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Centre to promote multi-model public transport systems: Minister

Hyderabad, Apr 7 (UNI) The Centre will promote multi-model public transport with active involvement of the private sector under its new National Urban Transport Policy, Union Urban Development Minister S Jaipal Reddy said today.

The policy, approved by the Cabinet on Wednesday, aimed at giving the urban residents quick and affordable access to reach their destination and focused on clean technologies, he said inaugurating a National Convention ''Citiscapes'' organised by the FICCI.

Acknowledging that sale of small cars had increased tremendously in the recent past, the Union Minister said, ''It is not at all necessary for the people to use cars at all times.'' ''We need to learn from the experiences of Latin American countries where Bus Rapid Transport System is in vogue and take into consideration also the environmental costs of more personalised transport,'' he added.

Even those owning cars abroad use mass rapid public transport systems, he said adding that the government intended to develop dedicated bus lanes for quicker movement of people to their workplaces.

He urged states which had not fallen in line, to repeal the Urban Land Ceiling Act and also review the Rent Control laws to provide justice for property owners.

Stating that Prime Minister Manmohan Singh was particular that poor should be provided water connection at subsidised rates, he said civic bodies had to recover operation and maintenance cost for drinking water projects from those who could afford to pay.

UNI SM LR KP1658

Aspect Software acquires SophistiCom Technologies, Inc.

Mumbai, Apr 7 (UNI) Aspect Software, Inc., has acquired substantially all the assets of SophistiCom Technologies Inc., a privately-held provider of quality management software, a press release here said today. The financial terms of the transaction were, however, not disclosed. SophistiCom is the developer of a quality management application which provides quality assurance capabilities, as well as full-time call logging of all customer interactions to meet an array of recording requirements. The acquired.....

Oriental Bank increases term deposits interest

Mumbai, Apr 7: Oriental Bank of Commerce has announced change between 25-75 basis points in interest rates for its term deposits (domestic).The hike in interest rate on deposit is the range of 25 basis points to 75 basis points for term deposits (domestic) of less than Rs 15 lakh, and 25 basis points to 100 basis points for the single term dposits (domestic) for Rs 15 lakh and above.The interest rates on foreign currency deposits for non-residential Indians'(NRIs).....

Win or lose, Brindabon confident of next CM

Tezpur, Apr 7: Winner or loser, Asom Gana Parishad president Brindabon Goswami is confident that he is going to be the next Chief Minister of Asom despite the fact that in both of his constituencies -- Tezpur and Borsolla, he is on a sticky wicket.Mr Goswami, one of the most loved and respected political leaders of Asom with a clean image, has been a three-time MLA from Tezpur.''I won three times from Tezpur. Every one knows who I.....
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