Centre
announces Rs25,000 cr farm package
New Delhi: The National Development Council (NDC)
has announced a package of new additional Central assistance
commitment worth Rs2500 crore for state-specific farm
strategies and a food security mission to augment production
of wheat by 8 million tonnes (mt), rice by 10 mt and pulses
by 2 mt and a signal to the States to come up with improved
models of subsidy delivery.
The
Planning Commission Deputy Chairman, Montek Singh Ahluwalia,
told the press that a meeting comprising both the Centre
and the States, had resolved that farm development strategies
must be reoriented to meet the needs of the farmers and
endorsed the 4 per cent growth for the agricultural sector
in the 11th Plan. Taking into account all the endowments
and constraints, the States should have credible strategies
for achieving the targeted goal.
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Software
exports from AP rise 48 pc
Hyderabad: Software exports from Andhra Pradesh have
risen to Rs18,582 crore (about $4.5 billion), a growth
of 48 per cent over last year (Rs12,521 crore), and accounting
for 14 per cent of the country's total exports estimated
at Rs1,34,000 crore (preliminary).
Further
the Software Technology Parks of India (STPI) has indicated
that they expect to continue this momentum to log software
exports of about Rs25,000 crore this fiscal, registering
a growth of over 35-40 per cent.
Officials
said the year 2006-2007 was eventful with about 174 new
companies coming into the State, investing about Rs1,900
crore. The year also marked the emergence of some tier
II cities on the IT horizon. Of the total exports from
the State, software exports account for about 53 per cent.
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Three
nations JV to be set up: Iran pipeline
New Delhi: India, Pakistan and Iran are proposing
to set up three JVs in the respective countries for the
$7-billion Iran-Pakistan-India pipeline. Stakeholders
in each company will have cross-holding in the other JVs.
This would ensure the three countries have a participative
interest enabling a joint approach to the project's execution.
The move comes even as New Delhi and Washington thrash
out issues over the Indo-US nuclear deal.
The
proposed JVs will be formed by companies executing the
project. For instance, in India, Gail likely to
be the lead company along with other oil companies
would form the JV along with the Iranian and Pakistani
counterparts.
The
proposed cross-holding approach would enable the countries
to work in tandem towards the execution of the project.
An Indian delegation is in Pakistan to discuss details
of the proposed framework agreement, besides sorting out
differences over transit fees with Islamabad.
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