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AITUC to take out rally for unorganised workers

Hyderabad, May 22 (UNI) All India Trade Union Congress (AITUC) National Secretary Satyanarayana Thakur today announced a massive rally at Delhi to protest against the UPA Government's attitude towards unorganised sector employees.

Speaking to mediapersons here, he alleged the government has 'totally deviated' from the assurances made in the Common Minimum Programme.

Pointing out to its assurance on a law for the benefit of the unoraganised workers, Mr Thakur said two years had passed since the UPA Government took office but the legislation was yet to see the light of the day.

He said the AITUC rally in November this year will be backed by workers of the unorganised workers. The exact date will be finalised soon.

On construction workers' plight in the country, the AITUC sectretary said the Act passed by the Centre in 1996 to protect their interests was yet to be fully implmented.

All India Beedi Workers Federation Vice President Sirajuddin said with the anti smoking act, the beedi workers condition was fast turning pathetic and sought amendments to the law for their survival.

UNI ASJ GM SB ND1538

Panacea net profit doubles; recommends 100 pc dividend

New Delhi, May 22 (UNI) Pharma major Panacea Biotec Ltd (PBL) today announced that its net profit for the quarter ended March 31, 2006 increased by 56 per cent at Rs 11 crore as against Rs 7 crore in the corresponding period last year, recommending a dividend of 100 per cent. The net turnover in Q4 of 2005-06, grew by 59 per cent at Rs 135 crore from Rs 85 crore during the same period a.....

Panacea Biotech to open 3 R

New Delhi, May 22 (UNI) In a bid to strenghten its R and D operations, Panacea Biotech Ltd (PBL) today announced setting up of three more research plants in the country, at a cost of Rs 60 crore funded mainly by the proceeds received from its FCCB issue, which concluded in February this year. ''Focussing on specific areas for research and developmental activities, we have decided to set up three more R and D centres at.....

Banks asked to fund margin requirements: FINMIN

New Delhi, May 22 (UNI) In an attempt to stem the rapid slide in the stock markets, a top official of the Finance Ministry today said Banks have been advised to provide ample liquidity to those who require money to meet margin requirements in the stock markets. "It appears that some brokers trading on the proprietary account may have come under margin pressure and therefore may have sold.The RBI has made it clear that Banks have been advised.....
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