Punjab Newspaper

corporate

Building on its innovative initiative of Nanhi Chhaan, addressing the two vital issues of promoting the girl child and environment conservation, CII took another step forward in this direction when its women employees planted saplings in the premises of Northern Region Headquarters to mark the observance of International Women’s Day.
Detailing on the initiative, Ms [...]

The Railway Budget should have been used to reduce freight rates across the board to stimulate the economy which has just begun to recover after the global financial meltdown, according to Mr. Ashok Kajaria, President, PHD Chamber.
An increase in the freight rate was not announced in the last budget also but the same was revised [...]

The problems of the agriculture sector, which has been reeling under neglect for far too long, should be addressed on a priority basis in the forthcoming Budget in order to achieve 8% growth in the next fiscal and tackle the problem of rising food inflation. These views were articulated by all the speakers who participated [...]

Deliberations on the opening day of the 13th annual conference of the Indian Political Economy Association (IPEA), that began at the Punjabi University’s Senate Hall here today, centered around global financial crisis and its impact on Indian socio-economic and political system.

In his presidential address, noted political scientist and Vice-Chancellor of Punjabi University, Dr Jaspal Singh [...]

Infrastructure, inclusive growth, good governance, agriculture, fiscal discipline, financial sector reforms are some of the suggestions put forward by PHD Chamber of Commerce for the first hundred days of UPA government to revive the economic environment . “Roadblocks in infrastructure development need to be cleared to rekindle momentum of growth”, said Mr. R V Kanoria, [...]

Finance, infrastructure and manpower apart from regulation and governance required to foster entrepreneurial growth and ecosystem. PHD Chamber in association with TiE (The Indus Entrepreneurs) Punjab & Chandigarh organized an Interactive Session on “Fostering Entrepreneurship” at PHD House, Sector 31, Chandigarh.

While assessing the prevailing entrepreneurial ecosystem in the region and providing his inputs to foster [...]

Surya Pharmaceutical Limited plans to set up more than 500 healthcare & Pharma retail stores under the brand name Viva in the next three years. It would set up 100 stores in Delhi and the NCR by March 2010 and follow this up by more stores in North India and other parts of the country. [...]

Harpal Singh, newly elected Chairman of the CII Northern Region informed that CII Northern region’s theme for 2009-10, “Building North for Tomorrow”, would adopt a three pronged strategy including Response to the challenging times, Building for tomorrow and Focus [...]

PHD Chamber has called for reducing the limit for availing 100% CENVAT credit taken on common inputs used for dutiable and exempted products and taxable services from the present 10% to 5%. Also, the payment of 8% of value of exempted services required to be made under the CENVAT Credit Rules should be brought [...]

Hydroelectricity, agri-business, engineering, education, textiles and research as areas for bilateral trade between India and Canada, according to a CII Session on Navigating Globalisation: Canadian Experience” organized by CII at Chandigarh. “Canada and India are natural business partners as both share more complementarities and less competition”, according to Kevin Lynch, Clerk of the [...]

Chandigarh administration awarded entrepreneurs at a function organized at the UT Guest House. M/s Essen Deinki won the first prize, while M/s Chandigarh Flour Mills Pvt. Ltd. bagged the second prize. M/s Azad Offset Printers (P) Ltd. received the third prize. The consolation prize winners were M/s Engraavepro and M/s Adharshila Potteries. The winners of [...]

The Principal Secretary, power and irrigation, Punjab government, Suresh Kumar conceded that the power situation in the state “will continue to be the same till the projects underway are completed”. He stated this while addressing a session organized by the PHD Chamber at Chandigarh.

Suresh Kumar added that the state government will do the summer scheduling [...]

The PHD Chamber today welcome the move of the government to reduce the excise duty and service tax by 2 per cent. In a reaction to the move by the government to help the industry tide over the financial crisis, the Chamber said the move would help generate greater demand and assist the industry in [...]

The PHD Chamber today sought the status of Most Favoured Nation for India at an interactive session “Doing Business with Illinois” organized by PHD Chamber today. “If India could be conferred Most Favoured Nation status, trade with not only Illinois but USA shall escalate to new heights in the times to come. Illinois should not [...]

Hash Biotech Labs Private Limited, a Chandigarh based company has achieved a rare distinction of being recognised both as an “Official Working Partner” and “Technology Facilitator” of the United Nations to eradicate malnutrition, poverty, hunger and unemployment and secure the United Nations Millennium Development Goals.

The prestigious Certificate of recognition of “Official Working Partner” and “Technological [...]

Italy is looking at creation of Joint Ventures with small and medium Indian enterprises in the fields of agro products, renewable energy, education and health care. This was stated by H.E. Mr. Roberto Toscano, Ambassadar of Italy to India at an interactive meeting organised by the PHD Chamber. Though Italy is regarded as a hub [...]

The interim budget presented by the Union government provides for directional continuity, according to the CII interaction organized at Chandigarh today. According to Salil Singhal, Chairman, CII Northern region, the vote on account was presented in the backdrop of constitutional proprietary. Pesented by the Finance Minister Pranab Mukherjee, the Vote on Account is a classic [...]

The Chandigarh Administration has decided to exempt the eatables and drinks being served to the students in messes and canteens run in Educational Institutions in Chandigarh from VAT. The decision was taken keeping in view the students of university and other educational institutions, a deserving class, for this concession so as to make the food [...]

The PHD Chambers of Commerce and Industry described the interim budget presented by Pranab Mukherjee as a “major disappointment for the industry”. The industry was expecting measures from the government to rejuvenate the economy to overcome the slump in demand slump arising out of the current global meltdown. While the PHD Chamber appreciated that [...]

Punjab National Bank has shown a higher net profit in the third quarter (Q3) compared to last year despite the general slowdown of the economy. Net profit of Punjab National Bank has increased by 85.76% to Rs 1005.82 Cr from Rs 541.46 Cr last year. Net Profit of the bank for the nine months ended [...]

Chandigarh based Hash Biotech Labs Private Limited, in association with the Kanwaljit Sandal Foundation, is organizing a special seminar on the Eradication of Malnutrition and Hunger by using a unique Miracle Food, the Blue-Green Algae ‘Spirulina’. H.E. Ambassador Manish Uprety, special envoy to South Asia of ‘Intergovernmental Institution for the use of Micro-algae Spirulina Against [...]

The recent fraud of Satyam has forced the business schools to lay emphasis on corporate governance so that the future managers do not follow Raju’s path. This topic is now being taken up in the business schools as a real time case study. This case will not only edify the students about the truth behind [...]

Secretary and spokesman of the All India Congress Committee, Manish Tewari has assured the owners of the dyeing units in Ludhiana that he would take up the issue of the exemption of the excise duty with the union finance ministry. Tewari was speaking at a meeting organised by the Ludhiana Dyeing Association and other affiliate [...]

Satish Bagrodia, President, PHD Chamber has expressed disappointment on the RBI in its Third Quarter Review, not announcing further reduction in key policy rates and leaving CRR, repo rate and reverse repo rate unchanged. GDP growth in India is expected to drop to 6.8% during the current financial year, after registering 9% or more during [...]

Agriculture expoerts account for only eight per cent of India’s exports. Revealing this P K Chaudhery, Additional Secretary, Ministry of Commerce & Industry, Govt. of India said “Tariffs no longer are a matter of concern for success of exports but non tariff barriers by way of stringent testing and accreditation regimes are a challenge that [...]