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Friday, July 3, 2009

Bar on 6 bottling units using ISI mark

By Our Special Correspondent

NEW DELHI Feb. 19. In a major crackdown on the bottled drinking water industry, Food and Consumer Affairs Minister, Sharad Yadav, today ordered the immediate enforcement action against one bottling plant and withdrawal of the permission to use ISI mark from six others on the ground that they were not meeting the quality and other norms set by the Bureau of Indian Standards (BIS).

While enforcement action has been ordered against Pepsico India Holding, Bharuch, the units debarred from using the ISI mark include Bisleri International, Bangalore, and Ion Exchange, Navi Mumbai.

The other four plants from which the permission to use ISI mark have been withdrawn are : Vaibhav Aqua, Ghatkopar, Mumbai, Kothari Beverages, Shahpur, Thane, Surat Beverages, Dadra, (all in Maharashtra) and Sardul Mineral Water and Soda Private Limited, Jamshedpur. Announcing the decisions, a spokesperson of the Food and Consumer Affairs Ministry said expiry notice has also been issued against one unit — Vaishali Mineral Water, Hazipur, Bihar. In addition, warning letters were ordered to be issued against Hindustan Coca Cola Beverages, Khera, and Surbhi Milk Food, Kalol.

The action follows nation-wi




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Thursday, July 2, 2009

Economic Survey 2008-09: Capital flows plunge $58bn, tax sops can arrest fall

3 Jul 2009, 0257 hrs IST, TNN
Print Email Discuss Share Save CommentText:
The global meltdown and the collapse of overseas capital flow to India had a lesson for policymakers. The Economic Survey for 2008-09 has mooted
"internalising externalities" to minimise the impact of a crisis.

Global capital flows to India came down to $31 billion in 2008 from a high of $89 billion in 2007 when the growth worldover was high-especially in emerging and developing economies. Even in 2006, capital flows to India were relatively high at $37 billion.
The volatility in developed economies, however, had its full impact on emerging nations including India. Global capital flows to emerging and developing economies had tripled from $203 billion in 2006 to $617 billion in 2007. But, with the
financial crisis, it collapsed to $109 billion in 2008.



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Grid collapse averted in A.P.

Special Correspondent

Power generation at Srisailam restarted on an emergency basis

HYDERABAD: The Srisailam hydel project, which was shut down last week for a month to facilitate repairs to the apron of the dam, was reopened on Friday for power generation to improve line frequency and save Andhra Pradesh from a “grid collapse”.

The line frequency nosedived on Thursday and precariously hovered around 48 cycles a second off and on as against the safe level of 49.5 cycles a second, threatening to trip all the power stations in a chain effect and plunge the State into darkness.

The AP Transco secured special permission from the government and restarted the generation at Srisailam on an emergency basis to pump extra power into the grid and build up the frequency which then rose to the safe level.

Huge capacity

The repairs being undertaken to the apron of the Srisailam dam have been kept on hold temporarily to continue the operation of Srisailam right and left bank powerhouses which together have a huge installed capacity of 1,670 MW.

At a press conference, Energy Minister Mohd Ali Shabbir expressed happiness that the crisis was averted with the timely operation of the Srisailam powerhouses. He said in spite of the onset of monsoon, the power demand continued at summer level in all the sectors, including agriculture and domestic, due to the dry spell, causing a shortage of 10-15 million units a day. As against this gap, Srisailam provided 13 mu on Thursday evening.

Mr. Shabbir regretted that owing to monsoon failure in the peninsular, all the southern States of Tamil Nadu, Karnataka, Kerala, and the Union Territory of Pondicherry were overdrawing power from Central generation stations, thus ruling out scope for Andhra Pradesh to get any significant help from this end. The floods that occurred in the North-East in contrast, “ disturbed” power stations and transmission systems in West Bengal and Orissa which otherwise would have helped Andhra Pradesh.

Mr. Shabbir, however, assured the power cut would not be imposed on any category of consumers under any circumstances.

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