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Credit growth slows after quarter-end spurt
After swelling to a nine-month high in the previous fortnight, the outstanding credit of Indian banks decreased by Rs 11,898 crore in the 15 days up to January 15 — its first fall in two and half months.

All that Jazz
Musicians from around the world are here for Jazz Utsav ’09. two of them tell us what to expect at the festival this year

News of the day

Govt land reforms report says SEZ concept enormously destructive
Special Economic Zones are nothing but special exemption zones and there is no reason to exempt these from all law. Hence, scrap these, is the recommendation of the Committee on Land Reforms and Agrarian Relations set up by the Union government to advise it on issues ranging from land reforms and land acquisition to measures to stop conversion of farm lands.
International Business

Punjab approved 336 mega projects

Punjab government has approved 336 mega projects with the private investment of Rs 97.163 crore which would provide employment to more than 12 lakh persons. Disclosing this here today Manoranjan Kalia, Industry, Commerce and Local Government Minister Punjab said that four Textile Parks, Foundry and Machine tools cluster at Batala had been approved by Government of India. He said that 20 clusters for micro, small and medium enterprises were proposed to be set up in the state. - Punjab to launch IPM technology in basmati growing area - Punjab to collect 22% more in revenues in 2009-10 - Punjab govt to announce its new Agro Industrial Policy-2009 Industry Minister further said that two centres of Northern India Institute of Fashion Technology (NIIFT) had been opened at Ludhiana and Jalandhar. The State government is actively considering to enact a SEZ Act and to formulate new industry policy. Kalia said that the up gradation of existing industrial focal points was a matter that requires immediate attention. Punjab Government would earmark Rs 25 crore for this purpose, against the allocation of Rs 20 crore last year.


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