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Govt destroyed MSMEs, now wants RBI to revive it: Chidambaram

IANS   NEW DELHI Picking on Prime Minister Narendra Modi’s remarks that demonetisation was a “bitter” medicine to get rid of black money, Congress leader P Chidambaram on Wednesday said it destroyed the Micro, Small and Medium Enterprises (MSME) and now the government wanted RBI to revive the sector. The former Finance Minister also took strong exception to remarks reported …

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Indoco Remedies launches oral cancer prevention campaign

NT NETWORK   PANAJI Indoco Remedies Ltd on Tuesday announced a state-wide campaign for early detection of oral cancer, as part of its corporate social responsibility (CSR) initiative. According to the company, around 80 per cent cases are diagnosed in the advanced stage, which makes it difficult to treat. “The all-India campaign is being conducted with the help of healthcare …

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Railways to use video analytics, crowd control tech at Kumbh Mela

IANS   ALLAHABAD Indian Railways will use technology, including Artificial Intelligence (AI), in a big way to tackle the massive rush of passengers to this holy city during the upcoming Kumbh Mela — for which it will deploy as many as 800 special trains. IBM Intelligent Video Analytics will be pressed into service, a first for the Railways, for crowd …

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Fire safety conference held

NT NETWORK   PANAJI The Fire and Security Association of India (FSAI), Goa chapter, organised a national-level conference, ‘Fire Safety & Security for Hospitality & Hospitals,’ recently. The seminar was inaugurated by Deputy Speaker of the State Legislative Assembly Michael Lobo in the presence of D Shami, fire advisor, ministry of home affairs; V Suresh, chairman, IGBC; K Dominic, national …

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Honda ‘Wings of Joy’ scheme prizes given

PANAJI: Priority Honda, Taleigao held the prize distribution of the ‘Wings of Joy’ scheme wherein one can get assured gifts and prizes on the purchase of any two-wheeler. The scheme is on till November 30. The weekly ‘Wings of Joy’ prizes were distributed by Gaurish Sakhardande, group general manager of Priority Auto, Taleigao and the winners declared were Vasudev Kunkolkar, …

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ECONOMIC SCAN

Special tour for Sankhali Tripurari Purnima PANAJI: Goa Tourism Development Corporation (GTDC) is organising a special tour to Vithalapur, Sankhali on the occasion of Tripurari Purnima (boat festival) on November 22. Tripurari Purnima will be organised jointly by GTDC, department of Art and Culture, department of Tourism, and department of Information and Publicity. The special tour on Tripurari Purnima is open …

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Investment in foreign ventures falls 10% in Oct

IANS   MUMBAI Indian companies’ investment in their overseas ventures continued to be less than the year-ago period for the 19th month in a row as it fell 10.5 per cent to $1.76 billion in October, Reserve Bank data showed. Indian companies had invested $1.96 billion in their overseas ventures during October 2017, as per the monthly summary on Outward …

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India has Rs 1,500 cr bank guarantee on offsets in Rafale deal

IANS   NEW DELHI India has secured a bank guarantee for about Rs 1,500 crore from Dassault in the Rafale jet deal as a safeguard against any violations of the offset policy prepared in accordance with the Defence Procurement Procedure (DPP), a leading financial daily said on Friday. A special clause in the deal, which mandates that five per cent …

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ECONOMIC SCAN

Self employment camp at Shiroda on Nov 17 PANAJI: EDC has organised a self employment awareness and assistance camp for the Shiroda constituency, on November 17, from 2.30 pm to 3.30 pm at Shivshail Education Complex, Shiroda.  This camp is organised at the initiative of the govt, for the publicity of its Chief Minister’s Rojgar Yojana (CMRY) and also of …

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Flight fares go up as runway shut for repair at Delhi airport

PTI   NEW DELHI Fliers to and from Delhi will have to shell out more as the closure of one of the three runways and high travel demand over the weekend have spiked fares by around 86 per cent, claimed an e-commerce travel website. On Friday evening, several travel portals showed a sharp rise in spot airfares. While a Delhi-Bengaluru …

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