Factories are shutting down owing to a shortage of labour and raw materials, and a lack of logistical support amid the ongoing nationwide lockdown against the coronavirus pandemic.
The industry body Ficci, whose Secretary General Amit Mitra is among the winning Trinamool Congress (TMC) candidates in West Bengal elections, on Friday described the TMC victory as "historic".
The total investment - by Tata Motors and its vendors - in the Rs 1 lakh car project is Rs 3,700 crore (Rs 37 billion). The West Bengal government on Thursday disclosed that the investment in the vendor park would be around Rs 2,200 crore (Rs 22 billion).
The railways is collaborating with various companies from Germany, South Korea, Japan and China to work out the fine prints.
Bowing to pressure, the finance ministry may give industry relief from some of the new levies proposed in the Budget.
): Tea exporters in Siliguri in West Bengal are upbeat thanks to the new provision bringing the tea industry under the Vishesh Krishi Upaj Yojana in the new foreign trade policy.
Farmers to whom the lands belong complain that they have been caught unaware by the acquisition process.
'In this election -- her first major one since wresting power from the Left -- Mamata has proved that she has simply maintained the Left's systemic status quo by ensuring that she implements the CPI-M method of election and result 'management', says Dr Anirban Ganguly.
The Indian industry on Wednesday offered to play the peacemaker in the land row in West Bengal, parts of which have been witnessing violent protests by farmers against acquisition of land for industrial purposes.
Ten central trade unions except Bharatiya Mazdoor Sangh are observing one-day general strike on Thursday to protest against various government policies.
Left-affiliated trade unions on Thursday enforced a nationwide day-long general strike to protest the 'anti-people' economic and labour policies of the United Progressive Alliance government.
According to a source, banks have decided to infuse funds after Purnendu Chatterjee, chairman of The Chatterjee Group, agreed to invest Rs 100 crore (Rs 1 billion) as margin amount into the ailing plant.
Almost 70 per cent of alcohol distribution in India happens through liquor vends or shops, while 30 per cent happens on-premise, that is, in bars, pubs, and hotels.
XPS Ltd, a subsidiary of Transport Corporation of India, engaged in providing logistics to perishable commodities, is developing a temperature controlled packaging unit for the food processing industry.
Whenever people think of India, they will think of Ficci as a place they could go to facilitate investment, says Rajiv Kumar.
'As long as Amul was coming in with products it was not a problem because it was something value added and with a shelf life.' 'When it gets into the local market by procuring locally, it cuts into the market-share of local cooperatives.'
West Bengal's Left Front government is working on a proposal to find a solution to the stand-off over acquisition of land in Singur for Tata Motors' car plant, veteran CPI-M leader Jyoti Basu said on Friday.
When land was allotted to PSUs in the past, care was taken to ensure this was wasteland - it makes sense to do the same for private industry today.
He said throughout India the "name of Sonachura and Nandigram will be uttered whenever people will talk about brutalities committed by a state government."
The government may claim planted trees compensate for forests lost, but that does not mean complex flora and fauna destroyed have been restored, points out Himadri Ghosh.
The Board of approval in the commerce ministry took these decisions along with approving two fresh proposals of Shyam Steel Industries and Limitless Properties in West Bengal and Tamil Nadu, respectively. The BoA also ratified extension of time to 23 developers, including Satyam Computer Services, for implementing tax-free enclaves in the wake of economic slowdown.
President A P J Abdul Kalam asked the Indian IT industry on Wednesday to focus more on high end products while projecting that the market for information, communications and technology would touch $200 billion by the year 2010.
Finance Minister Pranab Mukherjee will start the customary pre-budget consultations with different interest groups like captains of industry, economists, agriculturists and bankers next week.
The study found out that in terms of tourism budget, Jharkhand ranks the highest with Rs 160 crore, compared to West Bengal's Rs 31 crore (Rs 310 million), Orissa Rs 44 crore (Rs 440 million), Bihar Rs 25 crore and Chattisgarh Rs 50 crore (Rs 500 million).
With the commissioning of the 2,000 MW Tala hydel power project scheduled for July 2006, Bhutan is all set to start exporting 2,500 MW power to India by the year end, Bhutan ambassador to India Lyonpo Dago Tshering said on Monday.
Union Finance Minister Nirmala Sitharaman on Tuesday said the mass consumption items such as pulses, wheat, rice, flour, and curd will not attract the 5 per cent goods and services tax (GST) when sold loose, and not pre-packed or pre-labelled. The clarification came amid protests and widespread criticism by Opposition Members of Parliament over foisting GST on daily-use essentials and subsequent price rise. The all-powerful GST Council, chaired by the Union minister, had last month decided to impose GST on some mass consumption items to simplify the rate structure, which came into effect on Monday.
Claiming that the northern state was a safer zone for industries, which did not discriminate in the name of caste or religion, and had, in fact, registered a growth rate of 9.9 per cent during 2009-10, the state chief minister called for greater participation of private players.
No lives were lost after cyclone Biparjoy made landfall. Preparations for Biparjoy were not only extensive, they were also telecast far and wide. Ahead of the cyclone's landfall, Shyam G Menon observes there was considerable publicity on how much the government was geared up to face the storm and its aftermath.
From cricket great Sachin Tendulkar to renowned actor Ajay Devgn, Twitter was flooded with messages that relived fond memories associated with PK Banerjee, whose name goes well beyond the sport he played.
Former Uttar Pradesh chief minister late Kalyan Singh, often termed as a Hindutva icon, and actor Victor Banerjee were among the 65 distinguished personalities who were conferred with Padma awards by President Ram Nath Kovind on Monday.
Banerjee urged President Pranab Mukherjee to "save" the people of the country from the hardship caused by demonetisation and the resultant cash crisis
Industry at Haldia, a major port and commercial hub, has been caught in the middle of this power transition. Consider this: RPG's power utility, CESC, is unable to erect evacuation towers due to land issues and the third phase of its ongoing expansion of 250 Mw has already been delayed by seven-eight months.
The company on Tuesday challenged before the court the RTI commissioner's competence to deal with the matter, with its counsel submitting before Justice Dipankar Dutta that the Right to Information Act was not applicable in case of an agreement involving industrial secrets. Justice Dutta has scheduled the matter for hearing on Friday.
Chairman Emeritus of Tata Sons Ratan Tata said shifting the Nano car plant from Singur in West Bengal was a prudent move in hindsight but gave the group a high negative cost.
Nandigram remained in headlines throughout the year despite the West Bengal government cancelling the SEZ project of Indonesia's Salem Group in January following violence and political pressure on Chief Minister Buddhadeb Bhattacharjee.
Tata Motors on Wednesday inaugurated the world's cheapest car, the Nano's, manufacturing facility here, nearly two years after it was forced to shift the plant out of West Bengal over a land row.
Nasscom president Kiran Karnik on Wednesday urged the West Bengal government to keep politics out of the IT industry and find new IT destinations in the districts of the state.
Seven states account for 80 per cent of the total hazardous waste in the country with Gujarat topping the list followed by Maharashtra and Andhra Pradesh.
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