The Videocon group, which signed a memorandum of agreement (MoA) with the West Bengal government for a Rs 15,000 crore (Rs 150 billion) steel and power project last month, has directly negotiated with land losers near Asansol for 2,000 acres.
If capital flight took place in the country in the direction of some other countries and then imports took place for consumption here, then it would be worse for the Indian economy, the noted industrialist said.
The number of active SIP accounts is nearing the 100 million milestone.
According to Sanjeev Chopra, secretary of the horticulture and food processing department of West Bengal, steps were being taken so that exporters from the state could sell overseas at least 1 per cent of the total state produce through the AEZs.
"We will not let Mamata Banerjee's 26-day fast for Singur go waste. I have asked for the lease agreement and all correspondence with Tata Motors by Tuesday," Partha Chatterjee, who took charge as West Bengal commerce and industry minister, said.
Two Ram Navami processions were organised in the Rishra police station area, and the second one came under attack near Wellington Jute Mill More on GT Road around 6.15 pm on Sunday, police said.
The asset quality of microfinance portfolios worsened in the quarter ending June 2024 due to the impact of heatwaves on borrowers' incomes and collections, coupled with rumours of loan waivers, according to Sa-Dhan. Jiji Mammen, executive director and chief executive officer of Sa-Dhan, said loans with 90+ days past due (dpd) rose to 1.2 per cent in June 2024, compared to 0.9 per cent in June 2023. The 90+ dpd also increased from 1.16 per cent in March 2024.
However, speculation remained rife that the meeting was part of Banerjee's plan to form an opposition front with regional players minus the Congress.
In 2011-12, the state attracted new investment commitments in the real estate sector worth over Rs 1,200 crore (Rs 12 billion).
A vendor said that Tata Motors had sent a mail that a meeting with the West Bengal commerce and industry secretary was scheduled for Thursday. Industry Secretary Sabyasachi Sen was not available for comment. However, WBIDC's public relations agency said that Sen had not sent any mail to vendors.
'West Bengal is an industry-friendly state.'
Infosys has been demanding SEZ status to start its Bengal campus, but the state government has been against providing it.
Separate cases have been registered in Kerala against popular Malayalam actors Jayasoorya and Maniyanpilla Raju following an allegation raised by a female actor that they had sexually assaulted her, police said on Thursday. Multiple FIRs have been registered against many high profile Malayalam film personalities following allegations of sexual harassment against various directors and actors in the wake of revelations in the Justice K Hema Committee report. In a Facebook post, the woman actor had said, 'I am writing to report a series of incidents of physical and verbal abuse I suffered at the hands of 1 Mukesh 2 Maniyan Pilla Raju, 3 Idavela Babu, 4 Jayasoorya (Jayasurya), 5 adv Chandrasekaran, 6 production controller Noble and Vichu, in the Malayalam film industry.'
West Bengal government puts on hold all special economic zones in the state until a 'socially balanced' decision is taken in this regard.
Election officials said a report on the incident has been sought from the district officials.
The state needs great numbers of new-generation entrepreneurs.
West Bengal Chief Minister Mamata Banerjee on Monday said that the Bharatiya Janata Party might conduct the Lok Sabha polls in December itself, claiming that all choppers have been booked by the saffron party for campaigning.
Maharashtra Chief Minister Uddhav Thackeray on Saturday said he had tried to contact Prime Minister Narendra Modi on phone regarding the oxygen supply for the state but the PM was not available since he was busy campaigning for the West Bengal elections.
Facing a stiff challenge to stem the decline of the Left Front in West Bengal, Chief Minister Buddhadeb Bhattacharjee on Monday asserted that the alternative to the Left's rule was anarchy and asked supporters not to be demoralised by the success of the opposition."Change for what, anarchy? West Bengal is in no mood to fall behind. We want to move ahead in agriculture, industry, education, health, human development. Is there any substitute to it," Bhattacharjee said.
West Bengal, which has seen many violent protests against land acquisition in the country, is now set to get another exemplary rehabilitation package for land-losers. After the free shares by JSW Bengal Steel, now Bhushan Steel is going one step ahead to give free land to land-losers as a part of its rehabilitation and resettlement (R&R) package. Sources said the R&R package has been submitted to the West Bengal Industrial Development Corporation (WBIDC).
When asked what the Infosys stand will be, Binod Hampapur, senior vice-president and global head of commercial and corporate relations at Infosys, said that the company will wait for the letter before the company makes any comment.
Sen said that as per the lease agreement, concluded recently with the company, it would have to pay a lease rent of Rs 1 crore per year for the first five years to the state.
After deciding to withdraw the Nano project from Singur in West Bengal in October last year, Tata Motors has sought 10 months time from West Bengal Industrial Development Corporation to remove the equipment.
Over one crore voters in West Bengal will decide the political fate of 342 candidates on Saturday, when 45 assembly constituencies go to polls in the fifth phase, amid a raging second wave of COVID-19.
'The first and most basic responsibility of any government is to protect its people from external threats and internal harm.' 'Budget 2025-2026 has to focus on meeting this responsibility,' asserts R Jagannathan.
Mitra also said currency demonetisation has led to closure of small industries and left hundreds jobless across the country
The state had received six proposals from IT companies for setting up units here involving an investment of Rs 1,410 crore (Rs 14.1 billion, Chatterjee said, adding that these proposals would entail direct employment to 19,000 people and indirect employment to 125,000.
Trinamool Congress is the second highest recipient of political donations through electoral bonds.
During a five-hour meeting with his entire Council of Ministers, Modi specifically asked for faster and better communication of the government's decisions.
Investors can take heart from the first Cabinet meeting in the second innings.
Tata Motors on Thursday said it will have talks with the West Bengal government on the Singur land when the Nano factory was originally slated to come up, a day after state principal industry Secretary Sabyasachi Sen said the world's smallest car would be made there.
Mr Mitra, show me where is industrial development in Bengal: Tata
They saluted 'the hands that weave timeless stories'.
Over 1.03 crore voters will decide the political fate of 306 candidates in this phase.
Assocham is planning to write a letter to the West bengal chief minister, asking her to bring back the Tatas to regain business confidence.
The Bharatiya Janata Party's decision to nominate Ananta Rai 'Maharaj', who has been demanding a separate state of 'Greater Cooch Behar' to be carved out of West Bengal, as its candidate for the upcoming Rajya Sabha elections from the state, has kicked off a fresh storm with the ruling Trinamool Congress accusing the saffron party of fanning separatism in the state.
The state government will help all those whose properties were vandalised in the clashes, she said.
Five people were killed, including 4 in the firing by Central Industrial Security Force personnel, during the fourth phase of polling
The first option that the state government might opt for is offer Infosys space in one of the SEZs that are coming up, but that is unlikely to be accepted
Considering the competition, engineering aspirants should ideally consider taking a minimum of five to seven entrance exams to maximise their chances of success and broaden their options when it comes to college, says rediffGURU Nayagam PP.
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