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Riding the bottom
BA: British Airways has become one of those companies that is trapped in an endless restructuring. Over the years, the UK airline has undergone successive rounds of cost cuts. The need for yet more is as urgent ever. Sales fell 14 per cent in the first half of BA’s financial year, but costs were not removed fast enough to avert a record pre-tax loss of £292 million. And that was in the normally buoyant summer months.

Punjab govt to review 18 IT SEZ projects
After having launched a new IT policy this month offering incentives to attract investments in the sector, the Punjab government will now review the proposed 18 IT SEZ projects and IT parks in a meeting tomorrow to decide on "serious" IT players.

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Mass housing for 1 lakh families
The Orissa government is mulling to implement a mass housing scheme for providing houses at affordable prices to the economically weaker, lower and middle income group. The project will be implemented in public-private partnership (PPP) mode.
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Centre-CMs meet on food prices on January 27

The Centre will hold a meeting with Chief Ministers on January 27 on the issue of surging prices of essential commodities, which continued to be costly, despite the food inflation easing a bit. - Food inflation eases marginally to 16.81% - Govt closely monitoring price situation: FM - Consumer price-based inflation rises to 16.9% in Dec - "RBI may mull withdrawal of excess liquidity" - "Food prices to come down by Mar-Apr" - The usual trade-offs The meeting will be chaired by Prime Minister Manmohan Singh, official sources said here. Earlier, the states had demanded that the Centre convenes a meeting with Chief Ministers to devise a combined strategy to bring down the rising food prices. The Finance Minister Pranab Mukherjee had said that the states were not lifting food stocks alloted to them for the purpose of public distribution system at satisfactory level. The meeting assumes importance as food prices continued to be high, even as their rate of rise has come down during the recent weeks. As per the data released today, food inflation declined to 16.81 during the week ended January 9 from 17.28 a week ago.


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