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Rice procurement up despite low kharif output
In spite of a 15 per cent decline in the kharif rice output, the government’s rice procurement in the ongoing kharif marketing season is marginally up at 14.85 million tonnes due to an increase in purchase from the ‘grain bowl’ states of Punjab and Haryana even though procurement is down in states like Uttar Pradesh (UP), Andhra Pradesh (AP).

Hyd metro rail project's pre-qualification date extended
The last date for receipt of pre-qualification applications for Hyderabad Metro Rail project has been extended from November 2 to November 27 due to administrative reasons in view of elections for the Greater Hyderabad Municipal Corporation.

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Yahoo! expands web-connected TV push
Yahoo! announced partnerships with television and other device manufacturers as the Internet company joins others seeking to jump from the computer to the TV screen.
Management

Gurgaon industries' body welcomes Haryana decision on power

The Gurgaon Industries’ Association (GIA) has welcomed the initiation of the Haryana government for introducing frachisee system of power distribution in Gurgaon. Speaking at a meeting with the Managing Director, Dakshin Haryana Bidyut Vitran Nigam (DHBVN), Anurag Agarwal, here, GIA president V P Bajaj said that shortage of staff marred the quality of service by DHBVN. - Posco gets final nod from Environment Min - Bharti nears deal with Warid in Bangladesh - CEOs eased out left and right in US; Pandit stays at Citi - AIG Asia unit listing to raise up to $20 bn: report - Bharti to buy Bangladesh mobile operator - ArcelorMittal"s open offer for Uttam Galva from Dec 19 This problem he hoped would be solved by introducing the franchisee system. He said the industries demanded better service and quality power supply, which was likely to improve with the availability of distribution management skill of the franchisee. Speaking on the occasion, Anurag Agarwal said that the franchisee system of electricity distribution was a type of power distribution management contract for a specific period and the assets of the Nigam were not being sold away. DHBVN would remain the licensee and the tariff would continue to be as fixed by the Haryana Electricity Regulatory Commission (HERC). Agarwal said that the aim of the state government in adopting the franchisee system was consumer satisfaction by providing better power supply to them. He said the modalities for adopting this system would be finalised by taking opinion and views of all stake holders including Industrial Associations and officers and employees of DHBVN. Elaborate discussions would be held before implementation of the franchisee system.


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