Category archives for: Business/Economy

Over 870 kg polythene seized

Over 870 kg polythene seized

Chandigarh, May 8 (IANS) Coming down hard on the rampant use of polythene, authorities raided a grain market here and seized a whopping 870 kg of plastic, an official said Saturday.

'Over 870 kg of banned polythene bags and packing materials were seized from a shop,' a Chandigarh administration spokesman said.

The

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Spain partly closes air space due to volcanic ash cloud

Spain partly closes air space due to volcanic ash cloud

Madrid/Hamburg, May 8 (DPA) Spanish aviation authorities Saturday closed the air space over northern Spain as a cloud of volcanic ash from Iceland arrived in the region.

The airports of Santiago de Compostela, La Coruna, Vigo Asturias, Santander, Burgos, Valladolid, Salamanca and Leon were affected by the closure which was set

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Economic crisis could reverse progress on child labour: ILO

Economic crisis could reverse progress on child labour: ILO

Geneva, May 8 (DPA) The global economic crisis has the potential to reverse gains made in recent years in the fight against child labour, the International Labour Organisation (ILO) warned in a new report Saturday.

Between 2004 and 2008, the global number of child labourers declined from 222 million to 215

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Euro leaders call for permanent rescue system

Euro leaders call for permanent rescue system

Brussels, May 8 (DPA) Eurozone leaders called for the instant creation of a permanent rescue system for members who fall into the kind of financial turmoil currently afflicting Greece, on a night of high drama in Brussels early Saturday.

The euro has no rules that would allow the rescue of ailing

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Government committed to overall growth of all states

Government committed to overall growth of all states

Chandigarh, May 7 (IANS) Commerce and Industry Minister Anand Sharma Friday said that there was nothing wrong in providing benefits to the industries in hill states like Himachal Pradesh and Uttaranchal, and maintained this strategy was drafted keeping in mind the broader viewpoint.

The Akali Dal-led Punjab government had recently lashed

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Experts to discuss Middle East’s rail projects

Experts to discuss Middle East’s rail projects

Dubai, May 7 (IANS/WAM) Representatives of the railway industry will meet here May 11-12 to discuss Middle East's upcoming rail projects worth $30 billion.

Officials from Saudi Arabia, Qatar, Bahrain, Syria, Egypt, Algeria and Jordan will also participate. The meeting will coincide with a rail expo being organised in the UAE.

--IANS/WAM

snb/vt

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Meghalaya to adopt ‘new approach’ on uranium mining

Meghalaya to adopt ‘new approach’ on uranium mining

Shillong, May 7 (IANS) The Meghalaya government Friday decided to adopt a 'new approach' on the proposed uranium mining in the state, aiming for a consensus on the issue after reassuring the people on health and environmental concerns and calculating the benefits to the state.

'We will have a new

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India needs $60-100 billion PE/VC funding by 2013: Study

India needs $60-100 billion PE/VC funding by 2013: Study

New Delhi, May 7 (IANS) India will need around $60-100 billion private equity (PE) and venture capital (VC) funds by 2013 for its infrastructure projects, according to a study released Friday.

The country's investment needs are estimated to be more than $1.25 trillion over the next three years to support 7-8

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India to double exports by 2014: Anand Sharma

India to double exports by 2014: Anand Sharma

Chandigarh, May 7 (IANS) Commerce and Industry Minister Anand Sharma Friday said the government is committed to doubling India's exports by 2014 and its share in the world trade in the coming years.

'We have emerged well out of the financial meltdown and we are growing at an encouraging pace. We

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Thousands visit UAE’s Shanghai Expo pavilion

Thousands visit UAE’s Shanghai Expo pavilion

Shanghai, May 7 (IANS/WAM) The UAE pavilion at the ongoing Shanghai Expo is attracting thousands of people daily.

Firgilo Sosa, general commissioner of Panama's pavilion, said the UAE pavilion showcases history and current urban landmarks of the UAE.

Tenj Kong, one of the visitors, told WAM that although he knows about the

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