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GMR initiates plans for 800-Mw, Rs 3,200-cr coal power plant
GMR Infrastructure, the Rs 4,500-crore Bangalore-based infrastructure developer with a focus on power generation, airports development, highways and urban infrastructure, is understood to be initiating plans for an 800-Mw coal-fired power plant on the eastern coast of India.

Villages with 2,000 to have banking access by March: RBI
Commercial banks would come out with a plan for financial inclusion by the end of the financial year, RBI Governor D Subbarao announced here during a bankers’ meet on financial inclusion and promotion of financial literacy.

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Reliance tops combined value chart
Reliance tops the combined value chart on both the BSE and the NSE with a total turnover of Rs 558.09 crore. It is followed by Suzlon (Rs 531.62 crore), Tata Steel (Rs 413.41 crore), DLF (Rs 390.68 crore) and Aban Offshore (Rs 372.79 crore).
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Uttar Pradesh industry ready with 2010 wish-list

Taking a leaf from positive signals emanating from the stock markets in the last few sessions, companies in Uttar Pradesh hope to see further boost to the state’s industrialisation in 2010. - Power crunch impeding industrial growth: Industry - Dual tax structure for goods & services - State worried over GST roll out - Options limited for Madhya Pradesh - Striking government - Web Excl: Budget Expectations - Goods and Service Tax Promising all cooperation to the government, the industry is nonetheless ready with its wish-list for bringing industrialisation a much-needed push in UP, topped by uninterrupted power supply and single window clearance. The industry in unison opined that the state government should cultivate a pro-industry image by creating a conducive environment for doing business in the state. “We hope that the government delivers on what it has promised on the power sector and single window fronts. Besides, the state should take immediate steps to curb harassment of traders and entrepreneurs at the field level by officials to increase revenue,” Asocham secretary general S B Agarwal told Business Standard. He suggested the government should do its homework well before the Goods and Service Tax (GST) is implemented in the country. Prominent Lucknow-based builder U S Halwasiya said UP should demonstrate its will for taking the industrialisation process forward by taking pro-industry steps. “The government should improve the power scenario and the bureaucracy give due importance to the industry. Steps should be taken to check red-tapism and ushering in transparency. Due consideration should be given for improving the infrastructure, such as road and power,” he noted. Micro, Small and Medium Enterprises (MSME) chamber Indian Industries Association (IIA) executive director D S Verma said the chief minister should re-start the process of state-level periodic interaction with the industry as per the industrial policy. “Power projects should be given top priority and the government should accord due importance to domestic industry along with its plans to invite fresh industry from other states,” he added. UP Congress legislature party leader Pramod Tiwari lamented that while the neighbouring states were faring well on industrialisation firmament, UP was lagging. “UP industry is bogged down by power, law and order, and corruption by the state machinery. Unless, the government is serious on these vital issues, the process of industrialisation is going nowhere in UP,” he averred.Meanwhile, UP IT & Electronics principal secretary Chandra Prakash said his department would set up 17,000 jan suvidha kendras in the rural areas of the state to e-deliver utility services at the doorsteps of people. “We will also take steps to arrest the migration of technology graduates to other states in search of employment by setting up an IT SEZ in Lucknow,” he added. Adarsh Vyapar Manal president Sanjay Gupta gave thrust to the need for uninterrupted power supply, single window system and provision of soft loan to traders and entrepreneurs.


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