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October 25, 2001 - October 25, 2001

Support price for groundnut, bajra fixed Thursday, October 25, 2001

TIMES NEWS NETWORK
GANDHINAGAR: The state government on Tuesday fixed the per quintal support price of groundnut and bajra at Rs 1,340 and Rs 485, respectively, to assist drought-hit farmers in the state.

The finance ministry has approved a revolving fund of Rs 26.25 crore to GUJCOMSASOL for the purchase of one lakh metric tonne of bajra from farmers in two phases.

Making the announcement, finance minister Nitin Patel said in presence of agriculture minister Purshottam Rupala that the state was poised for a record bumper production of 21 lakh tonne of groundnut during the current Kharif season. So the state government fixed the support price of groundnut at Rs 1,340 per quintal against the prevailing market price of Rs 1,130 per quintal.

He said this would help farmers to get a remunerative price for groundnut. The support price would become effective from October 31, to mark the birth anniversary of Sardar Vallabhbhai Patel.

On October 31 GUJCOMSASOL will purchase groundnut from farmers at a function to be held at Amreli in Saurashtra in the presence of Chief Minister Modi. Agriculture minister Purushottam Rupala will also attend.

The chief minister also declared the support price of bajra at Rs 485 per quintal, after consultations with Rupala, to ensure remunerative price of the commodity to farmers.

News Source : The Times of India [India's best Newspaper]


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Vadodara all set to celebrate Ramlila Thursday, October 25, 2001

TIMES NEWS NETWORK
VADODARA: Lord Ram is a shopkeeper, Pavanputra Hanuman is a school teacher, Ravana is a trader, Sita is a talented actress and the Vanar and Rakshas sena comprises of orphaned children from a remand home.

This is the cast of the traditional Ramlila that would be organised on Friday (Dussehra) at the Polo ground here by the Northern Indian Cultural Association (NICA). Keshav Mitra of NICA said this year organisers have decided to improve the lighting arrangements on the stage.

"We have kept the tradition of Ramlila alive for many years. This year too, a large number of our members have offered their services -- some as actors, others as stage hands or as organisers," he said.

The programme would begin at 5 pm on Friday. Mitra said transport commissioner G R Aloria would be the chief guest this year and expects over four lakh visitors. Three 60-feet effigies of Ravana, Kumbhakarna and Meghnad would be burnt on the occasion.

News Source : The Times of India [India's best Newspaper]


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Vadodara all set to celebrate Ramlila Thursday, October 25, 2001

TIMES NEWS NETWORK
VADODARA: Lord Ram is a shopkeeper, Pavanputra Hanuman is a school teacher, Ravana is a trader, Sita is a talented actress and the Vanar and Rakshas sena comprises of orphaned children from a remand home.

This is the cast of the traditional Ramlila that would be organised on Friday (Dussehra) at the Polo ground here by the Northern Indian Cultural Association (NICA). Keshav Mitra of NICA said this year organisers have decided to improve the lighting arrangements on the stage.

"We have kept the tradition of Ramlila alive for many years. This year too, a large number of our members have offered their services -- some as actors, others as stage hands or as organisers," he said.

The programme would begin at 5 pm on Friday. Mitra said transport commissioner G R Aloria would be the chief guest this year and expects over four lakh visitors. Three 60-feet effigies of Ravana, Kumbhakarna and Meghnad would be burnt on the occasion.

News Source : The Times of India [India's best Newspaper]


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44,322 Industries in Gujarat sick Thursday, October 25, 2001

BY ANIL PATHAK, TIMES NEWS NETWORK
GANDHINAGAR: In the first-ever factory to factory survey conducted by the state government 44,322 units in the small-scale sector have been identified as sick units and the industries department is contemplating on plans to revive the viable units.

While denying reports that over 40 per cent of the units have closed down, industries minister Suresh Mehta asserted the survey has shown that 19 per cent of the 2,50,000 industrial units in Gujarat had closed down since inception of the state in 1960.

Mehta made it clear that in no way the government was responsible for this sickness. A majority of them got into trouble more due to their wrong policies and faulty decisions in running the units.

The minister said possible efforts would be made to revive them as a part of new industrial policy which could not be followed vigorously as the government remained busy with massive rehabilitation and reconstruction works in earthquake affected areas of Kutch and elsewhere.

Under this new policy, the state government has adopted sectoral approach for speedy development of industries ranging from art silk units of Surat to ceramic industry of Morbi and Thangadh to brass parts units in Jamnagar and engineering units of Rajkot.

"We have decided to provide special concessions to the ceramic industry which has developed almost to the quality standard of such units in Italy and other European countries."

At the same time, senior officials of industries commissionerate have been directed to study the problems being faced by the small scale units in earthquake affected six districts of Kutch, Saurashtra and North Gujarat.

The government has acceded to certain demands put up by the industries to meet the increasing production cost, mainly soft loans and fuel. In order to meet increasing demand of electricity, the state government has decided to encourage power generation through captive units. As per the existing rules captive power units could sell 40 per cent of its generation to the Gujarat Electricity Board.

News Source : The Times of India [India's best Newspaper]


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Registrar promises MMCB directors' board in 10 days Thursday, October 25, 2001

TIMES NEWS NETWORK
AHMEDABAD: The board of directors or the administrative committee of Madhavpura Mercantile Co-operative Bank is expected to be finalised within the next 10 days, according to RM Joshi, registrar of co-operative societies, Gujarat.

Joshi revealed on Monday that MMCB administrator HG Chovala had quit, citing personal reasons, and requested to be relieved from duty nearly a month-and-a-half back.

Joshi said initially, a 9-member board would be set up and two members added later. One member would be appointed by the Centre while two would be nominees of co-operative banks which contribute Rs 50 crore or more to MMCB.

The board formation was delayed due to the change of guard in Gandhinagar.

Asked whether co-operatives banks in Gujarat would contribute the Rs 800 crore required to revive MMCB, Joshi said it was for the new MMCB board to take up the issue.

RM Shah, acting CEO of MMCB, said so far, Rs 126 crore had been disbursed to depositors. From October 23, MMCB would begin disbursing amounts up to Rs 45000 and increase it to Rs 50,000 from October 25 and Rs 55,000 from October 29.

"It is difficult to predict how long it would take us to disburse amounts of up to Rs 1 lakh under the insured amounts. But, the bank employees are working hard to disburse all pending amounts of up to Rs 1 lakh," said Shah.

Many of the Congress-controlled co-operative banks have made it clear that they would not contribute any funds for MMCB revival. There is speculation that MMCB may go into liquidation now that the ruling BJP has managed to get the bank to repay most of the small depositors.

Even if the funds to revive the bank are brought in, it may find it difficult to operate profitably with the economy passing through a recession.

News Source : The Times of India [India's best Newspaper]


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