"Rotating" venture capital fund for IT sector awaits plan panel okay
The Planning Commission is considering a proposal for a novel Rs 1000 crore "rotating" venture capital fund which aims at generating 10,000 entrepreneurs in the next ten years in the export-oriented software sector. The move is in line with the BJP-led government's intiative to make India an IT superpower by 2007.

Cyber bill by next session
The Government will introduce the much-awaited Information Technology Bill aimed at checking computer crimes and legalising electronic transactions in the winter session of Parliament. The final draft of the `cyber law' which seeks to amend various information acts formulated by the Cyber Law Committee is now with the law ministry for its green signal

Centre may allow debt-recovery panels to use private agencies
Faced with the burgeoning non-performing assets (NPAs) in the banking sector, the Centre is planning to strengthen the recovery process by allowing debt-recovery tribunals (DRTs) to appoint professional debt-recovery agencies. The proposal will become effective after suitable amendments are made to Recovery of Debt due to Banks and Financial Institutions Act 1993.

  Indirect-tax mopup trips on back of low customs revenues
  Executive Briefing
  RBI vetoes new banks' plan to defer initial public offer
  Power ministry urges states to focus on R&M
  Unilateral farm ministry move bugs Barnala
  Double trouble for ancillaries
  Large-scale inflow of imported edible oils to arrest soaring prices
  Nafed worried as govt dithers on onion import
  Grain banks mooted to aid PDS
  Exporters of below standard goods to be de-registered
  SOPA seeks review of ban on loose edible oils
  Cement industry reels under recession
  Eco-friendly PPC has an edge over ordinary portland cement
  Orissa's vast nickel potential remains untapped
  Cement majors focus on ready-mix concrete
  Flood-hit Bhiwandi looms come to a halt
  Timely rains likely to lift fertiliser offtake in current rabi season
  KOMA urges Board to promote coconut oil
  US expert urges Indonesia to offer sops to oil firms
  Centre releases Rs 46 crore for crop projects
  "We never had a textile-friendly government"
  UK companies set to enter Iranian oil sector
  Malaysia expects better cocoa harvest
  European Union close to imposing curbs on textile exports from India
  Southeast monsoon in Gujarat, MP recedes
  Research institute to make available disease-resistant coconut seedlings
  Pakistan lowers cotton output estimates
  US refinery sector sees slump in margins
  Freight rates to firm up further
  Bangladesh jute production to drop as floods damage crop, machinery
  IMF bailout package to rescue Korea economy seen harsh
  World Briefing