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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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domain-B : Indian business : News Review : 30 May 2007 : general