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Monday, January 4, 1999

Assocham calls for policy on internal trade 

 
The government should explore the possibility of evolving an integrated policy for internal trade and review the plethora of Acts governing this sector.Raising this demand, ASSOCHAM president KP Singh said that a large part of the inefficiency of the wholesale and retail trade in India is due to counter-productive regulations such as the Essential Commodities Act, Prevention of Food Adulteration Act, Packaged Commodities Order, Trade and Merchandise Marks Act and Consumer Protection Act.In a communication to Union Food minister S.S Barnala, ASSOCHAM has demanded an end to the "inspector raj" as the complex regulatory framework has severely affected the smooth unification of internal trade.

Pvt investors in road sector seek additional incentives: Major policy initiatives by government since 1991 to encourage private participation in the road sector have had limited success till now as private investors expect additional incentives for enhancing project viability, says a study.In order to encourage privatesector participation it is important to increase capital subsidy and provide financial guarantees to financial institutions, a paper on "Feasibility of Expressways in India" at the recent International Congress on Express Highways Development in India said.

Priority `nursery power' scheme abolished in Rajasthan: Rajasthan government on Sunday abolished the `Nursery Power Scheme' introduced to provide agricultural connections to farmers on out of turn basis on payment of extra charges.The new state government would come out with a new power policy by April, chief minister Ashok Gehlot told reporters after a meeting with his cabinet colleagues in Jaipur on Sunday.

BHEL develops new capacity induction motor:

India's largest capacity induction motor has been successfully developed by Bharat Heavy Electricals Limited (BHEL) and has been supplied to Bharat Petroleum Corporation Limited (BPCL).Hitherto being imported, the pressurised enclosed 4070 kilowatt capacity squirrel cage induction motor, hasbeen manufactured and successfully tested at BHEL's Bhopal plant. The development of this motor will reduce the country's dependence on foreign suppliers, besides saving valuable foreign exchange.

Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.


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