuals under the general budget 2010-11 which he presented today.
1,46,185 kms of road length has been proposed to be constructed by 2012 to cover 54648 unconnected eligible habitations.
Mukherjee added that the government would make all efforts to introduce GST by April 2011.
Mukherjee's announcement is considered as a relief to the sectors, which were hit by the global financial slowdown.
Mukherjee allotted Rs 400 crore for green revolution in Bihar, Jharkhand, Bengal and Orissa, and Rs 300 crore for creating 6000 pulse and oilseed villages.
Pranab is behind Yashwant Sinha, who presented seven budgets.
Bihar emerged as the fastest growing circle again as it made 2.2 million additions.
Bihar is one of the few states that had taken its fiscal responsibility seriously and implemented the FRBM Act.
Though the factory at Marhora was approved in 2006 and that at Madhepura in 2007, there is no progress in works.
The Railway Budget for 2010-11 kept passenger fares for all classes unchanged even as the minister announced a reduction in service charges for e-tickets and freight charges for food-grains.
Siddiqui alleged that only Rs 120.90 crore had been spent under Swarojgar Yojna against an allocation of Rs 570.57 crore during 2009-10.
The growth momentum will continue if Nitish government gets re-elected. If instead Lalu Prasad wins, all bets on Bihar are off.
A state level Task Force on Urban Co-operative Banks has been constituted for Bihar.
UB group is the largest player in Bihar commanding a market share of over 40 per cent in the state.
Bihar government will present the economic survey on Feb 23 and the budget would be presented on Feb 25.
He said he has special affection for Bihar as he started his career with Hatidah distillery in Mokama.
Roemer also praised the state government for achieving the growth rate of 11.03% during the short span of four years.
"Their export duty should also be raised to discourage large-scale export as a pre-emptive measure to prevent scarcity of milk in the country," Modi said.
BSEB has signed a power purchase agreement with NTPC to buy 1900 MW additional power.
Modi invited Karnataka to partner Bihar in collaborative development in a way that would be mutually beneficial to both the states.
Carrying forward its message of "bonding, branding and business", the Foundation is set to open its Bangalore chapter on Sunday.
Inequalities will re-emerge unless reforms gains momentum in the poorer and most populous regions.
The bank loans should be given at a rate of four per cent, Tariq Anwar told newsmen here.
Filmmaker Prakash Jha's news and current affairs channel Maurya TV is set for launch on February 2.
"Lalu-Rabri regime was a not a case of misgovernance but absence of governance,” Nitish said.
RBI Dy Governor said that the meeting must be more business like instead of making speeches and leaving the matter to ministers.
We are very much in favor of GST but we will not allow its implementation in the middle of the financial year, Yashwant Sinha said.
Householders submitting holding taxes by February 28 at one go would have their remaining dues waived off.
Bihar has emerged as the fastest growing state clocking a growth rate of 11.44 per cent during 2008-09.
The Bihar government today gave its nod to a proposal from a private firm to set up a thermal power plant in Aurangabad.
At least 470 of the 950 projects were delayed. The total cost of the delayed projects could be anywhere above Rs 3 lakh crore.
The company was given until January 11, 2010 to edit the "offending" code by the US Court of Appeals for the Federal Circuit in Washington.
The internet company's move is its first mandatory world -wide shutdown. Other companies like Adobe and Apple would also close its offices.
Effective from April 1, 2009, the new rule may burn a hole in the pockets of salaried people and replaces the already abolished FBT.
ECOS has already considered various possible investment options for revival of each of the closed units.
The state government’s plan to set up a Rs 150 crore Jute Park under public-private partnership mode will become a reality soon.
Better-grade petrol producing units at Barauni refinery in Bihar will be ready by end-March, but commissioning will take three months.
