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State Transport Corpns to buy 3,000 buses: Nehru

Kancheepuram, July 18 (UNI) State transport corporations in Tamil Nadu will purchase over 3,000 buses, Transport Minister K N Nehru today announced.

Speaking to reporters after a review meeting here with officials, Mr Nehru said while the State Express Transport Corporation will purchase about 900 buses, the other transport undertakings will procure 2,230 new buses.

The vehicles will be disabled-friendly in confirmity with the guidelines of Madras High Court. Mini buses will also be operated where necessary, the Minister added.

The government will also permit the operation of share autos in villages. The Minister also hinted at stern action against Omni buses operators who violated rules.

It had been decided to open vehicle test centres in 14 places in Tamil Nadu, he said.

UNI XR GM 1739

UCO bank to have representative office in China

New Delhi, Jul 18: UCO Bank today said it will open it's fifth representative office in Guangzhou in China by the year-end.''We have got the permission from the Reserve Bank of India, and are waiting for clearance from China's regulatory authority.The branch will be up by the end of this fiscal,'' UCO Bank Executive Director S A Bhatt told reporters here.The bank currently has four overseas offices in Hong Kong and Singapore.Speaking about expansion.....

India, Ecuador to boost coop, agree on UN reforms

New Delhi, Jul 18: India and Ecuador today agreed to strengthen cooperation in various sectors including energy, pharmaceuticals and trade and expressed commitment to UN Security Council (UNSC) reforms and South-South Cooperation.The two countries also signed four pacts including for cooperation between their respective Foreign Services Institutes, ''gainful employment'' of dependents of embassy staff, boosting educational and cultural ties and exemption of visa requirement for diplomatic and official passport holders. Ecuador Foreign Minister Francisco Carrion Mena and Minister.....

Govt cant allow pharma cos to get away with higher margins: Paswan

New Delhi, July 18 (UNI) Union Chemicals, Fertilisers and Steel Minister Ram Vilas Paswan today dismissed as 'baseless' the pharmaceutical industry's assertion that the proposed Drug policy envisaging price control over more medicines would hit its growth and said the companies could not be allowed to get away with margins more than 35 times. ''How come the government could be mum when the cost of a medicine is only Rs 1.20 and is.....
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